Harley unveils turnaround plan as shares nosedive on disappointing results

CHICAGO (Reuters) – Harley-Davidson Inc’s shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025.FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. REUTERS/Philippe […]

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Russia's Sputnik V vaccine 91.6% effective in late-stage trial

MOSCOW (Reuters) – Russia’s Sputnik V vaccine was 91.6% effective in preventing people from developing COVID-19, according to peer-reviewed results from its late-stage clinical trial published in The Lancent international medical journal on Tuesday.FILE PHOTO: Empty vials of the second dose of the Sputnik V (Gam-COVID-Vac) vaccine are pictured at the San Martin hospital, in La Plata, on the outskirts […]

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5 things to know before the stock market opens Tuesday

Here are the most important news, trends and analysis that investors need to start their trading day: Dow looks for back-to-back gains after last week's decline GameStop's decline accelerates as Robinhood raises more money Pfizer raised full-year guidance after mixed quarter Democrats move to go it alone on Biden's Covid relief package CDC requires face masks on airlines, public transportation […]

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Treasury yields climb as investors watch for stimulus progress

Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi introduced a budget resolution on Monday. President Joe Biden met with the 10 Republican senators that wrote to him over the weekend to put forward their alternative, smaller aid proposal to his $1.9 trillion package. U.S. Treasury yields rose on Tuesday morning, after Democratic congressional leaders pushed forward with the […]

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Siemens Energy CEO says group has received GE lawsuit

Slideshow ( 2 images )FRANKFURT (Reuters) – Siemens Energy has received a lawsuit filed by rival General Electric accusing a unit of the German firm of using stolen trade secrets to rig bids for gas turbine contracts and cover up improper business gains of more than $1 billion. The lawsuit was received on Jan. 29, Siemens Energy Chief Executive Christian […]

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Suu Kyi's party demands her release as Myanmar generals tighten grip

(Reuters) -The party of Myanmar’s detained elected leader Aung San Suu Kyi called on Tuesday for her immediate release and for the junta to recognise her victory in November elections, a day after a military coup sparked global outrage.Myanmar protesters residing in Japan stand on pictures of Myanmar’s army chief Min Aung Hlaing as they rally against the country’s military […]

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German lawmakers turn sights on finance ministers in Wirecard fraud fiasco

FRANKFURT (Reuters) – Fresh from toppling the head of Germany’s top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies.FILE PHOTO: German Finance Minister Olaf Scholz attends a session at the lower house of parliament Bundestag in Berlin, Germany, December 9, 2020. REUTERS/Hannibal HanschkeAs their inquiry into the collapse of […]

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