NEW YORK (Reuters) – United Airlines’ chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures.
Google-parent Alphabet (GOOGL.O) sank 4.9 percent, erasing all its gains for the year, as investors focused on the company’s rising expenses and shrinking margins rather than a profit beat. Caterpillar (CAT.N) sank 6.6 percent after it warned of the impact of steel price hikes on its business. The stock had gained as much as 4.6 percent earlier on a strong set of quarterly results and full-year outlook. …read more […]
(Reuters) – Wall Street dropped sharply on Tuesday as concerns over marquee companies warning of higher costs were exacerbated by the benchmark U.S. 10-year Treasury yield piercing the 3-percent level for the first time in four years.
BERLIN (Reuters) – Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm’s chief executive.
NEW YORK (Reuters) – Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.
Apple has just released iOS 11.3.1, which promises to fix a bug affecting …read more […]
WASHINGTON (Reuters) – U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter.
LOS ANGELES (Reuters) – The largest U.S. manager of prescription benefits is telling drugmakers that the current pricing model is broken, and taking aim at Amgen Inc , Eli Lilly and Co and other makers of new migraine medicines to try and fix it.
NEW YORK (Reuters) – Herbalife Ltd. commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows.
(Reuters) – Shares of Google parent Alphabet Inc lost more than 5 percent on Tuesday as a surge in costs drove what analysts said was its biggest ever contraction in gross margins, overshadowing strong first-quarter ad sales.
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that a new NAFTA trade deal could be completed quickly, as ministers from Canada, Mexico and the United States prepared to meet later in the day to try to work out their differences and hash out an agreement.
WASHINGTON (Reuters) – Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump and pose a fire risk.
CHICAGO (Reuters) – Citigroup Inc Chairman Mike O’Neill said all options were being considered to find a successor to replace him when he steps down in the next 12 months, after reaching the retirement age of 72.
(Reuters) – Coca-Cola Co said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018.
(Reuters) – A sharp drop in so-called ‘FAANG’ group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure.
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