UAW union leaders recommend approval of Fiat Chrysler labor deal
United Auto Workers leaders from Fiat Chrysler Automobiles NV’s U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France’s Groupe PSA…
PG&E nearing $13.5 billion deal with wildfire victims -Bloomberg
Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires triggered by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter.
Wall Street bounces back on renewed trade optimism
Wall Street rebounded on Wednesday as investor optimism got a boost from U.S. President Donald Trump’s remarks that talks with China on an interim trade deal were going “very well.”
Exclusive: As Citgo profit rises, pressure to restore dividend grows – sources
Citgo Petroleum Corp’s directors are unlikely to bow to pressure this week to resume dividend payments, two sources close to the discussions said, as the refiner cannot yet help Venezuela’s interim government ease creditors’ claims against its parent P…
Elon Musk, at defamation trial, says he wrote ‘pedo guy’ tweet ‘off the cuff’
Elon Musk wrapped up two days of testimony at his defamation trial on Wednesday, pressing a defense that his “pedo guy” Twitter message at the heart of the case was an “off-the-cuff” insult hurriedly written in anger and not meant to be taken seriously…
Walmart favors ‘reasonable controls’ over collection and use of personal data
(This December 5 story corrects eighth paragraph to say Walmart does not sell but shares individually identifiable data with third parties)
Warren calls for Larry Page testimony, despite change of guard at Alphabet
United States Senator Elizabeth Warren said on Wednesday that she still expects Larry Page to testify in Congress, a day after he stepped down as chief executive of Alphabet Inc , Google’s parent company.
Global stocks rally on renewed trade talk optimism, yields rise
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going “very well” and a news report suggested key differences were being ironed out.
Oil jumps 3% on U.S. stockpiles drop; further OPEC output cuts seen
Oil prices surged more than 3% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.
U.S. Supreme Court skeptical of Intel in retirement fund dispute
U.S. Supreme Court justices on Wednesday appeared skeptical of Intel Corp’s bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars.
