Business & Finance News
The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker’s quarterly earnings announcements.
The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year’s tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.
The U.S. Department of Agriculture’s deputy secretary said on Wednesday he is “hopeful” the administration will complete its rule allowing year-round sales of a higher ethanol blend of gasoline by summer, but the government should use “discretionary enforcement” of the summertime ban if there is a delay.
Cities that were shunned in Amazon.com Inc’s search for a secondary corporate headquarters are revisiting their bids in case one of the actual winners, New York City, rejects the corporate giant due to opposition from local politicians.
Apple Inc logged tens of thousands of miles testing self-driving cars in 2018, up sharply from just hundreds of miles the year before, according to data released Wednesday by the California Department of Motor Vehicles.
Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent.
U.S. Vice President Mike Pence praised Poland on Wednesday for its commitment to “protecting the telecoms sector from China”, as part of a concerted push by the United States to convince its allies to exclude tech giant Huawei from telecoms projects.
The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader tensions with Washington over trade and sanctions.
Alphabet Inc’s Google said on Wednesday it would spend more than $13 billion on data centers and offices in the United States this year.
Apple Inc sharply increased its testing of self-driving cars in 2018, logging tens of thousands of miles compared with only hundreds of miles the year before, according to data released Wednesday by the California Department of Motor Vehicles.
Wall Street’s main indexes traded higher on Wednesday, though off session highs, boosted by rising expectations that the United States and China could reach a deal during their ongoing trade talks, with benign inflation data offering support.
Deutsche Bank is planning to cut 1,950 jobs as part of the integration of its Postbank business, newspaper Handelsblatt reported, citing people familiar with the matter.
Executives from T-Mobile US Inc and Sprint Corp faced questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America.
Congress will not support U.S. military intervention in Venezuela despite hints by President Donald Trump that such action had not been ruled out, the Democratic chairman of the House Foreign Affairs Committee said on Wednesday.
Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems in the negotiations is not welcome news.
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