U.S. state of Arizona files consumer fraud lawsuit against Google
Arizona filed a consumer fraud lawsuit against Alphabet Inc’s Google on Wednesday, alleging that the U.S. tech giant used “deceptive” and “unfair” practices to obtain the location data of users.
Trump will sign an executive order on social media companies: White House spokeswoman
U.S. President Donald Trump will sign an executive order shortly regarding social media companies, a White House spokeswoman said on Wednesday.
Wall Street rises with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Exxon shareholders soundly reject splitting CEO/chairman roles
Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
JPMorgan’s investment banking head: quarterly revenues tracking 50% up from 2019
JPMorgan Chase & Co’s head of its corporate and investment banking division said second-quarter revenues for its markets unit are on track to be up more than 50% higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues.
Carl Icahn exits Hertz with ‘significant’ loss
Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a “significant loss”, days after the car rental pioneer filed for bankruptcy protection.
Boeing resumes 737 MAX production at low rate
Boeing Co on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a “low rate” after halting production in January following two crashes that killed 346 people.
United reshuffles management as it prepares for uncertain recovery
United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees on Wednesday, as restrictions to keep the coronavirus from sprea…
Oil slides on U.S.-China tensions, OPEC+ uncertainty
Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts.
Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the COVID-19 pandemic.
