Reuters: Business News
|Stock futures flat ahead of Trump speech
U.S. stock index futures were largely flat on Tuesday, as investors turned their focus to a speech by President Donald Trump for clarity on U.S.-China trade relations.
POSTED NOVEMBER 12, 2019 7:58 AM
|Tyson Foods misses quarterly sales estimates
Tyson Foods Inc fell short of Wall Street estimates for quarterly sales on Tuesday, as the No.1 meat processor in the United States was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity.
POSTED NOVEMBER 12, 2019 7:48 AM
|L'Oreal, Nestle score big at Alibaba's Singles' Day shopping fest
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle among the biggest winners, Alibaba data showed.
POSTED NOVEMBER 12, 2019 7:36 AM
|Osram backs AMS takeover as auto downturn triggers 2019 loss
Osram urged shareholders to back a $5 billion takeover bid from Austria's AMS and said it would cut costs and not pay a dividend as it posted a loss for the fiscal year ending in September, hit by a downturn in the auto industry.
POSTED NOVEMBER 12, 2019 7:25 AM
|Factbox: Sensor specialist AMS closes in on lighting group Osram
German lighting group Osram has urged its shareholders to back a $5 billion takeover bid from Austria's AMS after a previous offer at the same price failed last month to win enough backing to proceed.
POSTED NOVEMBER 12, 2019 7:24 AM
|Markets hope for positive signs from Trump trade speech
U.S. President Donald Trump is scheduled to discuss the country's trade policy at the Economic Club of New York on Tuesday, and the markets are likely to hang on every word.
POSTED NOVEMBER 12, 2019 6:35 AM
|Continental, Osram cut costs as autos downturn hits suppliers
Auto suppliers Continental and Osram plan deeper cost cuts after reporting weaker results on Tuesday, as a global slowdown hits the car industry.
POSTED NOVEMBER 12, 2019 6:12 AM
|Nissan cuts profit forecast after 70% quarterly plunge
Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn.
POSTED NOVEMBER 12, 2019 6:00 AM
|Global stocks seek enlightenment from Trump on trade
World shares inched higher on Tuesday as investors awaited a speech by President Donald Trump on U.S. trade policy and on news he was likely to delay a decision on European auto tariffs.
POSTED NOVEMBER 12, 2019 5:07 AM
|Huawei to give staff $286 million bonus for helping it ride out U.S. curbs
Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a U.S. trade blacklisting.
POSTED NOVEMBER 12, 2019 3:36 AM