Abercrombie & Fitch investor calls for buybacks after failed sale
(Reuters) – An investor in Abercrombie & Fitch Co on Tuesday called on the U.S. teen apparel retailer to buy back its shares, following the company’s failed attempt to sell itself.
Silicon Valley mostly quiet in internet surveillance debate in Congress
WASHINGTON (Reuters) – Facebook Inc , Alphabet Inc’s Google , Apple Inc and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would fu…
United Airlines posts higher passenger unit revenue
NEW YORK (Reuters) – United Continental Holdings Inc said on Tuesday passenger unit revenue rose 2.1 percent in the second quarter, but unit operating costs, excluding fuel, rose more than 3 percent as rising labor costs weighed on the industry.
IBM misses revenue estimates, weighed down by legacy businesses
(Reuters) – IBM Corp on Tuesday reported a lower-than-expected quarterly revenue, as growth in its higher-margin businesses that include cloud and artificial intelligence services failed to make up for declines across legacy business segments.
U.S. banks pay up for big deposits as consumers get pennies
(Reuters) – Big U.S. banks are starting to pay corporations, financial firms and rich people more to hold on to their deposits, but ordinary consumers will have to wait longer to see more than a few pennies for every $100 they stash in their accounts.
Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll
HARRISBURG, Pa. (Reuters) – Americans say they love U.S.-made goods. They are less enthusiastic, however, about paying a premium for them.
Chipotle shuts Virginia restaurant on norovirus worries, shares fall
(Reuters) – Chipotle Mexican Grill Inc closed a restaurant in Virginia because of a suspected norovirus outbreak among some diners, sending its shares lower on Tuesday.
Wall Street lays out its wish list for SEC reforms for public companies
WASHINGTON (Reuters) – Executives that represent Wall Street interests pitched ideas on Tuesday about ways to scale back securities regulations that they blamed for stifling the market for initial public offerings.
Daimler to spend $255 million updating diesel cars
FRANKFURT (Reuters) – Daimler said its management board had approved measures to cut diesel pollution including an investment of 220 million euros ($255 million) to update over three million Mercedes-Benz diesel engine cars in Europe.
Harley-Davidson cuts shipments forecast; shares skid
(Reuters) – Harley-Davidson Inc’s shares skidded to a more than one-year low after the motorcycle maker cut its full-year shipments forecast as demand weakens among its aging baby-boomer customers and fewer millennials take to motorcycling.
