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Tue, Dec 18, 2018
6:45 pmFedEx cuts 2019 view on European softness, global trade concerns
U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 4.4 percent in after-hours trade.
6:44 pmTrump pressures Fed before meeting, warns against 'another mistake'
U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the Fed's board not to "make yet another mistake" ahead of an expected interest rate hike.
6:44 pmS&P flat as government shutdown threat, Fed decision loom
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.
6:33 pmStocks dip ahead of Fed news; oil prices drop
Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
6:31 pmGlencore's Katanga pays $22 million to settle Canada regulator probe
Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo.
6:30 pmUber gets approval from Pennsylvania to resume self-driving testing
Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show.
6:30 pmMicron quarterly revenue misses estimates on falling chip prices
Chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut.
6:17 pmChina embarks on second round of soy buying post Trump-Xi truce
Chinese importers returned to the U.S. soy market on Tuesday for their second round of purchases since the two countries agreed to a truce in their trade war, four traders with knowledge of the deals and the U.S. Soybean Export Council said.
6:14 pmKinder Morgan faces proposed class action lawsuit on pipeline
Kinder Morgan is facing a proposed class action lawsuit, claiming that a division of the pipeline operator has emitted chemicals and toxic gas that caused damage to property and killed animals.
6:13 pmCBS fires CEO Leslie Moonves and denies $120 million severance
CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a potential legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
6:08 pmCiti reorganizes prime brokerage unit
Citigroup Inc is shuffling its prime brokerage business, according to an internal memo seen by Reuters, amid reports that the unit could lose millions on a bad loan to an Asian hedge fund.
5:36 pmIPO activity next year could dampen if markets do not rebound: report
The excitement of proposed initial public offerings by ride-hailing rivals Uber and Lyft next year may not be enough to encourage other firms to follow suit, as they fear that slowing global growth and rocky stock markets dragging into next year could threaten market debut valuations.
5:28 pmTreasury's Mnuchin says expects January trade talks with China: Bloomberg
The United States and China are planning to hold meetings in January to "document an agreement" on trade, U.S. Treasury Secretary Steven Mnuchin told Bloomberg in an interview on Tuesday.
4:38 pmU.S. agency to speed reviews of automaker self-driving petitions
The U.S. auto safety regulator said on Tuesday it is speeding up the process for reviewing whether automakers can deploy self-driving vehicles without devices such as brakes and steering wheels.
4:18 pmExxon Mobil opposes weakening Obama-era emissions rules: letter to EPA
Exxon Mobil Corp sent a letter to the U.S. Environmental Protection Agency in support of methane gas emission rules put in place under the Obama administration, according to a copy of the letter seen by Reuters.
3:59 pmYelp loses bid to intervene in Google antitrust challenge
U.S. search and advertising company Yelp has lost its bid to intervene in Google's challenge against a 2.4 billion euro ($2.7 billion) EU antitrust fine after an EU court said it had no direct interest in the case.
3:27 pmMusk's SpaceX to raise $500 million in funding: WSJ
Elon Musk's rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street Journal reported on Tuesday, citing people familiar with the fundraising plan.
3:03 pmGerman auto supplier to plead guilty, pay $35 million fine in VW emissions case
German auto supplier IAV Gmbh has agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG in its effort to evade U.S. diesel emissions standards, the U.S. Justice Department said on Tuesday.
2:08 pmGM cutting 50 jobs at U.S. battery plant tied to Chevy Volt
General Motors Co said on Tuesday it plans to cut 50 jobs at a suburban Detroit lithium-ion battery assembly plant after the largest U.S. automaker announced last month it will end production of its plug-in hybrid Chevrolet Volt in 2019.
2:07 pmOil dives on fears of glut, global economic slowdown
Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts that record U.S. and Russian output will hit a market that may see weaker demand if global growth deteriorates as many expect.
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