Tech stocks rise in choppy Wall Street trading
(Reuters) – Wall Street treaded water in choppy morning trading on Wednesday with gains in technology stocks offsetting losses in financial shares.
U.S. unit labor costs decline for two straight quarters
WASHINGTON (Reuters) – U.S. unit labor costs were much weaker than initially thought, declining both in the second and third quarters of this year, pointing to very benign inflation pressures in the near term even as the labor market is close to full e…
Volkswagen executive faces sentencing in U.S. emissions fraud case
DETROIT (Reuters) – Volkswagen AG executive Oliver Schmidt will be sentenced in federal court in Detroit on Wednesday for his part in a diesel emissions scandal that has cost the German automaker as much as $30 billion.
T-Mobile board approves up to $1.5 billion buyback program
(Reuters) – U.S. wireless carrier T-Mobile US Inc said on Wednesday its board authorized a buyback program, its first-ever, for up to $1.5 billion of the company’s common stock.
UnitedHealth to buy DaVita primary care unit for $4.9 billion
(Reuters) – The largest U.S. health insurer UnitedHealth Group Inc will buy DaVita Inc’s primary and urgent care services for $4.9 billion in its second acquisition this year to expand its fast-growing medical group, it said on Wednesday.
Britain pushes back date for provisional findings on Sky-Fox deal
LONDON (Reuters) – Britain’s competition watchdog will give its initial verdict on Rupert Murdoch’s bid to buy Sky next month, later than expected, due to the vast number of responses it has received on the deal.
Tech tremors spread to financials to spoil global rally
LONDON (Reuters) – Tremors in technology stocks spread to Europe and were set to dent U.S. trading on Wednesday, with weaker metals prices and flagging financials also tripping up a rally that had taken world equities to record highs.
UnitedHealth to buy DaVita’s medical unit for $4.9 billion
(Reuters) – UnitedHealth Group Inc said on Wednesday it would buy kidney care services provider DaVita Inc’s medical unit for about $4.9 billion cash, as the health insurer looks to expand operations in outpatient care services.
Home Depot sets new $15 billion buyback, long-term sales target
(Reuters) – Home Depot Inc , the largest U.S. home improvement chain, on Wednesday announced a new $15 billion share buyback plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion for the year ending January 2021.
Luxury brands lifted by EU court backing for online sales ban
LUXEMBOURG (Reuters) – Coty and other luxury brands scored a landmark victory on Wednesday in their bid to stop retailers selling their products on online platforms such as Amazon and eBay when Europe’s top court backed their right to protect their i…
