U.S. Attorney General William Barr has recused himself from the Justice Department's deliberations on whether to allow T-Mobile to proceed with its $26 billion acquisition of Sprint, according to a source familiar with the decision.
Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past a stream of scandals while tapping new revenue sources.
The Nasdaq fell and S&P 500 was flat Tuesday after hitting all-time highs in the previous session as shares of Google-parent Alphabet tumbled following a revenue miss and Apple dropped ahead of its results.
U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.
Global equity markets edged lower on Tuesday, weighed by weak Chinese business surveys and a tumble in shares of Google parent Alphabet, while the euro strengthened on the heels of data that showed euro zone growth topped expectations.
Facebook Inc on Tuesday unveiled a redesigned app and rolled out its dating feature to 14 more countries as it tries to boost user-engagement on its social network.
McDonald's Corp lured diners with a short-term bacon promotion, value meals and redesigned restaurants that helped lift its U.S. same-store sales above Wall Street estimates for the first time in four quarters on Tuesday.
HealthEquity Inc on Tuesday confirmed its offer to acquire WageWorks Inc in a deal valuing the administrator of employee benefits at about $2.01 billion.
Pfizer Inc on Tuesday reported first-quarter profit that beat Wall Street estimates and slightly raised its 2019 earnings forecast, as the company reined in costs and recorded higher sales of blood thinner Eliquis and Prevnar pneumonia vaccine.
General Electric swung to a quarterly profit from a loss as the beleaguered conglomerate's earnings from continuing operations more than tripled. Fred Katayama reports.
The European Union won backing from the bloc's top court on Tuesday for its system to protect foreign companies, which proponents say is essential for future trade agreements but critics say unfairly favors multinationals. David Pollard reports.
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