U.S. oil firms challenge pipeline surcharge for steel tariff
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for...
Toll Brothers profit beat clouded by weakness in orders
Toll Brothers Inc reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new...
Trump, advisers looking at ways to boost U.S. economy as markets fear recession
Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S....
American Airlines to pay $22.1 million U.S. fine over mail delivery times: Justice Department
American Airlines Group Inc , the largest U.S. airline, will pay $22.1 million to settle claims it falsely reported the times it transferred possession of...
PES layoffs accelerate as Philadelphia refinery closes
Refiner Philadelphia Energy Solutions is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union’s president said, ahead of an initial...
Toll Brothers posts lower profit, revenue; sells less homes
Toll Brothers Inc posted lower quarterly profit and revenue on Tuesday, as it sold less homes despite declining mortgage rates....
General Electric stock drop attracts more short-sellers: S3 Partners
Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos...
Walmart sues Tesla over fires at stores fitted with its solar panels
Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores,...
Toll Brothers quarterly profit falls 24%
U.S. luxury homebuilder Toll Brothers Inc posted a 24% fall in quarterly profit on Tuesday, hit by slower demand and shrinking gross margins from home...
DoubleLine’s Jeffrey Gundlach says Federal Reserve has lost control
The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday,...