Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms.
Oil rose on Tuesday, paring earlier losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.
Hudbay Minerals on Tuesday vowed to appeal a court ruling that barred the Canadian miner from building a major copper mine in the United States after losing its bid to have a judge revisit the decision.
Daimler is recalling 1,700 of its new Mercedes-Benz EQC electric cars because of a potentially defective bolt in the differential, which controls wheel rotation during a turn, the company said on Tuesday.
Amazon.com Inc is eliminating its grocery delivery service free for Prime members in the United States and making shopping easier by combining AmazonFresh and Whole Foods Market ordering on a single site, in a bid to fend off rival grocery sellers like Walmart Inc and Kroger Co.
Apple faces more regulatory woes in Europe as EU antitrust regulators ask online sales companies whether they have been told to use its mobile payment service instead of rival services, an EU document seen by Reuters showed.
Juul Labs Inc said on Tuesday its finance and marketing heads will step down, as new chief executive officer revamps top management in a bid to rebuild the e-cigarette maker's public image amid intense scrutiny from regulators and lawmakers.
U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result -- less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday.
Stelia Aerospace, owned by European planemaker Airbus , will open a 40 million euro ($44 million) assembly plant near Porto in Portugal, creating 240 jobs, company and government officials said on Tuesday.
Murray Energy Corp, one of the largest privately-held U.S. coal miners, whose founder is an outspoken supporter of President Donald Trump, became the latest in a string of coal companies to file for bankruptcy on Tuesday as generators shift to cleaner-burning natural gas and renewable energy.
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,300 MW in 2018, according to U.S. Energy Information Administration (EIA) and Thomson Reuters data.
Uber Technologies Inc said it would not share real-time location data of its electric bike riders with the city of Los Angeles, saying it would violate their privacy.
Rules to implement a White House executive order declaring a national emergency in the telecoms supply chain are "under consideration and review" at the Department of Commerce, an agency official said on Tuesday.
Bank of America Corp will reward employees for the bank's strong performance through special bonuses for the third straight year, according to an internal memo viewed by Reuters.
Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion automaker, the Wall Street Journal reported on Tuesday, citing sources.