) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been"fully transparent" about personal relationships he had with colleagues, according to a statement from the company. The statement says an investigation is ongoing and that relationships occurred before Looney became CEO. BP CFO Murray Auchincloss will act as interim CEO. Yahoo Finance Live breaks down the story.
shares fall after reporting weaker-than-expected earnings, particularly in its revenue tied to its hardware segment. According to Bloomberg, Arm Holdings could be changing up its strategy ahead of its IPO and refocusing its attention on designing growth-driven products. Yahoo Finance's Brad Smith highlights several of the top headlines making waves Tuesday morning.