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July 25, 2018 2:16 PM GM Posts Higher Profit, Lowers Outlook Amid Steel, Aluminum Costs

Auto maker says commodity costs in the quarter were about $300 million higher than a year earlier Fallout from U.S. steel and aluminum tariffs hit General Motors Co.’s second-quarter earnings, and the nation’s largest auto maker on Wednesday lowered its profit outlook for 2018, saying it expects commodity price pressures to continue. GM said raw-material 53

July 25, 2018 12:45 PM The Latest: Fiat Chrysler pays tribute to Marchionne

Fiat Chrysler CEO Mike Manley has paid tribute to Sergio Marchionne, saying news of his death is "heartbreaking." Manley opened a conference call on the automaker's quarterly results on Wednesday with a minute of silence. He spoke from headquarters in the Italian town of Turin, where corporate flags flew at half-mast. At the Fiat plant in Pomigliano 67

July 25, 2018 10:19 AM Former Fiat Chrysler CEO Marchionne dies

MILAN (Reuters) - Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from recent surgery. The carmaker’s controlling family shareholder confirmed news reports of his death on Wednesday, without giving the cause of death or saying when he had died. Marchionne 60

July 25, 2018 7:57 AM EDF ups costs for Flamanville reactor after finding more flaws

PARIS (Reuters) - France’s state-controlled power group EDF (EDF.PA) pushed back the timetable for its Flamanville nuclear reactor project by a year, after it found further flaws, and added the project would now cost more than previously forecast. EDF said Flamanville would now cost 400 million euros ($467.8 million) more than previously estimated, taking 57

July 25, 2018 1:33 AM Kraft Heinz recalling cheese dip on botulism risk

(Reuters) - Kraft Heinz Co (KHC.O) said on Tuesday it was voluntarily recalling about 7,000 cases of its Taco Bell Cheese Dip as the product showed signs that it could allow for the growth of the bacteria that causes botulism. The company said it was recalling 15-ounce cases of it Taco Bell Salsa Con Queso Mild Cheese Dip that had “best when used by” dates 86

July 25, 2018 1:14 AM NFL's Eric Davis Sued by 2nd Makeup Artist for Sexual Misconduct

Former NFL star and NFL Network analyst Eric Davis sexually harassed and groped a makeup artist, then confronted her about losing his job over it ... according to a new suit. Erin McParland claims she was hired by NFL Network in 2014, and became the target of Davis' unwanted comments and advances ... including hugging her, rubbing his genitals on her leg and grabbing 76

July 24, 2018 11:24 PM John Malone Retires From Charter Communications Board

Cable tycoon will become Charter’s director emeritus Cable tycoon John Malone has retired from the board of Charter Communications Inc., CHTR -1.91% the company said Tuesday. Mr. Malone, who owns a significant stake in Charter, said he is reducing his travel and wants to focus on fewer board positions. He will become Charter’s director emeritus and won’t 42

July 24, 2018 10:49 PM AT&T Offsets Losses at DirecTV With Gains in Wireless, WarnerMedia

Quarterly revenue fell 2.1% despite a $1.13 billion boost from media assets Growth in AT&T Inc.’s new media division helped paper over deep losses in the company’s satellite-TV business, a symptom of a cord-cutting trend that executives have said drove their appetite for entertainment assets in the first place. Overall, the company reported lower revenue 55

July 24, 2018 10:14 PM Lululemon Names Sephora Executive as New CEO

Calvin McDonald has served as president and CEO of the Americas for Sephora since 2013 Lululemon LULU -1.91% Athletica Inc. has appointed Calvin McDonald to serve as its next chief executive officer, tapping a top executive of beauty company Sephora to lead the athletic-wear maker. Lululemon said Tuesday that Mr. McDonald’s appointment is effective Aug. 20. He will have a $1.25 million 46

July 24, 2018 9:16 PM IRS Wins Court Case Over Intel Corp

Ninth Circuit reverses lower court ruling in case closely watched by tech firms The Internal Revenue Service won a court case closely watched by technology companies, as an appeals court upheld a regulation governing how corporations divide expenses between their domestic and foreign operations. Tuesday’s ruling by a panel of the Ninth Circuit Court 56