Ford sets a special $1 billion dividend, but profit outlook disappoints
(Reuters) – Ford Motor Co on Tuesday declared a $1 billion supplemental cash dividend, but its outlook for 2016 profit failed to exceed Wall Street’s estimates, sending its stock down in after-hours trading.
MetLife plans to split off U.S. retail business; shares rise
(Reuters) – MetLife Inc , the largest U.S. life insurer, plans to separate a substantial portion of its U.S. retail business from the core company, saying on Tuesday that the “regulatory environment” helped drive its decision.
Pfizer, Allergan say combined drug pipeline ‘underappreciated’
NEW YORK (Reuters) – The research chiefs of betrothed drugmakers Pfizer Inc and Allergan say the proposed combination of their experimental drugs deserves more credit, including potential blockbuster treatments for schizophrenia and depression.
Shire says internal synergy goals from Baxalta deal higher
(Reuters) – The chief executive of rare disease drugmaker Shire Plc on Tuesday suggested that the company could achieve much higher cost savings from its planned $32 billion acquisition of Baxalta than what was announced with the deal on Monday.
Google will add more partners for self-driving cars: exec
DETROIT (Reuters) – Alphabet Inc’s Google wants to form more partnerships with established automakers and suppliers this year to accelerate its work on self-driving cars, the head of the Google project said on Tuesday.
Icahn says he does not have any position in Time Warner
(Reuters) – Billionaire activist investor Carl Icahn said on Tuesday he did own any stake in media company Time Warner Inc.
Energy, biotech help lift Wall St. to second day of gains
(Reuters) – A late rebound in energy and biotech shares helped push the S&P 500 to a second straight day of gains on Tuesday, while Apple and other technology shares also boosted the market.
California board rejects Volkswagen’s diesel fix plan
(Reuters) – The California Air Resources Board said on Tuesday it rejected Volkswagen AG’s plan to fix 2.0 liter diesel cars equipped with software that allows them to emit up to 40 times legally allowable pollution.
Norfolk Southern to consolidate Virginia units to cut costs
(Reuters) – U.S. railroad operator Norfolk Southern Corp , which has repeatedly rejected Canadian Pacific Railway Ltd’s takeover bid, said it will consolidate its Virginia and Pocahontas units, to cut costs and support growth.
Metlife plans to separate U.S. retail business; shares rise
(Reuters) – Metlife Inc , the largest U.S. life insurer, said it plans to separate a substantial portion of its U.S. retail business.
