U.S. stocks opened slightly lower on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.
Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.
Danske Bank , reeling from a money laundering scandal, will resume its search for a new chief executive after a Danish regulator rejected its internal candidate for the job, and analysts said it would be forced to look outside the bank.
Shares of Netflix Inc soared 11 percent before the bell on Wednesday, after the company put fears of a slowdown in growth to bed by racking up seven million new subscribers between July and September.
U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.
A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight months the previous day.
U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.
** Keybanc Capital markets downgrades its rating on Netflix to “sector weight” from “overweight” citing limited investment efficiency, margin expansion and ancillary opportunities for co over the next year
U.S. stock futures fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.
Siemens may have to share a multi-billion dollar deal with U.S. rival General Electric to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday.
Boeing Co signed a two-year maintenance deal with Israel’s El Al Airlines on Wednesday, as it looks to boost its high-margin after-sales business that services planes bought by airlines and military customers.
Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.
Express Scripts Holding Co , one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc , but is excluding a rival medication made by Teva Pharmaceutical Industries Ltd after price negotiations with all three manufacturers. The decision represents a setback for Teva, which is in the midst of a corporate restructuring and had hoped to capture a sizable stake
Shares of Netflix Inc soared 11 percent before the bell on Wednesday after the company put fears of a slowdown in growth to bed by racking up 7 million new subscribers between July and September.
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