Delta Air shares slip as rising fuel costs weigh on profits
NEW YORK (Reuters) – Delta Air Lines on Wednesday lowered its second quarter profit forecast due to rising fuel costs, and its shares fell as much as nearly 4 percent before trimming those losses.
Whiskey maker Brown-Forman steps up overseas shipment as trade war looms
(Reuters) – Jack Daniel’s maker Brown-Forman Corp said it has been trying to mitigate risk of potential retaliatory tariffs from top U.S. trade allies by increasing shipments to some markets overseas in the last few months.
Twitter to offer $1 billion convertible note as shares rally
(Reuters) – Twitter Inc is preparing a $1 billion convertible note offering, the social media hub said on Wednesday, one day after news that it would be included in the S&P 500 index sent its shares up 5 percent to a more than three-year high.
Banks lift S&P; Tesla drives Nasdaq to record high
(Reuters) – Wall Street edged higher on Wednesday as banks stocks lifted the S&P 500 and the Dow, while gains for Amazon and Tesla helped the Nasdaq notch another day of record gains.
Farmer pressure forces Trump biofuel policy suspension; credit prices jump
(Reuters) – Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel credit prices soaring more than 40 percent o…
PetSmart taps advisers to trim $8 billion debt pile: sources
(Reuters) – PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter.
Tech stocks mixed after recent surge; banks lift S&P, Dow
(Reuters) – Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.
Indian police source says still seeking to quiz AirAsia boss; airline denies summons
NEW DELHI (Reuters) – India’s federal police will again ask AirAsia Group’s chief to appear for questioning over allegations the airline broke rules to obtain a flying license in the country, a source said on Wednesday, after he failed to answer a pre…
Lawmakers press Facebook over Chinese data sharing
WASHINGTON (Reuters) – Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing after the social media giant said it had collaborated with at least four Chinese companies, including a smartphone make…
Wall Street opens higher, Nasdaq ticks to another record
(Reuters) – U.S. stock indexes opened higher on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers, while the tech-heavy Nasdaq inched to another record high.
