Articles by admin

U.S. stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears of tightening regulations on the banking industry.

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Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

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A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said.

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Wall Street’s major stock indexes fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as financials were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.

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Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings.

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Pfizer lost the final round in a lengthy patent battle in Britain on Wednesday after the country’s highest court ruled against it in a case involving its $5 billion-a-year pain drug Lyrica, exposing the company to possible financial claims.

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Sterling scaled back its losses against the euro and dollar on Wednesday after Britain’s Prime Minister Theresa May said her cabinet backed her Brexit deal.

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Apparel maker Levi Strauss & Co is planning an initial public offering, CNBC reported https://cnb.cx/2zSjbDL on Wednesday, citing sources familiar with the matter.

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U.S. stocks fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as Apple Inc continued to lead a retreat in technology stocks and financials were hit by fears that sector-wide regulations would no longer be eased.

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Saudi Arabia’s sovereign wealth fund PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as “Jurassic World” and “Interstellar”, according to people familiar with the matter.

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The sterling fell to session lows against the euro and dollar on Wednesday following a BBC report that Brexit proponents in the Tory party in the U.K. parliament might call for a no confidence vote on their leader and Prime Minister Theresa May on Thursday.

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Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while a gauge of global stock markets fell for a fifth straight session as declines in tech and financial shares pressured Wall Street.

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William Ackman’ hedge fund Pershing Square Capital Management sold out of snack maker Mondelez International during the third quarter some three years after first making the investment.

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