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
Steinway Musical Instruments, best known for its grand pianos and controlled by U.S. hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group, Bloomberg reported on Monday citing sources.
The state-owned conglomerate is in the early stages of considering an offer and other suitors may also emerge for the Waltham, Massachusetts-based company, Bloomberg said.
Steinway, whose pianos have been used by legendary artists such as Cole Porter and Sergei Rachmaninoff and by contemporary ones like Chinese concert pianist Lang Lang, was taken private by John Paulson's hedge fund firm, Paulson and Co., for about $512 million in 2013.
Steinway's brands include Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, Leblanc clarinets, King trombones and Ludwig snare drums.
Steinway and Sons, the piano unit of Steinway Musical Instruments, was founded in 1853 by German immigrant Henry Engelhard Steinway in a Manhattan loft on Varick Street.
Steinway, Paulson and Co. did not immediately respond to requests for comment outside regular business hours. China Poly Group could not be reached for comment.