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Today's top business headlines from across the world. We thank all of the fine daily newspapers that allow the feeds. Without the daily papers, and their resources, there would not be the quality and breadth of news available to us all.

Top business headlines

Todays Top Business News
From around the world and across the street.

Texas Instruments says slowdown in chip demand may continue; shares fall
2 minutes ago
Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters. The warning from the company, often seen as a bellwether for a semiconductor industry, dragged its shares 3 percent lower to $113.88.
[From Reuters: Business News]
Oil surges amid OPEC caution to offset Iran sanctions
8 minutes ago
Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude.
[From Reuters: Business News]
Lawyer for Platinum founder says investors knew and accepted risks
10 minutes ago
Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud charges.
[From Reuters: Business News]
Snap restarts user growth with original shows, Android overhaul
12 minutes ago
Snap Inc's original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and beat analyst revenue expectations, but that was not enough to push its shares higher after a sharp run up this year.
[From Reuters: Business News]
Trump, Twitter CEO chat at White House after fresh attack on social media giant
19 minutes ago
U.S. President Donald Trump met with Twitter Inc's Chief Executive Jack Dorsey on Tuesday, hours after attacking the social media company over his claims it is biased against conservatives.
[From Reuters: Business News]
Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U....
21 minutes ago
Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels.
[From Reuters: Business News]
Mnuchin says he cannot meet deadline to turn over Trump tax returns to House ...
24 minutes ago
U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump's tax returns "until it is determined to be consistent with law."
[From Reuters: Business News]
Walgreens, Rite Aid to sell tobacco products to customers above 21 years
32 minutes ago
Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp said on Tuesday they would sell tobacco products to customers who are at least 21 years old, amid a crackdown on teenage tobacco use.
[From Reuters: Business News]
EBay's strong quarter, robust forecast send shares 5% higher
1 hour ago
EBay Inc beat analysts' quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company's multi-year effort to make its ecommerce platforms more user friendly attracts more customers.
[From Reuters: Business News]
CBS suspends search for CEO, says Ianniello to stay till December 31
1 hour ago
CBS Corp said on Tuesday decided to suspend its search for a chief executive officer and said acting CEO Joseph Ianniello will continue in his role till the end of the year.
[From Reuters: Business News]
Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
1 hour ago
Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged.
[From Reuters: Business News]
Softbank Group in talks to buy 5% stake in Wirecard: Bloomberg
1 hour ago
Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter.
[From Reuters: Business News]
S&P 500, Nasdaq hit record closing highs on upbeat earnings
1 hour ago
The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown.
[From Reuters: Business News]
U.S. expands air bag defect probe to 12.3 million vehicles
1 hour ago
The U.S. National Highway Traffic Safety Administration is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls, it said on Tuesday.
[From Reuters: Business News]
FAA paves way for Alphabet unit to make first U.S. drone deliveries
2 hours ago
Alphabet Inc's Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said.
[From Reuters: Business News]
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