Uber wins appeal in Brazil, court says drivers are not employees
A Brazilian higher court for labor ruled on Wednesday that there was no employment relationship between Uber and its drivers, siding with the ride-hailing company against a Sao Paulo driver.
Texas AG says break-up, all other remedies on the table in Google probe
Texas Attorney General Ken Paxton, who is leading a multistate investigation into Alphabet Inc’s Google unit, said on Wednesday he has not taken any possible punishment off the table, including breaking up the search and advertising giant.
Oil prices jump 4% after reports of coronavirus drug breakthrough
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
Wall Street rises on strong domestic data; Tesla limits Nasdaq’s advance
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data pointed to strength in the U.S. economy, but losses in Tesla shares pulled the Nasdaq off its record high.
Tesla tumbles as coronavirus weighs on Shanghai factory
Shares of Tesla tumbled 19% on Wednesday, hitting the brakes on a dramatic rally after a senior executive warned the coronavirus outbreak in China would delay deliveries of Model 3 cars made at its Shanghai plant.
Ackman’s Pershing Square exits Starbucks, sticks by Chipotle, sees gains at Agilent
Investor William Ackman told clients on Wednesday that Pershing Square Capital Management exited its Starbucks Corp position as future growth looks less robust but will stick with last year’s biggest winner, Chipotle Mexican Grill Inc. .
U.S. trade deficit narrows in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
Ford says Canadian agency investigating emissions certification process
Ford Motor Co said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process.
Nasdaq proposes exclusive exchange trading for illiquid stocks
Nasdaq Inc asked regulators on Wednesday to allow issuers of thinly-traded stocks listed on its exchange to trade almost exclusively on Nasdaq, as part of a broader plan to boost trading in small- and mid-sized companies.
Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state – sources
South Korea’s Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks t…
