Dish beats profit estimates, expects more subscriber losses
Dish Network Corp beat Wall Street estimates for quarterly profit on Wednesday, as the U.S. satellite TV provider benefited from lower programming costs due to a blackout of Univision channels.
Italy’s antitrust opens probe into Ryanair’s, Wizz Air’s hand luggage policies
Italy’s antitrust said on Wednesday it was opening a probe against Ryanair and Wizz Air over their new hand luggage policies.
Michigan vote to legalize pot fires up investor momentum behind cannabis
Michigan’s vote Tuesday to become the 10th U.S. state where the recreational use of cannabis is legal is adding more momentum to a trend that some investors now say is inevitable: that marijuana will become legal nationwide within the next 5 years.
Samsung to invest $22 billion in AI by 2020
Samsung Electronics Co said on Wednesday it planned to invest $22 billion in artificial intelligence technology by 2020.
Trump would consider regulating social media companies but calls for caution
U.S. President Donald Trump said on Wednesday he would consider working with Democrats to regulate social media companies, several of which he has accused, without evidence, of being biased against him and other conservatives.
SEC fines Citibank more than $38 million for mishandling ADRs
Citibank will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.
EU executive conditionally approves Daimler, BMW car-sharing deal
The European Union’s competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions.
Wall Street surges on relief after midterms; tech, healthcare rally
U.S. stocks surged on Wednesday as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress and fueled bets that tighter regulations in these sectors would be harder to push through.
U.S. SEC fines Citibank more than $38 million for mishandling ADRS
Citibank will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.
Regulators warn Wells Fargo over technology oversight: WSJ
Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
