U.S. stocks drop as trade tensions heighten growth worry
U.S. stocks slumped on Wednesday, with the S&P 500 and Nasdaq testing a key support level, as worries a prolonged trade war between the United States and China would dent global growth pushed investors toward the safety of government bonds.
Apple defends App Store amid mounting criticism
Apple Inc on Wednesday publicly defended its App Store from mounting criticism over its treatment of rivals in a new blog post detailing its functions and guidelines.
Exxon holders reject separate CEO-chairman, climate resolutions
Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the chief executive officer and board chairman roles at the largest publicly traded oil producer.
Wells Fargo adds former Bank of America executive to board
Wells Fargo & Co said on Wednesday the bank’s board of directors had elected former Bank of America Corp executive Charles Noski to join the board.
‘We had no idea’: overdose victim’s dad testifies in J&J Oklahoma opioid trial
The father of a university football player who died of a drug overdose provided emotional testimony about the U.S. opioid epidemic’s personal cost on Wednesday during the second day of trial in a lawsuit by the state of Oklahoma accusing Johnson & Johnson of fueling the crisis.
WeWork looking for $2.75 billion credit line ahead of IPO: Bloomberg
Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.
Boeing surprised Canada changed rules of jet competition to allow Lockheed Martin bid
Boeing Co is surprised Canada softened the rules of a competition for new fighters to allow Lockheed Martin Corp to submit a bid, but is still confident it has a chance, a top executive said on Wednesday.
Ferrari accelerates its move into hybrid cars
Ferrari presented a luxury car with a difference on Wednesday — a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour.
Global stocks drop, bonds rally as trade tensions fan growth fears
Fears that an escalating trade war between the United States and China will slash global economic growth pulled world stock markets down to near two-and-a-half-month lows on Wednesday and continued to feed a rally in safe-haven government bonds.
Fraught Franco-Italian relations a roadblock risk for Renault-FCA
Fiat Chrysler’s proposed $35 billion merger with Renault has cheered investors, won conditional support from Paris and Rome and even earned cautious backing from trade unions.
