Oil steady as trade concerns vie with drop in inventories
Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices.
Former Exxon chief Rex Tillerson to testify in climate change fraud trial
Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.
Trade and Fed rate worries offset $50 billion M&A deal news, sapping stocks’ strength
World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. interest rate cut was offset by reports a Sino-U.S. trade deal may be delayed, but a possible $50 billion merger between Fiat-Chrysler and PSA capped European losses.
U.S. lawmakers will press Boeing CEO on Day 2 of testimony
Boeing Co Chief Executive Dennis Muilenburg faces a second day of questions Wednesday from U.S. lawmakers on its now grounded 737 MAX after sharp criticism at a Senate hearing Tuesday.
GE posts another loss, raises cash flow forecast
General Electric Co on Wednesday posted a $1.3 billion loss in the third quarter as it continued its efforts to reboot several of its businesses after taking a $22 billion charge a year ago.
Huawei tightens China market hold with 42% share at expense of iPhones: Canalys
Huawei Technologies captured a record 42% of China’s smartphone market in the third quarter as local consumers rallied behind it after U.S. sanctions, leaving Apple to languish towards the bottom of the pile, market data showed.
Exclusive: J&J’s own expert, working for FDA, found asbestos in Baby Powder
Ever since Johnson & Johnson disclosed this month that a government test had turned up asbestos in its Baby Powder, the company has attacked the validity of the result.
Fiat Chrysler and Peugeot confirm talks over potential $50 billion tie-up
Fiat Chrysler and Peugeot owner PSA are in talks over a potential tie-up that could create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the global auto industry.
Italy government following tie-up talks between FCA and Peugeot: minister
The Italian government is following talks between Fiat Chrysler and Peugeot owner PSA over a possible tie-up, Industry Minister Stefano Patuanelli said on Wednesday.
Bayer says U.S. plaintiffs on glyphosate more than double since July
Germany’s Bayer is now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer, more than twice the tally in July, raising the stakes in the group’s efforts to reach a settlement.
