(Reuters) - Nike Inc on Tuesday defeated an appeal by a renowned photographer who accused the sportswear company of ripping off his iconic photo of basketball superstar Michael Jordan, and using it to create its silhouetted "Jumpman" logo.
NEW YORK (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.
LOS ANGELES (Reuters) - Starbucks Corp on Tuesday opened the first of 1,000 planned upscale Starbucks Reserve stores as part of a broad strategy to defend against high-end coffee rivals like Intelligentsia Coffee & Tea and Blue Bottle Coffee Co .
NEW YORK (Reuters) - World stock markets broadly fell and government debt yields rose on Tuesday as traders perceived a greater tightening of U.S. monetary policy than forecast after remarks by the new Federal Reserve chief in testimony before the U.S. Congress.
(Reuters) - Toll Brothers Inc just topped estimates for quarterly profit on Tuesday but early gains in the shares of the U.S. luxury homebuilder did not hold up in the face of broader concerns of a slowdown in the housing sector.
BRASILIA (Reuters) - Brazilian President Michel Temer is weighing whether to support a proposal for a joint commercial aviation company between Boeing Co and Brazilian aircraft maker Embraer , a presidential spokesman said on Tuesday.
WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the U.S. central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to gradually raise interest rates.
LONDON (Reuters) - U.S. cable giant Comcast Corp has offered $31 billion for Sky Plc , threatening a plan hatched by Rupert Murdoch's Twenty-First Century Fox Inc and Walt Disney Co to seize control of Europe's biggest pay-TV group.
LONDON/NEW YORK (Reuters) - Comcast Corp would become the world's largest pay-TV operator if CEO Brian Roberts' $31-billion bid for Sky Plc succeeds, more than doubling its subscribers and expanding its international presence as growth slows in its core U.S. market.
WASHINGTON (Reuters) - A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd's plan to take over rival Qualcomm Inc, according to three sources familiar with the matter.
There is enough room for a minimum of four rate hikes this year, says Peter Cardillo, chief market economist at First Standard Financial. Aleksandra Michalska reports.
Macy's reported higher-than-expected same-store sales growth for the fourth quarter and forecast a return to annual comparable sales growth in 2018, sending shares higher. Aleksandra Michalska reports.
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