ADP, ISS reject Ackman’s claims they exchanged non-public data
(Reuters) – Automatic Data Processing Inc rejected as “false and misleading” on Tuesday the accusation by billionaire investor William Ackman that the company gave proxy adviser Institutional Shareholder Services non-publicly disclosed information.
Exclusive – Orange is the new bank? Telecoms giant ventures into lending
PARIS/LONDON (Reuters) – Telecoms giant Orange launches its own bank on Thursday, aiming to win 25 percent of France’s online banking market by capitalizing on the rising use of smartphones to steal share from established lenders with inferior technol…
Trump says he is not looking to phase in corporate tax cut
WASHINGTON (Reuters) – President Donald Trump said on Tuesday that he was not looking for the corporate tax rate reduction that the White House is seeks to be phased in over time.
Mastercard posts record profit on higher global spending
(Reuters) – Mastercard Inc on Tuesday posted a record profit and trounced Wall Street expectations, as it battled for consumers and global market share over other payment channels including its bigger rival Visa Inc .
Consumer staples lead gains on Wall Street
(Reuters) – Upbeat earnings from consumer companies Mondelez and Kellogg put the benchmark S&P index on track for its best monthly gains since February.
Kellogg’s surprise sales increase cheers investors
(Reuters) – Kellogg Co surprised investors on Tuesday with its first quarterly sales increase in more than two years, showing it was turning a corner after massive cost cuts and a shift to healthier products, sending its shares up 7 percent.
Shopify posts strong earnings, responds to short seller; shares dive
TORONTO (Reuters) – Canadian retail software company Shopify Inc posted a better-than-expected jump in revenue and improved outlook on Tuesday, but its shares fell as investors digested its response to a short-seller’s attack.
Mondelez, tech stocks lift S&P, Nasdaq
(Reuters) – A rise in technology stocks and strong earnings from Oreo cookie maker Mondelez buoyed the S&P and the Nasdaq on Tuesday, while a decline in Pfizer weighed on the Dow.
ADP says Ackman’s claims it misled ISS are false
(Reuters) – Automatic Data Processing Inc rejected as “false and misleading” on Tuesday the accusation by billionaire investor William Ackman that the company had made incorrect statements to a proxy adviser.
Kellogg posts surprise sales increase on Kashi, frozen foods demand
(Reuters) – Kellogg Co reported a surprise increase in sales on Tuesday after 10 straight quarterly declines, getting a boost from higher demand for its frozen foods and Kashi snacks.
