Wall St. rebounds, led by industrials, tech
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
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
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
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
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
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
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
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
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
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