Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparse
Uber drivers in London and major U.S. cities held a series of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.
Disney parks lift earnings, ‘Avengers: Endgame’ streaming date announced
Walt Disney Co’s theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company’s bid to draw audiences to streaming media.
Wells Fargo creates new unit focused on regulatory compliance
Wells Fargo & Co is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters.
Timeline: Key dates in the U.S.-China trade war
The U.S.-China trade war entered a critical phase this week. The following timeline details key moments in the souring trade relationship between the world’s two largest economies.
Trump ‘happy’ to keep tariffs on Chinese goods; Beijing prepares retaliation
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports as the two countries prepare for new talks to try to rescue a faltering trade deal amid a sharp increase in U.S. duties.
Intel shares drop, three-year outlook seen lagging rivals
Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology.
Global stocks slip on U.S.-China trade concerns, bonds fall
A gauge of world equity markets slid and the dollar traded near break-even on Wednesday over growing concerns about the latest U.S.-China trade talks and as the United States moved closer to raising tariffs on $200 billion worth of Chinese imports.
Air Italy expects profits ‘very soon’ despite pilots idled by Boeing crisis
An Air Italy executive has joined a chorus of global airlines hurt by grounded Boeing 737 MAX jets but expects the airline to be profitable “very soon” and carrying five times as many passengers by 2022.
Huawei CFO to seek extradition stay citing Trump comments
Huawei’s chief financial officer intends to seek a stay of extradition proceedings in part based on statements by President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the matter in Canada.
Under pressure from Trump, GM in talks to sell idled Ohio plant
Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
