Tighter U.S. foreign investment rules aimed at China start in November
The federal government will tighten rules on foreign investment in sensitive industries like technology and telecommunications next month, the Treasury Department said on Wednesday, as it starts to enforce a law aimed at curbing Chinese investment in 2…
Sears prepares to file for bankruptcy in coming days: sources
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world’s largest retailer.
Tech stocks lead Wall St. slump as investors shun risk
Wall Street tumbled on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping risk appetite.
Graphic: Rising U.S. bond yields bring back Wall Street’s sinking feeling
For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.
Third Point tells Campbell Soup not to hire new CEO before meeting
Third Point LLC warned Campbell Soup Co’s board on Wednesday against picking a new chief executive before next month’s annual meeting, where the hedge fund wants to oust all current directors.
James Murdoch in line to replace Musk as Tesla chairman: FT
Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.
T. Rowe Price raises bet on Tesla in vote of confidence for Musk
Tesla shareholder T. Rowe Price Group Inc raised its stake in the electric car maker by nearly half in the July-September quarter, according to a regulatory filing on Wednesday, an apparent vote of confidence for embattled CEO Elon Musk.
Pentagon says memo asking for Broadcom-CA deal review is likely fake
The U.S. Department of Defense said on Wednesday that a memo purporting to show the Pentagon asking for a national security review of chipmaker Broadcom Inc’s $19 billion deal to buy software company CA Technologies was likely fake.
Sears prepares to file for bankruptcy in the coming days, sources say
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low.
Broadcom says fake Department of Defense memo seeks review of CA Technologies deal
Chipmaker Broadcom Inc said on Wednesday a faked memo, purportedly from the U.S. Department of Defense, had been circulated among lawmakers calling for a review of its $19 billion acquisition of software company CA Technologies .
