Blank-check company IPOs moving ahead despite U.S. government shutdown
A corner of the market for initial public offerings is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
Amazon spends company record on U.S. lobbying in 2018: filing
Amazon.com Inc spent $14.19 million on lobbying the U.S. government in 2018, according to a regulatory filing, beating its year-ago record, as large U.S. technology companies pushed back on issues such as privacy, immigration and new tariffs.
Wall Street mixed as shutdown, trade tensions dampen upbeat earnings
Wall Street struggled for direction on Wednesday, as early gains driven by a spate of upbeat earnings were offset by concerns about a potential economic downturn, trade tensions and longest government shutdown in U.S. history.
New Zealand PM says country is not discriminating against Huawei
New Zealand’s prime minister has assured Chinese telecoms equipment group Huawei Technologies Co Ltd of even-handed treatment after the small U.S. ally blocked the sale of some Huawei equipment citing national security concerns.
U.S. sanctions on Venezuela would reroute crude, leave refiners short
Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.
Tesla to cut production hours for Model S and X
Tesla Inc said on Wednesday it is reducing production hours for higher-priced Model S and Model X cars, just days after saying it would cut jobs as the electric carmaker looks to make more affordable versions of the Model 3 sedan.
Activist target Pernod boosts board independence with new role
French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance.
Wall Street hit again by growth worries; blue-chip earnings prop up Dow
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips.
Sandberg says Facebook must earn back trust
Facebook Inc’s operations chief Sheryl Sandberg said on Wednesday that the world’s largest social network needed to win back public trust after facing scandals for violating its users’ privacy.
Comcast tops profit forecasts as broadband business grows
Comcast Corp beat Wall Street profit and revenue estimates on Wednesday as its high-speed internet business grew and it lost fewer cable subscribers than expected.
