Wall Street falls on concerns about U.S.-China trade deal progress
Wall Street’s main indexes ended Wednesday’s session lower on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve’s October policy meeting appeared to offer little…
U.S. lawmakers question Google about collection of health records
U.S. Presidential candidate Elizabeth Warren along with fellow Senators Richard Blumenthal and Bill Cassidy wrote a letter to Alphabet’s Google on Wednesday to raise questions about its access to the health records of tens of millions of Americans.
Charity to pay $4 million to resolve U.S. pharma kickback probe
A Florida-based charity will pay $4 million to resolve claims that it acted as a conduit for companies including Biogen Inc and Novartis AG to pay kickbacks to Medicare patients using their high-priced multiple sclerosis drugs, the U.S. Justice Departm…
United Auto Workers accuse union president of false accounting
The United Auto Workers (UAW) said on Wednesday it has filed charges under its bylaws against its president, accusing him of “false, misleading and inaccurate expense records” and saying those charges could lead to his removal from his elected office a…
Fed minutes show rates on hold, little hurry to change course
A divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut in October signaled in minutes of last month’s meeting it was in no hurry to reassess the path of interest rates.
Ukraine widens probe against Burisma founder to embezzlement of state funds
Ukraine has widened its investigation into the founder of energy company Burisma to include suspicion of embezzling state funds, Prosecutor General Ruslan Ryaboshapka said on Wednesday.
Mitsubishi Heavy Industries has skills to build Airbus wings: CEO
Mitsubishi Heavy Industries Ltd is confident that it has the technical and production know-how to build high-tech wings for Airbus SE jetliners, the chief executive of the Japanese conglomerate said on Wednesday.
Shares slide on U.S.-China spat over Hong Kong, dollar gains
Global stock markets stumbled and the dollar gained on Wednesday after China blasted a U.S. Senate bill aimed at protecting human rights in Hong Kong, the latest obstacle to easing tensions in a prolonged Sino-U.S. trade war that has dented growth worl…
Oil jumps over 2% after U.S. inventory data, Russia OPEC comments
Oil prices surged more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
GM sues Fiat Chrysler, alleging union bribery scheme cost it billions
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing…
