Walmart’s LatAm delivery app Cornershop eyeing Canada and U.S
Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said.
PG&E shares and bonds plunge as California wildfire risks mount
PG&E Corp , the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face “significant liability” in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower.
Lockheed gets interim payment for first multiyear F-35 contract: Pentagon
Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.
Oil rebounds from steep sell-off as OPEC, partners discuss supply cut
Oil rose about 1 percent on Wednesday, recouping some of the previous session’s heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up pri…
Prominent managers loaded up on Apple before recent tumble
Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker’s stock would keep rising as strong growth overshadowed rising trade tensions bet…
Suncor CEO to retire next year, be replaced by COO
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company’s chief operating officer taking over the top job at that time.
S&P 500 falls for fifth day as financials drag
Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.
Oil claws back after plunge, sterling rises on Brexit deal
Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session’s steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her cabinet’s backing for her Brexit deal.
Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work
Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp.
FCC launches first U.S. high-band 5G spectrum auction
The Federal Communications Commission on Wednesday launched the agency’s first high-band 5G spectrum auction as it works to clear space for next-generation faster networks.
