Papa John’s hires Arby’s head as CEO to turnaround struggling pizza chain
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...
Weak dog food sales hit Smucker results; shares tumble
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, as sales of its Nutrish dog food brand were...
Philip Morris in merger talks with Altria; e-cigs a focus
Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies after more than...
Mercedes Benz Brazil to invest 1.4 billion reais for new trucks, but exports still weak
The Brazil unit of Mercedes Benz, the local market leader in trucks and buses, said on Tuesday it will invest 1.4 billion reais ($340 million)...
Thiel’s Founders Fund sells remaining Facebook shares
Early Facebook Inc backer, Founders Fund, has sold all of its holdings in the social media giant as part of a previously established trading plan...
Oil up 1% as hopes grow for U.S.-China trade breakthrough
Oil prices rose more than 1% on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming...
Wall Street opens higher, trade hopes build
U.S. stocks opened higher on Tuesday as investors held their hopes on a resolution to the prolonged trade dispute between the world’s two largest economies...
Ericsson, Deutsche Telekom team up for industrial 5G services in Germany
Ericsson and Deutsche Telekom will team up to tap rising demand for mobile technology at industrial sites in Germany, as communications providers seek local uses...
Lower pet food demand hits Smucker results, shares fall
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, hit by weak sales of its pet food, coffee...
Stock futures edge higher as investors weigh mixed signals on trade war
U.S. stock index futures recovered from overnight declines on Tuesday, pointing to a positive start for Wall Street as investors assessed conflicting comments from Washington...