U.S. top court lets Conagra cooking oil class action proceed
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday refused to hear a bid by Conagra Brands Inc to escape a class-action lawsuit accusing it of falsely labeling its cooking oil as 100 percent natural even though it had genetically modified ingred…
Wall Street scales new records on gains in Wal-Mart, energy stocks
(Reuters) – The three major Wall Street indexes scaled new records on Tuesday, helped by gains in energy stocks and in Wal-Mart on the back of the company’s $20 billion share buyback plan.
Britain hopes U.S. review of Bombardier decision will not be influenced by politics
LONDON (Reuters) – Britain hopes a provisional U.S. ruling imposing tariffs on Canadian aerospace manufacturer Bombardier will not be politically influenced when new evidence is considered, UK Business Secretary Greg Clarke said on Tuesday.
Wall Street set to open higher as earnings take focus
(Reuters) – U.S. stocks were set to open higher on Tuesday, with investors turning their focus to the third-quarter earnings season to see if corporate profits justify lofty valuations.
Pfizer weighs sale of consumer healthcare business
(Reuters) – Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth as much as $14 billion up for grabs.
Honeywell review opts to keep bulk of aerospace business
(Reuters) – Honeywell International Inc unveiled a corporate makeover on Tuesday that ties its growth more strongly to aerospace technology – the opposite of what activist investor Third Point Capital has urged since April.
Uber says UK National Insurance contributions would cost tens of millions of pounds
LONDON (Reuters) – Uber said on Tuesday that paying National Insurance contributions for its British drivers would add tens of millions of pounds to the taxi app’s costs were they to be deemed employees.
Wal-Mart launches $20 billion buyback plan
(Reuters) – Wal-Mart Stores Inc on Tuesday unveiled a $20 billion share buyback plan and forecast U.S. online sales to increase by about 40 percent in the fiscal year ending January 2019.
Pfizer mulling sale of consumer healthcare business
(Reuters) – Pfizer Inc said on Tuesday it was reviewing strategic alternatives for its consumer healthcare business, including a full or partial separation of the unit.
Uber says giving UK drivers worker rights would cost tens of millions of pounds
LONDON (Reuters) – Uber said on Tuesday that treating its British drivers as workers, entitling them to rights such as the minimum wage and holiday pay, would add tens of millions of pounds to the taxi app’s costs.
