Tesla sticks by Model 3 target, warns spending could rise in 2018
SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk’s revised production targets for its Model 3 sedan, cheering investors who have put up with two delays, but the electric automaker’s plans to raise sp…
Wall Street fades in choppy trade after week’s wild start
NEW YORK (Reuters) – U.S. stocks ran out of steam on Wednesday after an early surge, in a sign that investors are still spooked by the market’s recent retreat and wary more fallout is to come.
Twenty-First Century Fox tops profit estimates as cable shines
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc trounced Wall Street estimates for quarterly profit and revenue on Wednesday, helped by increases in the fees it collects from cable and satellite distributors.
Zynga beats bookings estimate as ‘Words With Friends 2’, ‘CSR Racing 2’ deliver
(Reuters) – Zynga Inc, creator of the once popular online game “FarmVille”, reported fourth-quarter bookings above analysts’ estimate, driven by the success of its mobile games such as “Words With Friends 2” and “CSR Racing 2”.
Brazilian antitrust agency approves Bayer-Monsanto tie-up
BRASILIA (Reuters) – Brazilian antitrust agency Cade on Wednesday approved Bayer AG’s proposed takeover of U.S. seeds company Monsanto Co without requiring further asset sales beyond a global proposal announced last October.
Swiss Re in talks with SoftBank, Japanese firm could take minority stake
ZURICH/TOKYO (Reuters) – Swiss Re is in preliminary talks with Japan’s SoftBank Group on a potential minority investment in the Swiss reinsurer, the Zurich-based group said on Wednesday, in a deal reported to be worth $10 billion or more.
Amazon’s market value on verge of beating out Microsoft
SAN FRANCISCO (Reuters) – Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp’s for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.
Wall Street wobbles after week’s wild start
(Reuters) – U.S. stocks slipped in choppy trading on Wednesday as technology and energy stocks fell, while investors adjusted to a market with greater volatility following wild swings of the past few sessions.
Citigroup targets rapid Middle East, Africa growth in 2018
ABU DHABI (Reuters) – Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least a decade, likely led by Saudi Arabia, a senior executive at the U.S. bank said.
Rabobank agrees to pay $368 million over processing illicit funds
WASHINGTON (Reuters) – Dutch cooperative bank Rabobank [RABO.UL] on Wednesday agreed to forfeit over $360 million and pleaded guilty in U.S. federal court over its processing illicit funds and then conspiring to obstruct an examination by its primary r…
