Business & Finance News
(Reuters) – Wall Street edged higher on Wednesday as banks stocks lifted the S&P 500 and the Dow, while gains for Amazon and Tesla helped the Nasdaq notch another day of record gains.
(Reuters) – Jack Daniel’s maker Brown-Forman Corp said it has been trying to mitigate risk of potential retaliatory tariffs from top U.S. trade allies by increasing shipments to some markets overseas in the last few months.
(Reuters) – Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel credit prices soaring more than 40 percent on Wednesday.
(Reuters) – PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter.
(Reuters) – Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.
NEW DELHI (Reuters) – India’s federal police will again ask AirAsia Group’s chief to appear for questioning over allegations the airline broke rules to obtain a flying license in the country, a source said on Wednesday, after he failed to answer a previous request.
(Reuters) – U.S. stock indexes opened higher on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers, while the tech-heavy Nasdaq inched to another record high.
(Reuters) – Tesla Inc shares rose 3.5 percent on Wednesday morning after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June.
(Reuters) – Healthcare software maker Athenahealth Inc said on Wednesday Chief Executive Officer Jonathan Bush has stepped down and the company would explore options, including selling itself.
WASHINGTON (Reuters) – Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing practices after the social media company said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns.
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
ZURICH (Reuters) – The Swiss attorney general’s office (OAG) said on Wednesday it will not bring proceedings against Novartis in connection with $1.2 million in payments the Swiss drugmaker made to U.S. President Donald Trump’s personal lawyer.
FRANKFURT (Reuters) – Volkswagen will discuss with workers in the coming days for how long it will shut production at its main plant in Wolfsburg in September due to the switch to new lab test standards WLTP, its chief executive told VW staff on Wednesday.
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
LONDON (Reuters) – The euro rose to a 10-day high on Wednesday after hawkish comments from the European Central Bank, putting more upward pressure on bond yields and sinking some stocks as worries over Italy also weighed.
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