Delta Air Lines Inc Tuesday said it would cancel about 300 more flights as a knock-on effect from a computer outage that caused about 1,000 cancellations the day before. (Wall Street Journal – subscription required)
Valeant Pharmaceuticals International Inc. posted a wider loss in its latest quarter, and the company said it would reorganize, continuing a push to remake itself as a normal pharmaceutical firm. The company also affirmed its yearly guidance after a string of cuts, easing fears of triggering a debt-covenant breach. Shares in the company added 6% premarket to US$23.80. (Wall Street Journal – subscription required)
The productivity of American workers unexpectedly declined for a third straight quarter, deepening efficiency woes that have characterized the economic expansion, a Labor Department report showed Tuesday in Washington. (Bloomberg)
Donald Trump sought to get his stumbling campaign back on track, unveiling a tax reform plan aligned with House Speaker Paul Ryan's policy agenda.(CNN)
Altice NV’s second-quarter profit rose a better-than-expected 2.7%, helped by recent acquisitions in the US which offset a slowdown in France where the cable and mobile-phone operator continued to lose ground. Shares in the Netherlands-registered Altice rose 12% in morning trading in Amsterdam. (Wall Street Journal – subscription required)