Business & Finance News
BOSTON (Reuters) – Danish drugmaker Lundbeck said on Wednesday that it had reached a deal to pay $52.6 million to resolve a U.S. probe into its financial support of patient assistance charitable foundations.
WASHINGTON (Reuters) – Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing after the social media giant said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns.
NEW YORK (Reuters) – Wall Street’s three major indexes added to gains late in Wednesday’s session as the S&P 500 and the Dow were boosted by financial and industrial stocks and ebbing trade-war fears while the Nasdaq was set for a fourth straight day of gains.
NEW YORK (Reuters) – The shares of so-called dollar stores have suffered as U.S. shoppers have started spending more at bargain retailers with focused concepts and big discount chains.
LONDON (Reuters) – The editor of Britain’s Daily Mail tabloid Paul Dacre will stand down by his 70th birthday in November to become chairman and editor-in-chief of the title’s publisher, Associated Newspapers, Daily Mail and General Trust said on Wednesday.
WASHINGTON/OTTAWA (Reuters) – U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada.
MOUNTAIN VIEW, Calif. (Reuters) – Alphabet Inc’s shareholders, including top executives, voted down several proposals on Wednesday, defeating campaigns to tie pay to diversity goals and to get the Google parent to provide more data about efforts to moderate user-generated content.
(Reuters) – Swiss bank UBS Group AG is cutting jobs at its asset management unit while it focuses on growth in China along with passive and sustainable investing, Bloomberg said on Wednesday.
(Reuters) – Wall Street’s tech-heavy Nasdaq index was on track for its fourth straight day of gains on Wednesday, hitting a record high, while the S&P 500 and the Dow also inched higher.
CALGARY, Alberta (Reuters) – Canada’s Enbridge Inc faces an indefinite delay to its biggest-ever capital project if a U.S. state regulator denies its preferred pipeline route through Minnesota, but a victory would spell relief for Canadian oil shippers and northern U.S. refiners.
(Reuters) – Alphabet Inc’s top executives voted down several shareholder proposals on Wednesday, defeating campaigns to tie their pay to hiring diversity goals and to get the Google parent to provide more data about efforts to moderate user-generated content.
BERLIN/FRANKFURT (Reuters) – Volkswagen faces production stoppages next quarter due to bottlenecks caused by new lab tests for emissions and fuel consumption, and will discuss the implications for workers in the coming days, it said on Wednesday.
OTTAWA (Reuters) – Top U.S. allies are set for a showdown with Washington at this week’s G7 summit in Canada as the Trump administration shows no sign of backing down from protectionist policies that have upset trading partners and unnerved investors.
NEW YORK (Reuters) – Delta Air Lines on Wednesday lowered its second quarter profit forecast due to rising fuel costs, and its shares fell as much as nearly 4 percent before trimming those losses.
(Reuters) – Twitter is preparing a $1 billion convertible note offering, the social media hub said on Wednesday, one day after news that it would be included in the S&P 500 Index sent its shares up 5 percent to the highest price in more than three years.
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