Amazon sheds $52 billion in market value after report on Trump threat
(Reuters) – Amazon.com Inc’s shares fell as much as 7 percent on Wednesday, wiping out about $52 billion from the company’s market value, after a report that U.S. President Donald Trump wants to go after the U.S. tech giant.
Nasdaq books losses as Amazon, Apple drag
(Reuters) – The Nasdaq Composite index was sharply lower on Wednesday, dragged down by losses in Amazon and tech heavyweights such as Apple and Intel.
Tesla shares fall sharply for second straight day
NEW YORK (Reuters) – Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody’s Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.
Volkswagen unveils concept pickup truck at New York auto show
NEW YORK (Reuters) – Volkswagen AG unveiled a prototype pickup truck at the New York auto show on Wednesday, a vehicle that would fill a gap in the German company’s U.S. product lineup in what is one of the most profitable segments of the American mar…
Amazon, Apple weigh on Nasdaq
(Reuters) – The Nasdaq Composite index fell on Wednesday, dragged down by losses in Amazon and Apple, while gains in healthcare stocks propped up the Dow and the S&P 500.
Uber seen girding for battle with Ola in India ahead of IPO
NEW DELHI (Reuters) – Uber’s decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it’s locked in a fierce battle with local rival, Ola, industry analysts say.
U.S. fourth-quarter growth slows to 2.9 percent; consumer spending surges
WASHINGTON (Reuters) – U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.
Deutsche Bank reviews structure of investment bank: source
FRANKFURT (Reuters) – Deutsche Bank is conducting a global review of its investment bank that could result in cost cuts, a person with direct knowledge of the matter said on Wednesday.
Equifax names former GE executive Mark Begor as CEO
(Reuters) – Credit-monitoring firm Equifax Inc named former General Electric Co executive Mark Begor as chief executive officer on Wednesday, as it looks to regain investor confidence after being hit by a massive data breach.
Greece’s Aegean Air aims higher with $5 billion Airbus jet order
ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines picked Airbus for an order of 42 aircraft worth $5 billion (4 billion euros) to renew its fleet of single-aisle planes and add capacity for future expansion, executives said on Wednesday.
