Tesco faces new legal action over accounting scandal
LONDON (Reuters) – Britain’s biggest retailer Tesco PLC is facing a new claim for damages from an investor about its 2014 profit overstatement, the company said on Tuesday.
Texas Instruments quarterly revenue beats on automotive demand
(Reuters) – Chipmaker Texas Instruments Inc reported higher-than-expected quarterly revenue, helped by strong demand for its analog and embedded chip products from the automotive and industrial markets.
PepsiCo using Super Bowl to launch new premium water brand
(Reuters) – PepsiCo said on Tuesday it will use its pricey spot during next month’s Super Bowl to unveil a premium bottled water brand, Lifewtr, as the beverage industry faces declining consumption of sugary sodas.
Hard-drive maker Seagate’s revenue, profit beat estimates
(Reuters) – Hard-disk drive maker Seagate Technology Plc reported higher-than-expected profit and revenue, helped by strong demand for its cloud-based storage products.
CN Rail revenue rises two percent on higher freight volumes
(Reuters) – Canadian National Railway Co reported a 2 percent rise in quarterly revenue on Tuesday as the railroad moved higher volumes of Canadian grains and U.S. soybeans, refined petroleum products, finished vehicles and petroleum coke.
How Russia sold its oil jewel: without saying who bought it
MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records the full…
Italy’s Intesa SanPaolo confirms examining possible tie-up with Generali
MILAN (Reuters) – Italian banking and insurance group Intesa SanPaolo confirmed on Tuesday it was examining a possible tie-up with insurer Assicurazioni Generali .
Toyota Motor to add 400 jobs at Indiana assembly plant
TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the co…
Wells Fargo to stop giving branches advance notice of inspections
(Reuters) – Wells Fargo & Co will eliminate its policy of notifying branches a day in advance before they are visited by internal inspectors, a bank spokeswoman said on Tuesday.
Ex-Goldman programmer’s code theft conviction reinstated by New York court
NEW YORK (Reuters) – A New York state appeals court on Tuesday reinstated the criminal conviction of former Goldman Sachs Group Inc programmer Sergey Aleynikov for stealing computer code from the bank as he prepared to jump to a high-speed trading sta…
