Peabody makes fresh U.S. stock debut after bankruptcy exit
CHICAGO (Reuters) – U.S. coal miner Peabody Energy Corp returned to the New York Stock Exchange on Tuesday after emerging from a year-long $8 billion Chapter 11 bankruptcy with far less debt and an industry champion in the White House.
BMW pulls advertising from Fox News’ ‘O’Reilly Factor’
(Reuters) – BMW of North America has suspended its advertising on Fox News’ “The O’Reilly Factor” program after the New York Times reported Fox and star host Bill O’Reilly paid five women to settle claims he sexually harassed them, a BMW spokesman said on Tuesday.
McDonald’s faces complaints in Europe over franchise terms
BRUSSELS (Reuters) – French, German and Italian groups urged their national antitrust enforcers on Tuesday to look into alleged anti-competitive practices by McDonald’s , potentially putting the U.S. fast-food chain on course for multiple investigation…
Delta Air cuts forecast for key revenue measure again
(Reuters) – Delta Air Lines Inc on Tuesday lowered its forecast for a closely watched revenue measure for the second time in less than a month, citing slower-than-expected improvement in average fares for flights booked at the last minute.
Ralph Lauren to cut jobs, close flagship Fifth Avenue Polo store
(Reuters) – Ralph Lauren Corp said on Tuesday it would cut jobs and shut its flagship Polo store on Fifth Avenue in New York City, among other office and store locations, as part of a cost-cutting plan.
Wall St. flat as investors await China meeting, earnings season
(Reuters) – U.S. stocks were little changed on Tuesday, as investors stayed on the sidelines ahead of the first-quarter earnings season and fretted about President Donald Trump’s ability to deliver on tax reform and other promises.
German judge condemns lack of transparency at Audi dieselgate hearing
HEILBRONN, Germany (Reuters) – A German judge has condemned the lack of transparency over Volkswagen’s emissions scandal and said the dearth of information was obstructing the settlement of a related case brought by a former employee of VW subsidiary …
U.S. trade deficit falls from two-year high on weak imports
WASHINGTON (Reuters) – The U.S. trade deficit fell from a near two year high in February as slowing domestic demand weighed on imports and stronger global growth boosted exports of American goods.
Toshiba seeks new loan, offers memory chip unit stake as collateral: sources
TOKYO (Reuters) – Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm’s growing financial woes as it braces for a multi-billion dollar l…
U.S. business seeks action, not trade war, in Xi-Trump summit
BEIJING/WASHINGTON (Reuters) – Although worried about the prospect of a trade war, American businesses operating in China nonetheless want President Donald Trump to wring some concessions on market access from China’s leader Xi Jingping when the two me…
