Fidelity to review ties with money manager after ‘inappropriate’ comments
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it...
Wall Street advances as earnings season hits the road running
Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to...
GM, union close to deal to end month-long UAW strike: sources
General Motors Co and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker...
Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move...
Buffett’s Berkshire seeks Fed leeway to boost BofA bet: Bloomberg
Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level,...
WeWork bond prices at record low on possible debt-heavy financing deal
The price of WeWork’s U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company...
Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint
Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs...
Wall Street gains after strong start to earnings season
Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China...
New Pratt engine checks after Swiss A220 diverts to Paris
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an...
Goldman profit slammed by souring WeWork, Uber bets
Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber...