Xerox in $33 billion bid for HP: sources
U.S. printer maker Xerox Holdings Corp has made a roughly $33 billion cash-and-stock offer for personal computer maker HP Inc, a company more than three times its size, people familiar with the matter said on Wednesday.
Exclusive: U.S.-China trade deal signing could be delayed to December; London a possible venue – source
A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Re…
Blackstone CEO is optimistic U.S., China will agree trade deal
Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long trade war, helping to ease tensions between two of the world’s biggest e…
CVS quarterly profit beats expectations; shares rise as it eyes growth
CVS Health Corp reported higher-than-expected third-quarter profit on Wednesday as medical costs in its Aetna health insurance business came in below forecasts, and the company said its new strategy of using in-pharmacy clinics would contain healthcar…
Wall St. little changed but report trade deal could be delayed weighs
U.S. stocks were near flat on Wednesday as a report that the U.S.-China deal could be delayed until December increased worries about how long the trade war will go on, while healthcare shares supported the market.
Flood of trades sends Uber to record low as insiders allowed to sell
Uber Technologies Inc’s stock dropped 3% to a record low in its busiest trading session since the ride-hailing company’s Wall Street debut as employees and early investors on Wednesday became free to sell their shares.
U.S. lawmakers seek to ban federal pension fund from investing in China
A group of U.S. lawmakers introduced legislation on Wednesday that would block a federal retirement fund from investing in Chinese stocks.
Regulators find gaps in Boeing’s 737 MAX software documentation: sources
Regulators have asked Boeing Co to fill in gaps in the documentation on its proposed 737 MAX software fix, industry sources told Reuters, raising new questions over the planemaker’s hopes to return the jet to U.S. service by year-end.
Oil prices fall on large U.S. crude build, delay in U.S.-China trade signing
Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
Lufthansa crew strike set to go ahead on Thursday after court ruling
A two-day strike by Lufthansa cabin crew was set to begin on Thursday after a German court ruled late on Wednesday against management’s efforts to stop it.
