The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
A South Korean court has denied a request from U.S. activist fund Elliott for an injunction blocking a shareholder vote on a proposed $8 billion merger between two Samsung Group companies.
Elliott, which owns 7.1 percent of Samsung C&T, sought to block a C&T shareholder vote scheduled on July 17 over a proposed all-stock takeover attempt by Cheil Industries, the de facto holding company of Samsung Group.
"While we are disappointed with the court's decision, we continue to believe that the proposed merger is neither fair nor in the best interests of Samsung C&T's shareholders," Elliott said in a statement.
The Seoul Central District Court did not issue a decision on Elliott's second injunction request to block Samsung C&T's stake sale to KCC but plans to announce its ruling before July 17.
"We note that the court has not yet decided whether the wholly inappropriate sale of treasury shares by Samsung C&T to KCC in blatant support of the Proposed Merger is, as Elliott believes, unlawful. We will continue to seek to prevent the proposed merger from being consummated, and we urge all Samsung C&T shareholders to do the same," Elliott said.