 | | | | A former executive at Valeant Pharmaceuticals International Inc and the former head of a start-up mail-order pharmacy were sentenced to one year in prison on Tuesday after being convicted of defrauding the drugmaker through a secret kickback scheme. | | | | | | General Electric Co slashed its dividend on Tuesday, said it faces a deepening federal accounting probe and vowed to restructure its power unit, as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate. | | | | | | A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba's annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes. | | | | | | Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs. | | | | | | General Electric Co shareholders were dealt yet another blow on Tuesday. | | | | | | Facebook Inc on Tuesday beat analysts' profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years. | | | | | | Bain Capital and CVC Capital Partners are among the private equity firms competing to acquire Papa John's International Inc , the world's third-largest pizza delivery company, people familiar with the matter said on Tuesday. | | | | | | Major U.S. stock indexes jumped more than 1 percent on Tuesday, helped by strong gains for chip and transport stocks as investors took advantage of cheaper prices following a steep recent pullback for equities. | | | | | | Broad gains in the U.S. equity market boosted a measure of global stock markets on Tuesday after President Donald Trump said a "great deal" could be struck with China that would relieve fears of a growing trade war between the world's two largest economies. | | | | | | Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fuel will fall victim to the U.S.-China trade war. | | | | | |
