Tuesday 10 July 2018

U.S. stocks rise on earnings optimism; dollar gains

U.S. stocks rise on earnings optimism; dollar gains

The S&P 500 stock index closed at a more than five-month high on Tuesday, boosted by expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as waning trade war fears drove a bid for riskier assets.

U.S. judge allows lawsuits over Monsanto's Roundup to proceed to trial

Hundreds of lawsuits against Monsanto Co by cancer survivors or families of those who died can proceed to trial, a federal judge ruled on Tuesday, finding there was sufficient evidence for a jury to hear the cases that blame the company's glyphosate-containing weed-killer for the disease.

Former Apple employee charged with criminal theft of trade secrets

U.S. authorities on Monday charged a former Apple Inc employee with theft of trade secrets, alleging that the person downloaded a secret blueprint related to a self-driving car to a personal laptop and later trying to flee the country, according to a criminal complaint filed in the U.S. District Court for the Northern District of California.

Boeing's first-half deliveries up seven percent, orders surge past Airbus

Boeing Co's first-half aircraft deliveries rose more than 7 percent, lifted by demand for its bestselling 737 jetliners as airlines seek more fuel-efficient planes, and orders were more than double those of European rival Airbus SE .

Airbus wins JetBlue order for its newly rebranded A220

Airbus SE scored a key victory on Tuesday, with U.S. airline JetBlue announcing it would buy 60 of its A220-300 narrowbody jets, the first major order for the planemaker's newly rebranded program as its battle with rival Boeing Co intensifies.

S&P 500 climbs on PepsiCo results, earnings optimism

The S&P 500 extended recent gains to post its highest close since Feb. 1 on Tuesday as strong results from PepsiCo Inc boosted optimism about the earnings season.

Tesla goes big in China with Shanghai plant

Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker's global manufacturing.

SEC charges ex-Heartland Payment CEO with insider trading

The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping his longtime romantic partner about the payment processor's $4.3 billion takeover by Global Payments Inc .

Old fashion: Vintage boom buoys RealReal and jolts luxury labels

Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.

RSA's Martin Scicluna lined up to chair Sainsbury's: Sky News

Sainsbury's , the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday.

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