JPMorgan’s Dimon defends Trump advisory role, deregulation
NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help “any president” in office.
China’s Lenovo announces restructuring to focus on consumer
HONG KONG (Reuters) – Lenovo Group Ltd announced a plan to restructure its China business to cope with the changing personal computer (PC) industry.
S&P 500, Dow end session flat, tech boosts Nasdaq
NEW YORK (Reuters) – The S&P 500 and the Dow ended Tuesday’s session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks.
Mexico’s Coca-Cola Femsa ditches plans to buy U.S. operations
MEXICO CITY (Reuters) – Mexico’s Coca-Cola Femsa , the world’s largest Coke bottler, said on Tuesday it has abandoned plans to acquire certain territories in the United States after thorough analysis and negotiations with The Coca Cola Company .
U.S. factory output surges in April; homebuilding stumbles
WASHINGTON (Reuters) – U.S. manufacturing production recorded its biggest increase in more than three years in April, bolstering the view that economic growth picked up early in the second quarter despite a surprise decline in homebuilding.
Saudi sale of the century lures foreign investment banks, PE firms
DUBAI (Reuters) – One of the world’s largest privatization programs is drawing foreign investment banks and private equity (PE) firms to Saudi Arabia, despite the prospect of low fees and an uncertain regulatory environment.
Yahoo to buy back $3 billion shares in tender offer
(Reuters) – Yahoo Inc said on Tuesday it would buy back up to $3 billion shares through a tender offer to provide liquidity to stockholders looking to sell the stock ahead of the company’s pending deal with Verizon Communications Inc.
Iran Air takes delivery of its first four ATR 72-600s planes
PARIS (Reuters) – Iran Air has received the delivery of its first four ATR 72-600s planes, ATR said on Tuesday, in a deal which forms part of plans to rebuild the airline’s fleet after nuclear-related sanctions against Iran were lifted last year.
Home Depot’s profit tops on higher sales of big-ticket items
(Reuters) – Home Depot Inc’s first-quarter profit and same-store sales topped estimates as customers spent more on expensive items such as appliances and flooring and roofing materials.
Japan urges Toshiba, Western Digital to get along as chip spat flares
TOKYO (Reuters) – Japan’s government said on Tuesday it wanted Toshiba Corp and partner Western Digital Corp to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba’s chip unit.
