Wall Street closes lower as investors ready for earnings
(Reuters) – Wall Street closed slightly lower on Monday, with gains in materials and banks countered by declines in consumer staples shares, as investors girded for the start of an earnings season expected to be gloomy.
Under Armour drops as Wall Street traders focus on Spieth meltdown
SAN FRANCISCO (Reuters) – Shares of sports apparel maker Under Armour dropped nearly 6 percent on Monday, a day after defending champion Jordan Spieth lost the Masters golf tournament in a shocking meltdown.
Alcoa profit falls; demand seen growing faster than supply
CHICAGO (Reuters) – Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, but the company’s top executive said he expected aluminum de…
Charter CEO meets with FCC chairman on cable acquisitions
WASHINGTON (Reuters) – The chief executive officer of Charter Communications Inc met last week with the head of the U.S. Federal Communications Commission (FCC) on the cable company’s proposed acquisition of Time Warner Cable Inc and Bright House Net…
Options investors cautious as consumer staples earnings loom
NEW YORK (Reuters) – Consumer staples stocks have served investors well through the last 12 months of market turmoil, but with quarterly earnings around the corner, activity in the options market spells caution.
SEC charges Texas attorney general for stock scam
(Reuters) – U.S. regulators charged Texas Attorney General Ken Paxton on Monday for his alleged role in a stock scam that defrauded investors in a Texas-based technology company called Servergy Inc.
U.S. planemaker Boeing discusses sales in Iran
DUBAI (Reuters) – A delegation from Boeing has visited Iran to discuss sales of jetliners, the secretary of Iran’s Aviation Companies Association said on Monday, as the U.S. planemaker seeks to ensure its European rival Airbus does not steal a march i…
Dell’s SecureWorks valued at $1.42 billion in year’s first tech IPO
(Reuters) – Dell Inc’s [DI.Ul] cyber security unit, SecureWorks Corp, could be valued at up to $1.42 billion in its initial public offering, the first major U.S. listing of a technology company this year.
Tesla to recall 2,700 Model X SUVs over seat issue
SAN FRANCISCO (Reuters) – Tesla Motors Inc will recall 2,700 Model X sport utility vehicles in the United States due to a faulty locking hinge in the third-row seats that increases the risk the seats could fall forward in a crash, the electric car mak…
Volkswagen delays recall of 160,000 cars due to software glitch
HAMBURG (Reuters) – Volkswagen will slightly delay the recall of 160,000 Passat and Skoda cars in Europe after software updates aimed at fixing emission violations failed to work, it said on Monday.
