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Markets

Lululemon Athletica forecasts higher first-quarter revenue on sustained demand hopes

Lululemon Athletica Inc forecast first-quarter revenue above analysts' estimates on Tuesday, as it expects sustained demand for leggings and sports bras from consumers looking for comfortable home-exercise apparel.

Markets

Wells Fargo plans on bringing workers back to office in September: WSJ

Wells Fargo & Co plans to start bringing employees back to its offices after Labor Day due to the increasing availability of vaccines, the Wall Street Journal reported on Tuesday.

Markets

Volkswagen will not change name of US operations: sources

Volkswagen AG's U.S. unit will not change its name even after the German automaker issued a statement on Tuesday saying it would, three sources briefed on the matter said.

Markets

Investors press companies on human rights in Xinjiang

A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China's Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions.

Markets

Google, US government tangle over pre-trial document production

Lawyers for Alphabet's Google and the government tangled on Tuesday over how many documents related to the Justice Department's antitrust lawsuit against the search and advertising giant should be turned over, and how fast.

Markets

Poland’s CD Projekt to seek M&A targets in bid to become a top gamemaker

WARSAW :Poland's CD Projekt will actively look for merger and acquisition targets in its bid to become one of the top three video game makers in the world, it said on Tuesday.

Markets

SpaceX starship SN11 rocket fails to land safely after test launch in Texas – SpaceX

An uncrewed SpaceX Starship prototype rocket failed to land safely on Tuesday after a test launch from Boca Chica, Texas, and engineers were investigating, SpaceX said.

Markets

Cisco unveils gear to cope with pandemic demand, 5G

Cisco Systems Inc on Tuesday announced new products to help mobile network operators manage increased data traffic generated by homeworking because of the pandemic and as the 5G rollout connects billions more devices to the internet.

Markets

Wells Fargo says no losses from Archegos downfall

Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.

Markets

China’s Geely to set up new aerospace company

China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.

Markets

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