Wall Street lower as health care stocks slump

- U.S. stocks fell in afternoon trading on Tuesday as a rout in healthcare stocks resumed and as an IMF report added to worries about global growth.

Recent Business News

SABMiller rejects 'informal' offer from AB InBev as too low: Bloomberg

LONDON - Brewer SABMiller has rejected an "informal" takeover offer from Anheuser-Busch InBev of about $100 billion as being too low, a media report said on Tuesday, pushing down its share price.

2:02pm EDT

U.S. union warns Fiat Chrysler of possible strike

DETROIT - The United Auto Workers union has told Fiat Chrysler Automobiles NV that its workers are prepared to walk off the job on Wednesday night unless there is a new contract agreement, the company said on Tuesday.

2:36pm EDT

Faint corporate praise greets TPP trade deal

SYDNEY/BRUSSELS - Early industry reaction to a long-sought trade agreement reached between 12 Pacific Rim countries on Monday amounted to faint praise that it could have been worse and umbrage that the United States appeared to be the biggest winner.

Politics, World 1:50pm EDT

Fiat Chrysler could lose $40 million weekly profit from strike: analyst

DETROIT - Fiat Chrysler Automobiles NV stands to lose $40 million of operating profit a week from a strike of its plants by the U.S. labor union United Auto Workers, said an analyst with the Center for Automotive Research.

2:25pm EDT

Air France shirt-ripping scenes a national embarrassment: ministers

PARIS - Violent acts by workers at the headquarters of troubled flag carrier Air France a day ago are a national embarrassment that reinforces the very image the country wants to shake off, French political leaders said on Tuesday.

1:13pm EDT


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