Mylan shares sink as bleak profit outlook sparks growth concerns
Mylan NV shares slid 10 percent on Wednesday after the generic drug maker predicted poor 2019 earnings that led some Wall Street analysts to wonder if its finances would worsen further.
U.S. goods trade deficit widens sharply in December
The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter.
Wall St. opens lower as Trump-Kim summit begins, India-Pakistan tensions flare
U.S. stocks opened slightly lower on Wednesday, as the second U.S.-North Korean nuclear summit kicked off and tensions flared up between nuclear-armed neighbors India and Pakistan.
Ford’s China JV ends some contracts with job agencies as sales fall
Ford Motor Co’s joint venture with China Changan Automobile Group has decided not to renew its contract with some agencies supplying it with workers, as carmakers struggle to cope with slumping sales in China.
Best Buy shares surge on upbeat profit view, robust holiday quarter
Best Buy Co Inc gave an upbeat profit forecast for the year while reporting better-than-expected holiday-quarter sales on Wednesday, as it benefited from higher demand for wearable devices, gaming consoles and appliances.
VW praises Ford’s autonomous tech as partnership talks continue
Volkswagen on Wednesday praised its cooperation with Ford and took pains to highlight its rival’s autonomous vehicles technology, as both carmakers explore deepening their partnership to include self-driving cars.
Germany’s Merck makes $5.9 billion counterbid for Versum
German drugs and lab supplies maker Merck KGaA offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. rival Entegris, as both seek to boost their electrochemicals operations.
EU needs financial police, money-laundering watchdog: lawmakers
The European Union should set up a police force to investigate tax evasion and financial crime and create a watchdog to counter money-laundering, EU lawmakers said in a report on Wednesday, which accuses seven member states of acting as tax havens.
TJX holiday quarter same-stores sales beat estimates
Off-price apparel retailer TJX Cos Inc reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.
Volkswagen deepens cloud computing partnership with Microsoft
Volkswagen said on Wednesday it had struck a deal with Microsoft to cooperate on cloud computing in China and the United States, as part of its drive to offer connected vehicle services across the globe.
