Daily Investor Update: U.S. agency says Tesla safety claim goes beyond its analysis

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U.S. agency says Tesla safety claim goes beyond its analysis

Tesla Inc claimed its Model 3 electric car has the lowest risk of occupant injury of any vehicle in U.S. government tests, but the National Highway Traffic Safety Administration on Tuesday said the claim goes beyond the scope of its analysis.

P&G gets steel tariff exemption for Gillette, Venus razors

Procter & Gamble Co was informed on Tuesday that it is now exempt from the 25 percent U.S. tariff levied on imported Japanese and Swedish steel that is used in its Gillette and Venus razor blades, a company spokesman told Reuters.

Google unveils new Pixel phone, adds tablet in Apple challenge

Alphabet Inc's Google on Tuesday unveiled the third edition of its Pixel smartphone, a Google Home smart speaker with a display and its first tablet computer as it makes a come-from-behind push into hardware.

Wall St. stalls as global worries trounce materials stocks

Wall Street's major indexes failed to make much progress on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks.

At least two U.S. attorneys general investigating Google glitch

At least two U.S. states are investigating a breach at Alphabet Inc's Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers.

Activist investor Ackman unveils $900 million position in Starbucks

William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp as he sees a chance for the world's biggest coffee chain to reignite growth even as it struggles with stagnant sales in its home market.

Walmart Canada exploring possible sale of cannabis-based products

Walmart Inc's Canadian unit said on Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to get into the business.

Exclusive: EU privacy chief expects first round of fines under new law by year-end

Regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end of the year, the bloc's privacy chief said.

Google challenges record $5 billion EU antitrust fine

Alphabet unit Google on Tuesday challenged a record 4.34-billion euro ($5 billion) fine imposed by European Union antitrust regulators three months ago for using its popular Android mobile operating system to thwart rivals.

Boeing surprises with jump in September plane deliveries

Boeing Co delivered 61 of its best-selling 737 single-aisle aircraft in September, unexpectedly surging past numbers for August and suggesting manufacturing problems at suppliers may be easing.

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