(Reuters) – U.S. stocks rose at open on Wednesday led by technology and media stocks after a punishing few sessions due to a rapid escalation in trade tensions between the United States and China.
(Reuters) – OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force.
(Reuters) – U.S. stocks looked set for a bounce on Wednesday after being battered in the past few sessions following a rapid escalation in trade tensions between the United States and China.
(Reuters) – Walt Disney Co sweetened its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, topping Comcast Corp’s $65 billion offer last week.
Skyworks Solutions, Sierra Wireless, and Cypress Semiconductor don’t have the same name recognition as big tech companies, but they have the potential to be some of the biggest winners in the IoT space. …read more […]
BRUSSELS (Reuters) – The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.
Although overlooked by the investors, Occidental Petroleum (OXY) looks well-positioned for a solid gain, supported by a favorable Zacks rank and positive estimate revisions. …read more […]
CANNES, France (Reuters) – WPP , the world’s largest advertising group, needs radical change to stay ahead of the digital revolution ripping through the industry and its clients, according to the man tasked with running the group after Martin Sorrell.
(Reuters) – Starbucks Corp shares fell 4 percent on Wednesday after a dim sales forecast from the U.S. coffee chain prompted Wall Street analysts to question the sustainability of its growth at home and next biggest market China.
(Reuters) – Twenty-First Century Fox Inc said on Wednesday that Walt Disney Co has raised its offer for Fox assets to $38 per share, topping Comcast Corp’s $35 a share offer last week.
MONTREAL (Reuters) – As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus , the Canadian company is now drawing up plans to breathe new life into its older regional planes.
Starbucks shares fell by as much as 5 percent in after-hours trading Tuesday following a third-quarter sales forecast that was weaker than analysts had expected. …read more […]
(Reuters) – Canadian plane and train maker Bombardier Inc said on Wednesday that Delta Air Lines Inc has signed an agreement to buy 20 CRJ900 regional jets with its new Atmosphere cabin design.
(Reuters) – U.S. stock index futures rose on Wednesday, after a punishing few sessions for Wall Street due to a rapid escalation in trade tensions between the United States and China.
LONDON (Reuters) – World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
