Wall Street closes higher with help from technology stocks
Wall Street rallied for a fourth session on Wednesday, propelled by Apple, chipmakers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China.
Mexican fuel shortage worries industry as lines grow in capital
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at gas stations grew in the capital on Wednesday.
Lennar sees housing demand rebounding, shares up nearly 10 percent
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.
BlackRock elevates executive behind fast-growing ETF unit: memo
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink. Mark Wiedm…
Renault’s CEO moved tax domicile to Netherlands in 2012: paper
Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had his tax domicile France since 2012, opting instead for the more fiscally favorable Netherlands, French newspaper Liberation reported on Wednesday.
BlackRock elevates executive behind key ETF unit: memo
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink.
Watchdog orders Deutsche Bank to re-examine 20,000 risky customers by June
Germany’s financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its “know your customer” process, a person familiar with the matter said on Wednesday.
Danske Bank, ex-CEO are sued in U.S. over money laundering scandal
Danske Bank A/S and four former top executives were sued on Wednesday by a U.S. shareholder that accused Denmark’s largest bank of defrauding investors and inflating its share price by hiding and failing to stop widespread money laundering at its Eston…
New York’s iconic Chrysler Building put up for sale
The Chrysler Building, an Art Deco masterpiece that has been a defining image of New York City’s skyline for decades, has been put up for sale, a minority owner of the building and a broker hired to market the property said on Wednesday.
Former Insys CEO pleads guilty to opioid kickback scheme
The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.
