GE raises stake in Sweden’s Arcam by buying shares from hedge funds
(Reuters) – General Electric Co said on Wednesday it would raise its stake in Swedish 3D printer maker Arcam AB to around 95 percent from 77 percent after buying shares from hedge funds Elliott and Polygon.
Creditors seek bankruptcy for U.S. media entrepreneur Sillerman
WILMINGTON, Del. (Reuters) – Creditors of American media entrepreneur Robert F.X. Sillerman are seeking to force the onetime billionaire into bankruptcy to try and collect on a $7.36 million judgment against him, according to court documents.
FedEx says it experienced another record-breaking holiday shipping season
(Reuters) – Package delivery company FedEx Corp said on Wednesday it experienced another record-breaking holiday shipping season, but declined to provide specifics or data.
Healthcare, tech stocks prop up Wall Street
(Reuters) – U.S. stocks were higher in early afternoon trading on Wednesday, helped by gains in healthcare and technology sectors.
UPS says holiday season package returns to hit a new record
SEATTLE (Reuters) – United Parcel Service Inc said on Wednesday it was on track to return a record number of packages following this year’s bumper online holiday shipping season.
Tech, healthcare stocks prop up Wall Street
(Reuters) – U.S. stocks edged higher in late morning trading on Wednesday, helped by gains in technology and healthcare shares.
SpaceX-launched Iridium satellites functioning normally
(Reuters) – Iridium Communications Inc said on Wednesday its 10 satellites, launched last week by tech billionaire Elon Musk’s SpaceX, are functioning as expected.
JPMorgan pays $2.8 million fine over improper safeguards for customers
NEW YORK (Reuters) – JPMorgan Chase & Co will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries over more than eight years, a U.S. regulator said on Wednesday.
GE to keep Rochester plant open
(Reuters) – U.S. industrial conglomerate General Electric Co said on Wednesday it would keep its plant running in Rochester, New York, retaining all employees at the facility for now.
Pending home sales edge higher in November
WASHINGTON (Reuters) – Contracts to buy previously owned homes edged higher in November, boosted by job growth across a strengthening economy.
