Business & Finance News
The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run on investors’ optimism about global economic growth, though a steep drop in FedEx Corp shares limited gains.
A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil’s national mining regulator said late on Tuesday.
BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver.
Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter.
U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies , people familiar with the matter said on Wednesday.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
Billed as a merger of equals, PSA’s $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.
The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors’ optimism about the global economy remained strong, while a steep drop in FedEx shares limited further gains.
British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including some influencers’ accounts, the UK’s advertising watchdog ruled on Wednesday.
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.
A Peruvian prosecutor’s office said it was investigating the death of two teenaged employees in a McDonald’s-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.
Daimler AG’s Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
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