Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq
(Reuters) – The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq.
Xerox ‘desperately’ needs new leadership, Icahn says
(Reuters) – Activist investor Carl Icahn said on Tuesday Xerox Corp “desperately” needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue.
Oil hits two-year-and-a-half year high on pipeline shutdown, stocks take breather
LONDON (Reuters) – Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.
European property giant makes $16 billion bet on U.S. shopping malls
SYDNEY/MELBOURNE (Reuters) – Unibail-Rodamco, Europe’s biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter…
German watchdog recalls VW Touaregs over defeat devices
HAMBURG/BERLIN (Reuters) – Germany’s KBA automotive watchdog on Tuesday announced a recall of Volkswagen’s flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.
Futures flat with all eyes on Fed meet; Brent tops $65
(Reuters) – U.S. stocks were set to open flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to bump up the benchmark interest rate for the third time in a year as it continues to unwind its post-crisis stimulus.
German watchdog orders recall of 57,600 VW Touareg SUVs
HAMBURG (Reuters) – Germany’s KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.
PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks
SEATTLE (Reuters) – PepsiCo Inc has reserved 100 of Tesla Inc’s new electric Semi trucks, the largest known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive …
Trump’s push to cut federal jobs has modest impact, mostly in defense
WASHINGTON (Reuters) – President Donald Trump’s campaign to shrink the “bloated federal bureaucracy” so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.
Sanofi investors hungry for drug progress and deal news
PARIS (Reuters) – Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.
