Wall Street slips as financials drag, trade outlook clouds
Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty...
Purdue Pharma offers $10 billion-$12 billion to settle opioid claims: NBC
OxyContin maker Purdue Pharma and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion to...
U.S. yield inversion deepens, stokes recession fears
The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on...
Stocks trade flat as recession fears simmer, gold gains
A gauge of global equities traded little changed on Tuesday, pulled lower by sliding stocks on Wall Street as prospects of a U.S.-China trade deal...
Papa John’s hires Arby’s head as CEO to drive turnaround
Papa John’s International Inc on Tuesday named Arby’s Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months...
SEC fines audit firm RSM $950,000 to settle independence violation claim
The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated...
New York Fed among six banks voting in July for no change in discount rate
Underscoring discord at the U.S. central over interest-rate policy, directors at half of the Federal Reserve’s regional Fed banks — including those at the influential...
BP exits Alaska with $5.6 billion sale to Hilcorp
British oil major BP said on Tuesday it had agreed to sell its Alaskan operations for $5.6 billion to privately held oil and natural gas...
Philip Morris in merger talks with Altria; e-cigs at stake
Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies in a bid...
Oil turns lower as stock market weakens on trade deal uncertainty
Oil prices were steady to soft on Tuesday, paring earlier gains along with the stock market lower as China dampened optimism for a trade deal...