Wall St. muted with focus on trade talks, Fed minutes
U.S. stocks were little changed on Wednesday as investors weighed the latest developments in trade talks between the United States and China, while waiting for minutes from the Federal Reserve’s January policy-setting meeting.
Bristol-Myers says Starboard nominated five directors, bought shares
Bristol-Myers Squibb Co said on Wednesday that activist hedge fund Starboard Value LP intends to nominate five directors to the U.S. drugmaker’s board, one month after it announced a $74 billion deal to acquire peer Celgene Corp.
Southwest probes cancellations, says shutdown cost $60 million
Southwest Airlines Co added a $60 million hit from the recent U.S. government shutdown to its list of headaches on Wednesday as it investigated whether a conflict with its mechanics union was adding to a rise in flight cancellations.
Britain managing Huawei risks, has no evidence of spying: official
Britain is able to manage the security risks of using Huawei equipment in national telecoms networks and has not seen any evidence of malicious activity by the company, the head of Britain’s National Cyber Security Centre said on Wednesday.
Steve Cohen’s venture firm invests in U.S. cybersecurity company
Billionaire investor Steve Cohen’s Point72 Ventures has invested in a U.S. cybersecurity firm that will provide a way to detect, alert, and protect against data- and identity-related attacks, according to one of the venture capital company’s top offici…
Alitalia will not be nationalized, needs market solution: economy minister
Italian Economy Minister Giovanni Tria said on Wednesday that Alitalia, which is under special administration, will not be nationalized, adding that the government wants a market solution to keep the airline operating.
EU governments endorse copyright reform – statement
Representatives of European Union governments endorsed on Wednesday a deal reached with the EU Parliament on the overhaul of the bloc’s copyright rules, the Romanian presidency of the EU said in a statement on Twitter.
EU countries back copyright reforms aimed at Google, Facebook
European Union countries on Wednesday endorsed an overhaul of the bloc’s copyright rules which would force Google and Facebook Inc to pay publishers for news snippets and filter out copyright-protected content on YouTube or Instagram.
Estonia investigates alleged Swedbank link to money laundering scandal
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday.
Wall St. opens flat as investors assess U.S.-China trade talks
U.S. stocks opened little changed on Wednesday, after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.
