Catalent Inc said on Tuesday it has reached a settlement with activist investor Elliot Investment Management, agreeing to add four new directors to its board and to conduct a “strategic review”.
Best Buy Co Inc on Tuesday cut the top end of its annual revenue forecast after beating quarterly sales and profit estimates, as deeper discounts encouraged bargain-hunting Americans to shop for products like televisions and laptops.
3M said on Tuesday it had agreed to pay $6 billion to settle nearly 260,000 lawsuits accusing it of selling defective combat earplugs that caused hearing loss in hundreds of thousands of current and former U.S. military service members.
U.S. stock index futures were subdued on Tuesday in a data-packed week, with job openings figures due later in the day that will provide further clues on the state of the economy.
The U.S. District of Columbia Court of Appeals will soon rule on whether the Securities and Exchange Commission (SEC) wrongly rejected an application from crypto asset manager Grayscale Investments to list an exchange-traded fund that tracks the price of bitcoin.
Meta’s decision to block news links in Canada this month has had almost no impact on Canadians’ usage of Facebook, data from independent tracking firms indicated on Tuesday, as the company faces scorching criticism from the Canadian government over the move.
Toyota Motor will restart operations at its assembly plants in Japan on Wednesday, after a production system malfunction brought domestic output to a halt at the world’s biggest-selling automaker.
Chinese startup Inceptio expects the number of trucks in China using its driver-assist technology will quadruple by mid-2024 from around 600 currently, and also plans to begin sales overseas next year.
The CEO of French retailer Carrefour warned on Tuesday that consumers were massively curbing purchases of essential staples due to high prices, and urged French authorities to delay a law limiting the size of promotions retailers can offer.
