Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end wine and spirits brands to E. & J. Gallo Winery for $1.7 billion, as the Corona beer maker focuses on more profitable brands.
South Korea will become one of the first countries to commercially launch fifth-generation (5G) services as it rolls out on Friday the latest wireless technology with Samsung Electronics’ new 5G-enabled smartphone Galaxy S10.
Boeing Co said on Wednesday its chief executive, Dennis Muilenburg, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of updated MCAS anti-stall software.
Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end wine and spirits brands and related facilities to E. & J. Gallo Winery for $1.7 billion, as the Corona beer maker focuses on its more premium and profitable brands.
Netflix Inc said on Wednesday it had made changes to its bylaws that allowed certain shareholders to nominate board members.
U.S. stocks edged higher on Wednesday, extending a strong start to the quarter as a rally among chipmaker shares provided a boost to the broader market on growing hopes of a trade deal between Washington and Beijing.
Facebook Inc said on Wednesday it had taken down the data bases containing its user data from Amazon.com Inc’s cloud servers after a report from cybersecurity firm UpGuard pointed to millions of exposed records.
President Donald Trump on Wednesday ordered a crackdown on counterfeit products on third-party online marketplaces, asking for more information on how the United States can better track and curb such sales.
World stocks climbed for a fifth session on Wednesday on optimism over U.S.-China trade talks and for a softer British exit from the European Union, while oil prices retreated after an unexpected rise in inventories.
Boeing’s new MCAS flight control system for its 737 MAX aircraft appears foolproof, Norwegian Air Chief Executive Bjoern Kjos said on Wednesday after visiting the plane maker in Seattle.
Trade talks between the United States and China made “good headway” last week in Beijing and the two sides aim to bridge differences during talks that could extend beyond three days this week, White House economic adviser Larry Kudlow said.
Oil prices edged down on Wednesday after U.S. government data showed a surprise build in crude inventories, but futures held near their highest in almost five months as OPEC-led output cuts and sanctions on Iran tightened the supply outlook.
U.S. stocks edged higher on Wednesday, extending a strong start to the quarter as rising hopes of a trade deal with Beijing boosted investor sentiment.
Billionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc ahead of the ride-hailing company’s initial public offering, the Wall Street Journal reported, citing sources.
Investigators will release a keenly awaited report on the deadly crash of an Ethiopian Airlines jet on Thursday, Ethiopia’s transport ministry said, giving the first official clues to the second crash of a new Boeing 737 MAX in five months.
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