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.
U.S. industrial giant 3M Co forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth.
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.
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.
Prime Minister Boris Johnson granted Huawei a limited role in Britain's 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications.
The United States is disappointed by the United Kingdom's decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.
There have been no threats from other countries' intelligence agencies to break ties with Britain after it announced it would grant Huawei a limited role in its 5G mobile network, a British security source said on Tuesday.
