Wall Street stabilizes after Monday’s steep declines
(Reuters) – The Dow and S&P 500 finished slightly higher on Tuesday, stabilizing after a weak start to the new year, though investor nervousness stayed high.
U.S. auto sales in 2015 set record after strong December
DETROIT (Reuters) – Automakers on Tuesday set a new U.S. sales record for 2015 even as December sales fell short of expectations, and most forecasters said sales should rise to another record this year.
Exclusive: Verizon launches auction to sell data centers – sources
(Reuters) – Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core busine…
Yum Brands’ Chairman David Novak to retire in May
(Reuters) – Yum Brands Inc , the owner of Pizza Hut and KFC restaurant chains, said executive chairman and former CEO David Novak plans to retire in May.
Wal-Mart supplier recalls 90,000 lbs of potentially contaminated meat
(Reuters) – A supplier to Wal-Mart Stores Inc , the world’s largest retailer, has recalled about 90,000 pounds of beef products that may be “contaminated with extraneous wood materials”, the U.S. Agriculture Department said in a release on its website….
Wall St. watchdog homes in on high-frequency trades to combat spoofing
(Reuters) – Wall Street’s industry-funded watchdog is ramping up its scrutiny of high-frequency trading firms as efforts to manipulate U.S. markets through the technology grow more sophisticated, the regulator’s chief said on Tuesday.
U.S. airlines raise fares $3 in first sector-wide hike since June
NEW YORK (Reuters) – The top U.S. airlines said Tuesday that they have raised fares in the first industry-wide hike since June, moves that may offset increasing labor costs but draw the ire of customers.
Whistleblower sues Viacom, alleges Ninja Turtles tax fraud plan
NEW YORK (Reuters) – Viacom Inc was sued by a former vice president who said the media company fired her in retaliation for opposing its alleged plan to illegally avoid paying U.S. taxes on the international licensing rights for Teenage Mutant Ninja Tu…
Samsung urges U.S. court to overturn $120 million patent verdict for Apple
WASHINGTON (Reuters) – Samsung Electronics Co Ltd urged a U.S. appeals court on Tuesday to find that a jury in 2014 should not have made the South Korean company pay nearly $120 million to Apple Inc for infringing three patents.
Deutsche Bank cuts U.S. GDP forecasts
NEW YORK (Reuters) – Deutsche Bank economists on Tuesday reduced their forecast on U.S. economic growth in the fourth quarter of 2015 and first quarter of 2016 due to recent disappointing data on trade, construction spending and manufacturing activity….
