Tuesday, 20 August 2019

Walmart sues Tesla over fires at stores fitted with its solar panels

Reuters.com Newsletter

Walmart sues Tesla over fires at stores fitted with its solar panels

Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York court on Tuesday.

General Electric stock drop attracts more short-sellers: S3 Partners

Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners said on Tuesday.

DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control

The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday, evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve.

Toll Brothers quarterly profit falls 24%

U.S. luxury homebuilder Toll Brothers Inc posted a 24% fall in quarterly profit on Tuesday, hit by slower demand and shrinking gross margins from home sales.

Wall Street rally ends as financial shares slide

Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.

As trade war drags on, new Bunge CEO looks to avoid 'stroke-of-the-pen' risk

A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again.

Trump looking at possible U.S. payroll, capital gains tax cuts

President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything imminently.

It's the Fed, but the world will have its say

The U.S. Federal Reserve has a purely domestic mandate, answerable to an elected Congress and facing nearly daily demands from an outspoken president.

U.S. Justice Department sues to block Sabre acquisition of Farelogix

The U.S. Justice Department sued on Tuesday to block travel technology firm Sabre Corp's $360 million acquisition of Farelogix Inc, saying in court papers that it was a "dominant firm's attempt to eliminate a disruptive competitor."

Who's tracking you? Facebook users to get more control over data

Facebook Inc said on Tuesday it was tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps.

Boeing hiring as it targets 737 MAX fights resuming 'early fourth quarter'

Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October.

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