Business & Finance News
Alphabet Inc, Facebook Inc, Netflix Inc and others will be in focus on Sept. 24 when they are moved out of the tech and consumer discretionary sectors into a deepened pool of communication and media stocks.
Comcast Corp’s bid of 14.75 pound for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said on Wednesday, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date.
United Technologies Corp will pay $13.9 million to settle charges it made illegal payments or provided trips and gifts to officials from Azerbaijan, China, Kuwait, South Korea, Pakistan, Thailand and Indonesia in order to obtain business, the top U.S. securities regulator said on Wednesday.
Boeing expects to deliver roughly as many 737 narrowbody jetliners in September as the company delivered in August as it works to bounce back from a manufacturing logjam triggered by supplier delays, its chief executive officer said on Wednesday.
Mexico expects U.S.-Canada talks on trade to yield an agreement, but Mexico must be ready to pursue a bilateral trade deal with the United States if Ottawa and Washington do not come to terms, Mexican Economy Minister Ildefonso Guajardo said on Wednesday.
The European Union’s chief executive on Wednesday proposed hefty fines on Google, Facebook, Twitter and other online platforms if they fail to remove extremist content within one hour.
Macy’s Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year’s initial hiring, and deploy more hands to cater to the avalanche of online orders expected in the shopping period.
Boeing expects to deliver roughly as many 737 narrowbody jetliners in September as the company delivered in August as it works to bounce back from a manufacturing logjam triggered by supplier delays, its chief executive officer said on Wednesday.
The Nasdaq fell on Wednesday, weighed down by a drop in Apple and other companies on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boosted the Dow Industrials.
An index of global stocks rose on Wednesday, helped by a report that Washington is proposing a new round of trade talks with Beijing and resurgent oil prices pumping up energy names.
U.S. investors Blackstone and Centerbridge are considering a 3 billion-euro ($3.5 billion) offer for Banco Santander’s headquarters in Madrid, two sources with knowledge of the matter said on Wednesday.
Former Volkswagen (VW) Chief Executive Martin Winterkorn and Bosch CEO Volkmar Denner are no longer expected to testify in a trial brought against VW’s main shareholder Porsche SE by investors, according to a judge.
Oil futures climbed on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.
Shares of Chinese electric carmaker NIO Inc fell as much as 15 percent in their market debut, a day after its public offering was priced at the lower end of an expected range, weighed down by investor worries about the prospects of chief rival Tesla Inc.
Japan’s Takeda Pharmaceutical Co Ltd said on Wednesday it plans to shut its U.S. headquarters in Deerfield, Illinois and move it to the greater Boston area, following the closing of its Shire Plc acquisition.
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