Wall Street stocks took a hit Tuesday as a key vote on President Donald Trump’s health care reform was delayed, while the euro rallied following upbeat comments from European Central Bank chief Mario Draghi. High-flying technology stocks were among the biggest losers in the US, with the Nasdaq finishing down 1.6 percent, more than the … Read more
Shares of US aluminum company Arconic tumbled Monday after it announced it would no longer sell cladding for high-rise buildings following the deadly Grenfell Tower fire in London this month. Arconic, which was spun off from Alcoa last year, dropped 6.0 percent in midday trading to $24.01. The company said it was ending global sales … Read more
The US supplier of the cladding which encased London’s Grenfell Tower before it was destroyed by a devastating fire announced on Monday it is stopping sales of the material for high-rise buildings. “Arconic is discontinuing global sales of Reynobond PE for use in high-rise applications,” a company spokesman told AFP. The firm put the decision … Read more