Wall Street lower as traders see past tax revamp
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was more than offset by concern over its effect on years of monetary policy stimulus and the future of interest rates.
U.S. tax cut to deliver corporate earnings gift
NEW YORK (Reuters) – The massive Republican tax overhaul working its way to President Donald Trump’s desk is making bulls on Wall Street a little more bullish.
Innogy’s CEO leaves group days after profit warning
BERLIN/FRANKFURT (Reuters) – The chief executive of Innogy , Peter Terium, has left the German energy group in an apparent clash over strategy, just days after a profit warning hit its shares and those of its majority owner RWE .
U.S. House approves biggest tax overhaul in 30 years; Senate next
WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives approved sweeping, debt-financed tax legislation on Tuesday, sending the bill to the Senate, where lawmakers were due to take up the package later in the evening.
Innogy’s CEO departs days after profit warning
BERLIN (Reuters) – German energy company Innogy said on Tuesday its chief executive Peter Terium was leaving the company immediately, just days after the company issued a profit warning that sent its shares tumbling.
Niki hangs on to slots for now as potential bidders line up
VIENNA (Reuters) – Air Berlin’s unit Niki can keep its valuable runway slots while Austria’s Transport Ministry examines its insolvency filing, the airspace regulator said amid growing interest in the carrier from potential bidders.
Defiant O’Leary says union recognition sets stage for Ryanair expansion
DUBLIN (Reuters) – Ryanair Chief Executive Michael O’Leary broke months of media silence on Tuesday to defend his decision to recognize unions for the first time in 32 years, saying it would allow his airline to expand and help to keep staff costs dow…
UPS reserves 125 Tesla semi-trucks, largest public pre-order yet
DETROIT (Reuters) – United Parcel Service Inc said on Tuesday it is buying 125 Tesla Inc all-electric semi-trucks, the largest known order for the big rig so far, as the package delivery company expands its fleet of alternative-fuel vehicles.
Nebraska regulators deny TransCanada request on Keystone XL route
LINCOLN, Nebraska (Reuters) – Nebraska regulators on Tuesday denied TransCanada Corp’s request to amend its route application for the proposed Keystone XL pipeline through the U.S. state, a potential setback for the company as it seeks to head off lega…
Wall Street rally stalls ahead of tax bill vote
(Reuters) – Wall Street dipped on Tuesday ahead of a vote on a bill to overhaul the U.S. tax system, with a pullback in technology stocks leading the declines after two strong session of gains on hopes that Congress will vote in favor of the bill.
