One of Bayer’s largest shareholders tore into the company’s management on Wednesday for underestimating the legal risks of its takeover of Monsanto, setting the stage for a fiery annual general meeting after a 30 percent plunge in the shares.
Airbus outgoing chief executive Tom Enders expressed hopes Boeing and U.S. Federal Aviation Administration would soon resolve a crisis over the grounding of the 737 MAX and said the two planemakers stand together on safety.
The S&P 500 was flat on Wednesday, as a drop in Boeing shares offset gains in the technology sector, while investors awaited minutes from the Federal Reserve’s latest policy meeting.
Saudi Aramco’s debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said.
Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December’s sell-off that stirred fear of an end to a decade-long bull market.
Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express.
U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
U.S. stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve’s latest meeting and the start of the corporate earnings season.
The global economy is slowing and political leaders must avoid any escalation in trade disputes, German Finance Minister Olaf Scholz told Reuters in an interview on Wednesday.
A bipartisan group of U.S. lawmakers will introduce legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to General Motors Co and Tesla Inc before the existing credit comes to an end for them.
WarnerMedia Chief Executive John Stankey denied a report on Wednesday that parent company AT&T was considering selling its HBO Europe business, calling it “baseless and inaccurate”.
European planemaker Airbus said it would propose former Deutsche Telekom chief Rene Obermann as its next chairman starting from 2020, completing the shift to what current chairman Denis Ranque called a “new generation of management”.
U.S. consumer prices increased by the most in more than a year in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio.
World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump threatening more tariffs against the European Union.
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