Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday. Walgreens’ share price is higher … …read more […]
(Reuters) – Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.
Oracle, which has cloud deals with AT&T (T.N) and Bank of America (BAC.N), is a late entrant to the cloud business and has been trying to catch up with rivals such as Amazon.com (AMZN.O), Microsoft (MSFT.O) and Salesforce.com (CRM.N). Oracle Chairman Larry Ellison said some of the company’s largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud. AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud, Ellison said. …read more […]
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.
(Reuters) – Starbucks Corp on Tuesday forecast global comparable store sales for the current quarter below estimates and said it would close more cafes as the coffee chain continues to face increased competition from upscale coffee houses and fast-food chains.
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.
(Reuters) – ZTE Corp and the U.S. government are still working on an escrow agreement that must be completed and funded with $400 million before a ban on the Chinese company can be lifted, a U.S. official told Reuters on Tuesday.
WASHINGTON/NEW YORK (Reuters) – Bank of America Corp’s Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
WASHINGTON (Reuters) – The newly appointed head of the Federal Deposit Insurance Corporation (FDIC) said on Tuesday said she plans to review the decades-old system for measuring lenders’ financial health, which banks say is outdated.
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled the markets, though the three major indexes pared losses from earlier in the session.
DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services.
This analyst seems to think so. …read more […]
The lawyer for slain rapper XXXTentacion said Tuesday that detectives believe he was fatally shot in a random robbery while likely planning to buy a motorcycle at an upscale shop near a low-income neighborhood in South Florida. Attorney David Bogenschutz said investigators also told him the 20-year-old rapper, who pronounced his stage name “Ex Ex Ex ten-ta-see-YAWN,” had visited a bank shortly before the shooting and possibly withdrew cash for the purchase. XXXTentacion, whose real name was Jahseh Dwayne Onfroy, was exiting the shop’s parking lot in his luxury BMW electric car when he was shot. …read more […]
WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.
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