Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, Chief Executive Steve Burns told Reuters.
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board's administrative staff.
Renault will resume production at the factory it runs with Dongfeng Group in Wuhan, Hubei province and the epicenter of the outbreak of a new flu-like virus, on Feb. 10, a spokeswoman for the French carmaker said on Tuesday.
Canada, the only member of an elite intelligence-sharing network yet to decide whether to allow the use of Huawei Technologies Co Ltd 5G technology, on Tuesday said it was studying Britain's decision not to ban the Chinese telecoms giant from the West's next-generation communications.
United Airlines Holdings Inc is cancelling some flights to China as Facebook Inc and other global companies restrict travel to the country, with concerns over a flu-like virus deepening.
The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
French carmaker Renault on Tuesday named former Volkswagen's Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a new management in the post-Ghosn era and shore up its alliance with Nissan .
Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.
Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the expense of smaller Chinese rivals and Apple even as the smartphone market shrank further and consumers favored phones with 5G technology, data shows.
Pfizer Inc on Tuesday reported lower-than-expected quarterly profit and a decline in revenue as sales of its off-patent pain treatment Lyrica more than halved, sending its shares down more than 3%.
Renault's Tuesday named Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, as the carmaker looks to draw a line under a year of turmoil by finalizing a long-awaited management shake-up.
Prime Minister Boris Johnson told President Trump on Tuesday that countries should work together to break the dominance of a small number of companies after Britain granted Chinese firm Huawei [HWT.UL] a limited role in its 5G mobile network.
The S&P 500 rose over 1% on Tuesday as a surge in Apple and other technology stocks helped the benchmark index recover from its worst selloff in about four months that was sparked by concerns over the coronavirus outbreak.
U.S. boutique investment bank Centerview has found an office in the heart of Paris and is hiring senior bankers to establish a second European hub as Brexit looms, three sources told Reuters.