Target, Lowe’s earnings push Wall Street higher
U.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe’s and Target, while investors awaited release of the Fed minutes for further clues on the path of future rate cuts.
Commerzbank mulls branch closures as part of broader strategy review
German lender Commerzbank is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank collapsed earlier this year, people familiar with the matter said on Wednesday.
Exclusive: Checks to be ordered after 2017 Airbus A380 engine explosion
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.
Trump heaps pressure on Fed and its chairman Powell to cut rates
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country’s ability to compete economically.
U.S. home refinancing activity hits three-year high: MBA
U.S. homeowners filed the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since late 2016, the Mortgage Bankers Association said on Wednesday.
Danish regulator prepares report for police on Danske overcharging
Denmark’s financial watchdog has prepared a draft report to send to Danish police over Danske Bank’s overcharging of customers, a scandal that led to the dismissal of the bank’s former interim chief executive.
Osram to clear way for AMS takeover offer tonight: sources
Osram is likely to waive an agreement on Wednesday that currently prevents AMS from making a takeover bid, paving the way for the Austrian group to enter the ring against a bid from private equity investors, two sources told Reuters.
Amazon opens its biggest global campus in India
Amazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.
Target surges on same-day service boost
Target Corp raised its annual profit forecast on Wednesday after reporting better-than-expected quarterly results as higher investments to remodel stores and beef up digital business drew in more shoppers, sending shares up 17%.
Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft
Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company’s Brazil operations last year, Reuters ha…
