Uber partially wins ruling to potentially halt California drivers’ suit outcome
(Reuters) – Uber Technologies Inc [UBER.UL] partially won a ruling that could potentially put a hold on the outcome of a lawsuit against the ride service, placed by California drivers over their employment status.
Turing Pharma seeks CEO to replace Shkreli, plans job cuts
(Reuters) – Turing Pharmaceuticals said on Tuesday it is seeking a new chief executive to replace Martin Shkreli, the price-gouging entrepreneur who is facing U.S. charges of securities fraud, and will cut jobs in a restructuring.
Nike’s futures orders surge as demand in China, North America soars
(Reuters) – Nike Inc , the world’s largest footwear maker, reported futures orders that breezed past analysts’ estimates, powered by strong demand in North America and China.
Pentagon eyes proposal for M&A changes in ‘weeks’
WASHINGTON (Reuters) – The Pentagon and other U.S. government agencies should complete a legislative proposal in coming weeks to let regulators block proposed mergers for national security reasons, instead of just antitrust concerns, a top official sai…
Pentagon eyes proposal for M&A changes in ‘weeks’
WASHINGTON (Reuters) – The Pentagon and other U.S. government agencies should complete a legislative proposal in coming weeks to let regulators block proposed mergers for national security reasons, instead of just antitrust concerns, a top official tol…
Micron forecasts surprise loss for current quarter
(Reuters) – Micron Technology Inc forecast a surprise loss for the second quarter, as the memory chipmaker struggles with weak demand for chips used in personal computers and lower average selling prices.
Oil prices bounce off 11-year lows, bearish outlook caps gains
NEW YORK (Reuters) – Brent crude touched an 11-year low on Tuesday, rebounding slightly after settlement, as a bearish outlook for 2016 and weaker profits for refining oil products kept a lid on gains.
Wall Street posts gains as oil prices stabilize
NEW YORK (Reuters) – Wall Street climbed on Tuesday, buoyed by energy shares as sliding oil prices stabilized and by fairly healthy data on U.S. economic growth, while the dollar fell for a third consecutive session.
Nike sales rise 4.1 percent as demand jumps in North America
(Reuters) – Nike Inc , the world’s largest footwear maker, reported a 4.1 percent rise in quarterly revenue as demand rose for its shoes and apparel in North America.
Wall Street rally sends Dow up 1 percent
(Reuters) – Wall Street rallied across the board on Tuesday after oil prices recovered slightly and data showed that the U.S. economy grew at a fairly healthy clip in the third quarter.
