Wall Street slips ahead of Fed decision
(Reuters) – U.S. stocks edged lower on Wednesday, with declines in biotechnology and insurers negating Apple’s gains after strong results, as investors await the Federal Reserve’s policy announcement.
Bombardier, Airbus name leaders of new CSeries partnership: memo
MONTREAL/PARIS (Reuters) – Bombardier and Airbus named the top leaders for the CSeries program, in a further step towards finalizing a deal in which the European planemaker will take control of the Canadian jetliner, according to a memo to staff on W…
Exclusive: Apollo Global approaches Xerox about possible acquisition – sources
(Reuters) – Buyout firm Apollo Global Management LLC has approached Xerox Corp to express interest in a possible acquisition, casting new uncertainty over the latter’s sale to Japan’s Fujifilm Holdings , people familiar with the matter said on Wednes…
Aerospace suppliers look to blockchain for parts tracking
BERLIN (Reuters) – Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking parts such as those identified as the cause of a Southwest Airlines accident last month.
Fresenius alleges ‘blatant fraud’ at U.S. drugmaker Akorn
WILMINGTON, Del./NEW YORK (Reuters) – German healthcare group Fresenius alleged it uncovered “blatant fraud at the very top level” of U.S. generic drugmaker Akorn Inc after Fresenius agreed to acquire the company for $4.75 billion, according to a cou…
App redesign haunts Snap as investors flee
(Reuters) – Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat.
South Korea looking into Elliott over disclosure rules: media
SEOUL (Reuters) – South Korean prosecutors are looking into U.S. activist fund Elliott Management to see whether it violated disclosure rules, local media reported on Wednesday.
Buffett draws them in even as Berkshire comes up short
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street, Warren Buffett is something quite different.
Wall Street edges lower on Fed nerves, Apple limits loss
(Reuters) – U.S. stocks fell on Wednesday as caution set in ahead of the Federal Reserve’s regular policy statement, while strong results from Apple kept losses in check.
Ultimate frontier market? Amid thaw, Chinese eye North Korea real estate
BEIJING (Reuters) – Chinese property speculators are starting to bet on a rapid improvement in relations between North Korea and the rest of the world, pushing up prices in the border city of Dandong and even spurring buying interest in the world’s mos…
