Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.
The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, said on Tuesday that it has sent warning letters to eight companies to insist that they distinguish in advertisements between diamonds that come from mines and those made in laboratories.
Canada’s auto sales fell 2.5 percent in March from a year earlier, marking the 13 straight months of declines, according to industry data released on Tuesday.
The United States and China “expect to make more headway” in trade talks this week, White House economic adviser Larry Kudlow said on Tuesday as the top U.S. business lobbying group said differences over an enforcement mechanism and the removal of U.S. tariffs were still obstacles to a deal.
PG&E Corp is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday.
American International Group Inc paid its chief executive officer, Brian Duperreault, about $20.9 million last year, a proxy filing showed on Tuesday.
The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday’s strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.
A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer’s equipment will spark more destructive wildfires in wooded areas of California.
A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company’s image, France’s finance minister said in remarks published on Tuesday.
World stock markets were little changed on Tuesday but still managed to touch a six-month high as investors took a breather following a three-day run of gains while the possibility of tightening supply kept oil prices on the rise .
Harley-Davidson Inc’s workers in Milwaukee and Tomahawk, Wisconsin, have rejected the motorcycle maker’s proposal for a five-year contract, their union said on Tuesday, citing non-financial issues such as temporary workers and job security.
The U.S. Senate Commerce Committee is investigating claims by a number of whistleblowers that aviation safety inspectors, including some who worked to evaluate the now-grounded Boeing 737 MAX, were not properly trained or certified, the committee chairman said on Tuesday.
A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer’s equipment will spark more destructive wildfires.
U.S. stocks stalled on Tuesday as a decline in shares of Walgreens Boots Alliance Inc weighed on the S&P 500 and the Dow Jones Industrial Average and economic data did little to ease growth concerns.
Members of the Sackler family behind OxyContin maker Purdue Pharma LP have asked a judge to toss a lawsuit by Massachusetts’ attorney general claiming they helped fuel the U.S. opioid epidemic, arguing it contains “misleading and inflammatory allegations.”
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