 | | | | U.S. bank profits fell 36.5% in 2020 from the prior year as banks set aside massive amounts to guard against potential losses, but the industry showed signs of strengthening in the fourth quarter as the economy begins to recover from the pandemic, a regulator reported on Tuesday. | | | | | | German braking systems maker Knorr-Bremse said its majority shareholder Heinz Hermann Thiele, who shaped the company since buying it from his then-employer in 1985, has died unexpectedly at the age of 79. | | | | | | Wall Street retreated on Tuesday as investors shifted away from mega-cap growth stocks, but the sell-off eased following reassurances from U.S. Federal Reserve Chairman Jerome Powell. | | | | | | Top executives at Texas-based software company SolarWinds Corp, Microsoft Corp and cybersecurity firms FireEye Inc and CrowdStrike Holdings Inc defended their conduct in breaches blamed on Russian hackers and sought to shift responsibility elsewhere in testimony to a U.S. Senate panel on Tuesday. | | | | | | Billionaire Elon Musk's SpaceX has raised about $850 million in equity financing, the private rocket launch service said in a regulatory filing on Tuesday. | | | | | | Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check. | | | | | | Microsoft Corp has notified 60 customers that their data was likely compromised in the suspected Russian hacking campaign centered on Texas-based software firm SolarWinds Corp, the company's president told U.S. lawmakers on Tuesday. | | | | | | Occidental Petroleum Corp expects its low-carbon business to generate earnings equal to its oil and gas production business in the coming decades, Chief Executive Vicki Hollub told analysts on Tuesday. | | | | | | Amazon.com Inc Senior Vice President Jeff Blackburn is leaving the company on Tuesday after 22 years, he said in an internal note that the online retailer shared with Reuters. | | | | | | The U.S. Postal Service said Tuesday it would award a multi-billion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. | | | | | |
