Tech stocks lead Wall Street slump as investors shun risk
Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.
CVS, Aetna win U.S. approval for $69 billion deal
Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc , the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consume…
Chinese slowdown fears hit LVMH shares and luxury rivals
Robust sales growth at luxury goods leader LVMH in the third quarter failed on Wednesday to quell fears that Chinese demand for high-end fashion and handbags will start waning, sending its shares lower and rattling those of competitors.
Equities slide to three-month low as tech stocks plunge
World equities slid to a three-month low on Wednesday and Wall Street fell more than 2 percent as technology shares tumbled on fears of slowing demand, while rising U.S. bond yields provided competition for high-riding stocks.
Sears prepares to file for bankruptcy as early as Friday: sources
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection as early as Friday, 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.
CVS, Aetna win U.S. approval for $69 billion merger
Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc , the Justice Department said on Wednesday, paving the way for a combination the companies say can help cut soaring U.S. healthcare …
Volkswagen names new America group CEO
Volkswagen AG on Wednesday named a new head of its America group as the German automaker pushes to boost SUV sales amid weakening demand for cars.
Tech, luxury goods lead Wall Street slide
U.S. stock indexes dived around 1 percent on Wednesday as worries over China and the impact of rising Treasury yields on global growth drove falls in luxury goods companies and chipmakers.
Justice Department expected to approve CVS deal for Aetna as soon as Wednesday: source
The U.S. Justice Department is expected to approve drug retailer CVS Health Corp’s deal to buy health insurer Aetna Inc as soon as Wednesday, a source familiar with the review said.
Sears preparing to file for bankruptcy as early as Friday: sources
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer.
