Business & Finance News
Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday.
Huawei Technologies is set to announce a lawsuit on Thursday against the United States, ratcheting up its response to a campaign aimed at closing it out of Western markets for fear its telecoms equipment could be used by Beijing for spying.
General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture with Italy’s Enel SpA, the latest deal GE CEO Lawrence Culp is pursuing to pay down debt, according to people familiar with the matter.
Wall Street’s main indexes fell for a third session on Wednesday, with the S&P 500 posting its biggest one-day decline in a month, as healthcare and energy shares slumped and investors sought reasons to buy after the market’s strong rally to start the year.
Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co on Wednesday said their joint healthcare company would be called Haven and will focus on better primary care access, simpler insurance benefits and more affordable prescription drugs for their employees.
U.S. President Donald Trump said on Wednesday that trade talks with China were moving along well and predicted either a “good deal” or no deal between the world’s two largest economies.
The lawyer for Huawei Technologies’ Chief Financial Officer Meng Wanzhou told a Canadian court on Wednesday that he has concerns allegations against her have a political character and raised U.S. President Donald Trump’s comments on the case.
A Canadian judge set Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou’s next court date for May 8 at a brief court appearance on Wednesday where her lawyer briefly raised comments made by U.S. President Donald Trump.
Amazon.com Inc is closing all 87 of its pop-up stores in the United States, the Wall Street Journal reported on Wednesday, citing a company spokeswoman.
General Motors Co said the last Chevrolet Cruze rolled off the assembly line Wednesday afternoon at its Lordstown, Ohio, assembly plant, the first of five plants in North America to end production this year and ending U.S. production of the Cruze.
A gauge of global stocks sputtered for a third straight session on Wednesday, unable to build on a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada.
Wall Street’s main indexes fell for a third session on Wednesday as healthcare and energy shares slumped and investors sought reasons to buy after the market’s strong rally to start the year.
U.S. President Donald Trump said on Wednesday that trade talks with China are moving along well.
Slowing global growth and the 35-day partial federal government shutdown weighed on the U.S. economy in the first weeks of 2019, but it continued growing amid still-tight labor markets, the Federal Reserve reported on Wednesday.
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company’s shares fell after he laid out a strategy to “lean in” while the rest of the industry cuts back.
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