GameStop halts dividend as console sales slow; shares fall 26%
GameStop Corp shares plunged 26% on Tuesday after the video games retailer halted its quarterly dividend and reported a 13.3% fall in first-quarter revenue that...
British money manager Woodford’s star wanes over locked fund gate
Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is...
Exclusive: Promising thousands of U.S. jobs, Foxconn offshored 155 to Mexico
Foxconn has offshored more than 150 U.S. jobs to Mexico, according to the Labor Department, even as it struggles to meet job-creation targets promised as...
San Francisco city hires adviser to explore potential acquisition of PG&E assets
The San Francisco Public Utilities Commission said on Tuesday it has hired an adviser to explore the potential acquisition of PG&E Corp’s distribution assets, sending...
Trump defies own party to push ahead with Mexican tariff threat
Defying increasing criticism from within his own party, U.S. President Donald Trump said on Tuesday he would likely go ahead with new tariffs on imports...
Global stocks rally on U.S. rate-cut hopes, bond yields rise
Global stock indexes rallied on Tuesday and U.S. stocks registered their biggest one-day gains in five months as Federal Reserve Chairman Jerome Powell seemed to...
Former French Justice minister Dati probed over fees paid by Renault-Nissan
Former French Justice Minister Rachida Dati is being probed over consulting fees she has received from the Renault-Nissan strategic partnership, France’s financial prosecutor office said...
Wall Street soars on U.S. rate cut hopes
Wall Street’s three major indexes rallied on Tuesday to clock their biggest one-day gains in five months after Federal Reserve Chair Jerome Powell left the...
U.S. stocks surge on comment by Fed’s Powell
Wall Street’s three major indexes clocked their biggest one-day gains in five months on Tuesday after Federal Reserve Chair Jerome Powell left the door open...
Departures at South African state firms could drag out Ramaphosa’s reforms
President Cyril Ramaphosa’s mission to fix two of South Africa’s most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer...
