Chevron settles Clean Air Act claims: U.S. Justice Department
Chevron Corp has settled claims by the U.S. government and the state of Mississippi that it violated provisions of the Clean Air Act and will spend approximately $162 million as part of the settlement, the U.S. Justice Department said on Wednesday.
Nasdaq confirms correction while S&P 500 and Dow erase 2018 gains
U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.
Verizon to spend $25 million to upgrade Florida network
Verizon Communications Inc said on Wednesday it will spend $25 million to update its network in Florida’s Panhandle, an area hard-hit by service outages after Hurricane Michael.
Asia facing sharp falls after Wall St. rout
Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.
AMD revenue forecast disappoints as crypto demand wanes
Advanced Micro Devices Inc on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker wrestled with waning demand from cryptocurrency miners for its high-margin graphic processors, sending its shares down 22 percent.
Whirlpool counters tariff hit with price hikes, shares surge
U.S. home appliances maker Whirlpool was able to counter costs arising from trade tariffs by raising prices, helping it beat Wall Street estimates for quarterly profit and driving its shares 7 percent higher on Wednesday.
The cloud floats Microsoft earnings again
Microsoft Corp beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software.
Tesla shares jump as Musk delivers quarterly profit, cash
Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new…
Two Wells Fargo executives go on leave of absence amid sales scandal review
Wells Fargo & Co said on Wednesday it put two executives on leave in connection with ongoing regulatory reviews into the bank’s retail sales practices.
Nasdaq confirms correction while S&P and Dow erase 2018 gain
U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.
