Tuesday 13 February 2018

Wall Street ends up for third straight session; inflation data ahead

Wall Street ends up for third straight session; inflation data ahead

NEW YORK (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for more gains.

Apple CEO downplays special dividend at shareholder meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas.

Twitter's CEO downplays chatter about possible acquisition

SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.

Chipotle Mexican names Taco Bell chief Brian Niccol CEO

(Reuters) - Chipotle Mexican Grill said on Tuesday it named Brian Niccol chief executive officer, effective March 5.

Broadcom scales back Qualcomm board challenge to simple majority

(Reuters) - Broadcom Ltd cut the number of board seats it was trying to win at Qualcomm Inc to six from 11 on Tuesday, saying this would let Qualcomm shareholders push the U.S. chip maker toward a sale while ensuring continuity.

Wall Street regulator looking into VIX manipulation: WSJ

(Reuters) - A Wall Street regulator is probing into whether prices linked to the Cboe Volatility Index have been manipulated, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.

Automakers to provide up to $130 million for Takata's U.S. settlement

WILMINGTON, Del. (Reuters) - A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.

Blue Apron puts EBITDA breakeven on table for late 2018

NEW YORK (Reuters) - Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker's shares.

JC Penney to shut Milwaukee distribution center, cut 670 jobs

(Reuters) - JC Penney Co Inc said on Tuesday it would close its Milwaukee distribution and customer care center and cut about 670 jobs.

GM to shut one South Korea plant, decide on fate of others within weeks

DETROIT/SEOUL (Reuters) - U.S. President Donald Trump on Tuesday used a decision by General Motors Co to close one of its four plants in South Korea to launch fresh criticism of the U.S.-South Korea trade agreement.

Related Videos

Wall Street bounces back after tumultuous week

Coincheck sheds light on cryptocurrency theft

Reuters TV on Fire TV

Your favorite personalized news show is now on Fire TV.

Learn more