Investors will be looking for Apple’s outlook on the iPhone and how much overseas cash will be coming their way when the company reports second-quarter earnings after the market closes on Tuesday.
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Tuesday, May 1, 2018
Swiss 1MDB Investigation Turns to PetroSaudi Officials
Swiss prosecutors have launched criminal proceedings against two officials at PetroSaudi International related to alleged dealings with Malaysian state investment fund 1MDB, an escalation of the Swiss probe that started nearly three years ago.
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Trump Postpones Steel Tariff Decision for EU, Other U.S. Allies
President Donald Trump eased trade pressure on top U.S. allies, giving the European Union and some nations outside the bloc until June 1 to negotiate deals that would exempt them from U.S. steel and aluminum tariffs.
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Boeing Swoops In on Plane-Parts Specialist KLX
Boeing said it would buy plane-parts specialist KLX for $3.2 billion, boosting the aerospace giant’s push for a bigger slice of the lucrative aircraft-servicing business.
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BP Posts Strongest Quarterly Profit Since 2014
BP reported its strongest quarterly profit since mid-2014, boosted by higher oil prices and rising production as the oil major’s efforts to return to growth pay off.
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Australia Broadens Legal Action Against Mining Titan Rio Tinto
Rio Tinto is under scrutiny from officials in the U.S., U.K. and Australia over the handling of coal assets it purchased in Mozambique for about $4 billion in 2011, but were later sold at just $50 million.
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Facebook's New Download Tool: Better, But Still Incomplete
In the wake of the Cambridge Analytica scandal and Mark Zuckerberg’s Capitol Hill testimony, Facebook has made it easier for users to receive a copy of things they have posted and interacted with on the social network.
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