Business & Finance News
Investors in the debt of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize.
U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday.
Comcast Corp said it had received valid acceptances for shares representing just 0.21 percent of Sky Plc after its 14.75 pound per share offer to buy 61 percent of the European broadcaster.
The S&P 500 marked its longest bull-market run on Wednesday, but stocks were largely flat ahead of trade talks and the Federal Reserve’s minutes, with investors worrying about the impact of the legal woes of two ex-advisers on President Donald Trump.
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.
Amazon.com Inc said on Wednesday it will start selling sportswear and clothing on its Brazilian site, bolstering the list of products that third party vendors offer on its local e-commerce marketplace.
Benchmark U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar weakened further on Wednesday as investors assess how a conviction and a guilty plea of two former advisers impact U.S. President Donald Trump.
The S&P 500 marked its longest bull-market run with slight gains on Wednesday, although caution prevailed ahead of trade talks, the Federal Reserve’s minutes and the threat to President Donald Trump’s position due to the legal woes of two ex-advisers.
Apple is set to win unconditional EU antitrust approval for its planned acquisition of British music discovery app Shazam, two people familiar with the matter said on Wednesday.
Goldman Sachs said on Wednesday it had sold its new European headquarters in London to South Korea’s National Pension Service for 1.17 billion pounds ($1.49 billion).
EU antitrust regulators are set to approve Apple’s bid for British music discovery app Shazam without demanding concessions, two people familiar with the matter said on Wednesday.
Lowe’s Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years.
Fiat Chrysler (FCA) is pressing ahead with the spin- off of its parts maker Magneti Marelli, a spokesman confirmed in Wednesday after reports investment firm KKR was in talks to acquire the unit.
Target Corp reported its best comparable-sales growth in 13 years and said a strong economy lifted customer visits to the most in a decade, sending its stock to a record high on Wednesday.
One of Switzerland’s largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow.
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