Shares in Freeport-McMoran, the world’s biggest listed copper company, jumped in morning trading in New York as a higher copper price and news of constructive discussions with the Indonesian government over its operating license offset revised sales guidance.
An activist investor has encouraged Barnes & Nobles to sell itself, arguing that the company’s “unconscionably low” market value fails to reflect its status as the “one truly national bookstore chain” despite encroaching competition from Amazon and other online competitors.
The Senate judiciary committee has subpoenaed Paul Manafort, Donald Trump’s former campaign manager, to testify before it as part of its ongoing probe into Russian interference in last year’s presidential campaign.
The International Monetary Fund has delivered a warning to eurozone monetary policymakers looking to wind down their bond buying spree, uring the ECB to keep its extraordinary stimulus in place until there is more evidence of inflationary pressures.
Citigroup has “crossed an inflection point”, the US bank’s chief executive maintained on Tuesday at its first investor day since 2008 – even as he recognised that returns had disappointed shareholders.
The UK’s desire to forge trade deals around the world after Brexit could threaten its animal welfare standards, as UK farmers compete against imported food from countries with lower levels of oversight, according to a House of Lords report.
General Motors announced stronger than expected second quarter earnings per share despite weakness in the company’s home US market, where new car sales are expected to decline for the first time since the Great Recession this year.
Caterpillar bulldozed its way to another guidance upgrade following a better-than-expected second quarter, spurring optimism that business is on track for a sustained revival following years of weak demand for its iconic yellow loaders and excavators.
United Technologies has raised its 2017 sales and profits guidance as growth in its elevator and escalator business along with strong demand for its building heating and cooling systems helped boost second quarter results.