China’s ZTE delays earnings amid confusion over U.S. ban
SAN FRANCISCO/NEW YORK (Reuters) – China’s ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its abilit…
AmEx profit tops estimates on customer spending surge, shares rise
(Reuters) – Credit card issuer American Express Co topped Wall Street targets for quarterly profit and forecast annual earnings at the high end of its expected range as a strengthening U.S. economy contributed to higher customer spending.
S&P edges higher on energy, industrials but Dow slips
NEW YORK (Reuters) – The S&P 500 eked out a small gain while the Dow ended lower after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes.
Energy, transport stocks lift Wall Street, IBM drags
NEW YORK (Reuters) – The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes.
SunPower buys U.S. rival SolarWorld to head off Trump tariffs
(Reuters) – SunPower Corp on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports.
U.S. economic growth on track despite tariff concerns: Fed report
WASHINGTON (Reuters) – “Robust” business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the o…
Time Warner CEO says merger with AT&T needed to compete with internet titans
WASHINGTON (Reuters) – Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company’s planned merger with AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.
GM abruptly replaces head of Cadillac brand
(Reuters) – General Motors Co said on Wednesday that it was replacing Johan de Nysschen as head of its Cadillac brand, ahead of the launch of a new sport utility vehicle central to GM’s hopes for luxury market growth.
Energy, industrial stocks lift Wall Street, IBM drags
(Reuters) – Wall Street edged higher in a volatile session on Wednesday as industrial stocks gained on strong results from some marquee companies and a jump in oil prices boosted energy stocks.
Zuckerberg under pressure to face EU lawmakers over data scandal
STRASBOURG (Reuters) – Facebook Inc’s Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans.
