AMC Theatres and Comcast Corp's Universal Pictures agreed to a major shift that will allow the studio's movies to be made available to U.S. audiences at home after just three weekends in cinemas, the companies announced on Tuesday.
EBay Inc beat Wall Street estimates for quarterly revenue and raised its full-year outlook on Tuesday, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.
Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan.
Oreo maker Mondelez International Inc posted quarterly results above market expectations and raised its quarterly dividend by 11% on Tuesday, driven by strong demand for its snacks and chocolates in North America.
Starbucks Corp said on Tuesday its business around the world was "steadily recovering" as most of its stores were now open due to the easing of coronavirus-led restrictions.
An investment advisory unit of American International Group has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that generated millions of dollars for the firm, the U.S. Securities and Exchange Commission (SEC) said on Tuesday.
Amgen Inc on Tuesday reported second-quarter revenue rose 6% as higher sales of newer drugs, including recently-added psoriasis treatment Otezla, offset declining sales of older medicines.
An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold, which hovered near record highs.
Oil prices fell on Tuesday as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.
U.S. consumer confidence fell more than expected in July amid a flare-up in COVID-19 infections across the country, which is threatening the economy's recovery from an unprecedented recession caused by the pandemic.
The Shopify rival's IPO won't bring the same sky-high valuation as the more established e-commerce firm. BigCommerce has growing revenue and declining losses in an expanding market, but its small size and powerful competitors suggest a more down-to-earth value, says Amanda Gomez.
Photographic film pioneer Eastman Kodak has reportedly signed a deal with the U.S. government to help produce pharmaceutical ingredients in the country. Fred Katayama reports.
Sponsored by IBM: 2019 Cost of Data Breach Study
The 14th annual study, conducted by Ponemon Institute and sponsored by IBM, analyzes data breach costs reported by 507 organizations around the world.
