NEW YORK (Reuters) - Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder."
MEXICO CITY (Reuters) - Grupo Aeromexico said on Tuesday that its board had determined that Delta Air Lines Inc's offer to buy an additional 32 percent of its shares was fair.
(Reuters) - Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts.
(Reuters) - Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company's shares from a loss to more than 2 percent higher.
(Reuters) - Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday.
(Reuters) - Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector.
(Reuters) - Restaurant Brands International Inc , owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.
(Reuters) - Verizon Communications Inc , the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, reflecting a $350 million cut to the original price.
CHICAGO (Reuters) - Wal-Mart Stores Inc on Tuesday reported higher-than-expected U.S. comparable sales, driven by higher customer traffic to stores and accelerating online activity, and the world's largest retailer's shares rose more than 2 percent.
(Reuters) - U.S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings from top U.S. retailers.