Articles by admin

U.S. stocks headed lower on Wednesday, as a selloff in healthcare stocks extended for a second day, overshadowing a rally in chipmakers led by Qualcomm.

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JPMorgan Chase & Co switched roles for two women executives on Wednesday, putting Chief Financial Officer Marianne Lake in charge of consumer lending and naming card services chief Jenn Piepszak to take Lake’s place.

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Pier 1 Imports Inc’s Chief Financial Officer Nancy Walsh is leaving the home furnishing retailer after a year in the job, the company said on Wednesday and reported a 13.7 percent decline in same-store sales in the fourth quarter.

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Wisconsin’s governor said on Wednesday he wants to renegotiate the state’s contract with Foxconn Technology Group Ltd because the Taiwanese company is not expected to reach its job creation goals for the state.

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U.S. stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China.

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Stocks around the globe fell on Wednesday as a continued flight from healthcare shares dragged on Wall Street, overshadowing upbeat economic data from China.

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Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd’s bid to provide U.S. telecommunications services, citing security risks, and said the commission will vote on whether to deny the company’s application in May.

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U.S. stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China.

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As Qualcomm’s major victory against Apple sent semiconductor stocks to record highs on Wednesday, the sector’s strong recent rally may be at odds with uncertainty about an ongoing downturn in global demand.

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Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.

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Canada called on Wednesday for pilots to receive simulator training for new Boeing 737 MAX software, rather than computer courses, going a step beyond proposals by U.S. regulators and opening the door to disagreement over measures to end a global grounding of the jets after two fatal crashes.

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Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday.

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General Motors’ luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York.

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Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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