Wal-Mart rally pushes Dow to all-time high
(Reuters) – The Dow Jones Industrial Average hit a record high on Tuesday, helped by a surge in Wal-Mart Stores, while Amazon and Facebook lost ground and investors focused on upcoming quarterly reports.
Verizon media chief departing after not getting top job
WASHINGTON (Reuters) – Verizon Communication Inc media chief Marni Walden confirmed on Tuesday she had decided to leave the telecommunications company next year after it became clear she would not become its next chief executive.
Airline shares rise on post-hurricane results
NEW YORK (Reuters) – American Airlines and United Airlines reported better than expected September results on Tuesday, despite the impact of three hurricanes, sending their shares and stocks in other U.S. airlines up sharply.
Nasdaq short interest up 0.3 percent in late September
NEW YORK (Reuters) – Short interest on the Nasdaq rose 0.3 percent in the second half of September, the exchange said on Tuesday.
Procter & Gamble foresees proxy war victory, Peltz refuses to concede
(Reuters) – Procter & Gamble Co said on Tuesday activist hedge fund manager Nelson Peltz lost his fight to win a seat on the company’s board, according to a preliminary tally of shareholder votes in the biggest and most expensive proxy contest ever.
Cargill expands food starch line-up in ‘clean label’ push
NEW YORK (Reuters) – Global commodities trader Cargill Inc [CARG.UL] said on Tuesday it will increase its offerings of starch product options, seeking to capture rising demand for simpler ingredients and to meet changing consumer tastes.
Wal-Mart helps Wall Street to new records, but techs curb gains
(Reuters) – Wall Street hit fresh record intraday highs on Tuesday, helped by a jump in Wal-Mart and energy stocks, but the gains were limited by declines in Amazon and technology stocks.
Wal-Mart sees 40 percent online sales growth next year, shares jump
(Reuters) – Wal-Mart Stores Inc on Tuesday forecast that its U.S. online sales would soar about 40 percent in the fiscal year ending January 2019, sending its stock up 4.7 percent to the highest in more than two years.
Nasdaq Vice Chairman Jochumsen to retire
NEW YORK (Reuters) – Nasdaq Inc Vice Chairman Hans Ole Jochumsen, who has been focused on expanding the transatlantic exchange operator’s European operations, will retire at the end of the year, he said in an interview on Tuesday.
Brazil police say JBS owners ‘profited’ from inside information
BRASILIA (Reuters) – Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors b…
