Ryanair defiant as strike grounds flights in Germany
Pilots and cabin crew at Ryanair in Germany staged a full-day walkout on Wednesday and threatened further strikes as management at Europe’s largest low-cost carrier struggled to rein in an industrial relations revolt.
Brent pushes above $80 a barrel after U.S. crude stock draw
Oil futures climbed on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.
Chinese electric carmaker NIO slumps in U.S. debut
Shares of Chinese electric carmaker NIO Inc fell as much as 15 percent in their market debut, a day after its public offering was priced at the lower end of an expected range, weighed down by investor worries about the prospects of chief rival Tesla In…
Takeda to pack up Illinois HQ, nearly 1,000 workers to be affected
Japan’s Takeda Pharmaceutical Co Ltd said on Wednesday it plans to shut its U.S. headquarters in Deerfield, Illinois and move it to the greater Boston area, following the closing of its Shire Plc acquisition.
Apple website leak suggest iPhones could be named XS, XS Max, Xr
Apple Inc is expected to launch three new iPhones on Wednesday and leaks from Apple website have so far suggested that they will be named XS Max for the top variant, XS for the next level model and Xr for the entry version.
Tech stocks weigh on Wall Street, energy stocks help cut losses
The benchmark S&P 500 and the Dow Jones Industrial Average were flat on Wednesday, as gains in energy companies helped offset a slide in technology stocks, which weighed on the Nasdaq.
Citigroup boosts guidance to reflect improved tax outlook
Citigroup Inc.’s chief financial officer said on Wednesday the bank expects to exceed its previous targets for returns on shareholder equity and cost savings, helped in part by tax reform.
Amazon, Apple, others to testify before U.S. Senate on data privacy September 26
Six major Web companies and internet-service providers, including AT&T Inc, Twitter Inc and Alphabet Inc’s Google, will detail their consumer data privacy practices to a U.S. Senate panel on Sept. 26, according to a congressional statement on Wednesday.
Macy’s boosts holiday season hiring for online business
Macy’s Inc said on Wednesday it would hire 5,500 more seasonal workers over last year at its online fulfillment centers to handle the expected avalanche of orders for the holiday season, as it fends off competition from Walmart and Amazon.
U.S. home refinancing falls to lowest since December 2000: MBA
U.S. mortgage refinancing activity declined to its lowest level in more than 17-1/2 years last week as home borrowing costs rose, the Mortgage Bankers Association said on Wednesday.
