Commutee

Wall St. rebounds, led by industrials, tech

July 31, 2018 by  
Filed under News

U.S. stocks bounced back on Tuesday as industrial and technology stocks pulled the market higher on news of a possible easing of tariff tensions between the United States and China.


Source: Reuters Business News

Chipotle slumps 9 percent after Ohio outlet linked to food poisoning complaints

July 31, 2018 by  
Filed under News

More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday.


Source: Reuters Business News

Cummins to recall 500,000 U.S. trucks over faulty emissions part

July 31, 2018 by  
Filed under News

Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks in the United States to correct a faulty emissions control system in the engines it made for the trucks, the U.S. Environmental Protection Agency said on Tuesday.


Source: Reuters Business News

Pfizer CEO believes U.S. will eliminate rebates on prescription drugs

July 31, 2018 by  
Filed under News

Pfizer Inc Chief Executive Ian Read said on Tuesday that he believes the Trump administration intends to eliminate rebates on prescription drug purchases, but he does not know how quickly such a policy could be implemented.


Source: Reuters Business News

Pfizer CEO expects Trump to eliminate drug rebates

July 31, 2018 by  
Filed under News

Pfizer Inc Chief Executive Ian Read said on Tuesday he believes the Trump administration intends to stop the practice of allowing rebates on prescription drug purchases, suggesting that U.S. drug pricing reforms may focus on middlemen rather than drugmakers.


Source: Reuters Business News

Starbucks and China's Alibaba to partner on delivery: media reports

July 30, 2018 by  
Filed under News

Starbucks Corp and e-commerce company Alibaba Group Holding Ltd are set to join forces on coffee delivery, according to media reports, as the coffee retailer seeks to rebound from a sales slump in the once-booming China market.


Source: Reuters Business News

GE looking to sell its digital assets: WSJ

July 30, 2018 by  
Filed under News

General Electric Co is looking to sell key parts of its digital business, the Wall Street Journal reported.


Source: Reuters Business News

Caterpillar paints upbeat picture of global economy

July 30, 2018 by  
Filed under News

Caterpillar Inc on Monday gave a promising outlook for the global economy despite ongoing trade tensions and mounting cost concerns, and the heavy equipment maker lifted its full-year earnings forecast after quarterly profits nearly doubled.


Source: Reuters Business News

Nasdaq falls for third straight session as FAANGs slide

July 30, 2018 by  
Filed under News

The Nasdaq Composite was on track to post its third straight session of more than 1 percent declines for the first time in three years, as disappointing forecasts from technology and internet companies sparked growth worries.


Source: Reuters Business News

Wary of China's rise, Pompeo announces U.S. initiatives in emerging Asia

July 30, 2018 by  
Filed under News

U.S. Secretary of State Mike Pompeo announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia on Monday, at a time when China is pouring billions of dollars in investments into the region.


Source: Reuters Business News

Next Page »