American Apparel details allegations of sexual misconduct by ousted CEO
LOS ANGELES (Reuters) – Clothing company American Apparel Inc has accused ousted founder Dov Charney of using ethnic slurs against workers and keeping videos on a company server of himself in sex acts with models and employees, recently filed court pap…
Wal-Mart to impose charges on suppliers as its costs mount
(Reuters) – Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world’s largest retailer battles higher costs from wage hikes.
Branson says Virgin Cruises will sail out of Miami in 2020
MIAMI (Reuters) – Richard Branson’s Virgin Cruises will take delivery of three ships capable of carrying nearly 3,000 passengers each starting in early 2020, the British entrepreneur told reporters during a news conference on Tuesday.
Netflix board approves a seven-for-one stock split
(Reuters) – Netflix Inc said on Tuesday its board of directors approved a seven-for-one stock split.
Wall Street edges up in quiet session; Nasdaq ends at record
NEW YORK (Reuters) – U.S. stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close while investors continued to await clarity on whether Greece could reach a deal to prevent defaulting on its loans.
Boeing names Muilenburg CEO, succeeding McNerney
SEATTLE (Reuters) – Boeing Co on Tuesday named Dennis Muilenburg as chief executive officer, effective July 1, succeeding Jim McNerney.
Greek government confident despite backlash over debt deal
ATHENS (Reuters) – Greece’s leftwing government expressed confidence on Tuesday that parliament would approve a debt deal with lenders, despite an angry reaction from some of its own lawmakers who accused it of caving in to pressure for more austerity….
BlackBerry shares fall as doubts on software revenue emerge
WATERLOO, Ontario (Reuters) – BlackBerry shares fell on Tuesday as doubts surfaced about the sustainability of the sharp growth the former smartphone pioneer reported in crucial software revenues, an area BlackBerry’s CEO said he will augment via acqui…
U.S. manufacturing may be stabilizing; housing gains steam
WASHINGTON (Reuters) – A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after hitting a soft patch in recent months.
Crude up 2 percent as U.S. oil products jump; eyes on Iran
NEW YORK (Reuters) – Crude futures rallied around 2 percent on Tuesday, latching onto a rebound in oil products ahead of U.S. inventory data expected to show strong demand for gasoline.
