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.
Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday.
The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis.
Denmark’s largest lender Danske Bank is looking for a new chief executive in the wake of a money laundering scandal centered on $235 billion in transactions that passed through its Estonia branch.
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors’ sentiment toward European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday.
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
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.
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