Wal-Mart eliminates more corporate jobs
CHICAGO (Reuters) – Wal-Mart Stores Inc said on Tuesday it is eliminating more U.S. corporate jobs this month, even as it invests in improving its e-commerce operations and in regaining its low-cost pricing advantage in the U.S. retail sector.
Lyft lands $600 million in fresh funding; company valued at $7.5 billion
SAN FRANCISCO (Reuters) – Ride-services company Lyft has raised $600 million in fresh funding, fuel for the company’s growth as it continues to compete fiercely with larger rival Uber Technologies Inc [UBER.UL].
U.S. small businesses expect continued 2017 growth
WASHINGTON (Reuters) – U.S. small businesses expect stronger revenue this year and many anticipate adding employees, a generally optimistic read that could support job growth in coming months, the New York Fed reported on Tuesday.
United Airlines faces mounting pressure over hospitalized passenger
(Reuters) – United Airlines and its chief executive faced mounting pressure on Tuesday from a worldwide backlash over its treatment of a passenger who was dragged from his seat on a plane on Sunday to make room for four employees on the overbooked fli…
Trump’s message to bankers: Wall Street reform rules may be eliminated
WASHINGTON (Reuters) – President Donald Trump told a group of chief executives on Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with “something else.”
Exclusive: OPEC figures show oil output cuts exceed pledge in March – sources
DUBAI/LONDON (Reuters) – OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production …
U.S. job openings rise to seven-month high in February
WASHINGTON (Reuters) – U.S. job openings rose to a seven-month high in February while the pace of hiring slipped, pointing to a growing skills mismatch and a further tightening of labor market conditions.
South African tumult hinders Barclays’ exit from continent
JOHANNESBURG (Reuters) – Barclays’ plan to sell its African business and pull out of the continent are being hindered by South Africa’s political upheaval and credit-rating downgrades, according to banking sources and fund managers.
Audi picks lower cost eastern European sites to build new SUVs
BERLIN (Reuters) – Audi will expand its lineup of higher margin sport-utility vehicles (SUVs) and assemble two new models at lower cost plants in eastern Europe, the German premium carmaker said on Tuesday, as it strives to boost profitability.
Wall Street ends down; geopolitical risks weigh ahead of earnings
NEW YORK (Reuters) – U.S. stocks ended down but well off the day’s lows on Tuesday, with concern over geopolitical risks weighing on sentiment as investors readied for the start of U.S. corporate earnings reports.
