 | | | | Nike Inc beat analysts' estimates for first-quarter revenue on Tuesday, as new launches of footwear and apparel fueled sales in North America. | | | | | | Apple Inc shaved some parts from the display in its largest new iPhone, helping keep costs under control in what has become the priciest component of its phones in recent years, according to a new cost analysis of the device. | | | | | | The Dow and S&P 500 ended lower on Tuesday as a boost from the energy sector and strong consumer confidence data was offset by losses in chipmakers and utilities ahead of an expected Federal Reserve interest rate hike. | | | | | | Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after U.S. President Donald Trump called again on OPEC to boost crude output. | | | | | | European shares climbed on Tuesday as oil prices above $80 a barrel lifted energy stocks, while U.S. stocks slid on losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike. | | | | | | Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals. | | | | | | Michael Kors' swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out. | | | | | | Qualcomm Inc on Tuesday accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel's improved semiconductors, which may have cost Qualcomm billions of dollars in lost sales. | | | | | | Dunkin' Donuts said on Tuesday it plans to rebrand itself as "Dunkin'" as part of new CEO Dave Hoffman's plans to bring beverages and breakfast meals to the forefront of the restaurant chain's menu. | | | | | | A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck", a day after both sides heaped fresh tariffs on each other's goods. | | | | | |
