U.S. third-quarter economic growth fastest in three years
WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, buoyed by robust business spending on equipment and an accumulation of inventories.
Nasdaq stumbles as bets shift from tech to banks
(Reuters) – The Nasdaq was on pace for its biggest one-day drop in more than three months on Wednesday as investors bailed out of high-flying tech stocks and shifted bets to banks and other pockets of the market that could benefit from improving econom…
Apple to audit development processes after Mac bug discovered
(Reuters) – Apple Inc said on Wednesday it would review its software development process a day after a researcher discovered a bug in a new version of its Mac operating system that could give hackers total control of vulnerable machines.
CSX’s CEO Hunter Harrison describes key step in succession plan
(Reuters) – CSX Corp Chief Executive Officer Hunter Harrison said on Wednesday he was “trying to stay back a little bit” to give his management team space to steer the No. 3 U.S. railroad through a major operations overhaul, a move he described as par…
Lawsuit questions conduct of Madoff victims’ lawyer
NEW YORK (Reuters) – A new lawsuit accuses a lawyer representing hundreds of victims defrauded by Bernard Madoff of cheating her own clients through overbilling, discouraging settlements and having conflicts of interest.
Uber lawyer says ex-CEO, board members told of letter kept from Waymo lawsuit
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s former chief executive and some board members knew of a letter a U.S. judge has said was withheld from a high-stakes lawsuit, an attorney for the company testified on Wednesday.
Nasdaq drops further as techs fall out of favor
(Reuters) – The tech-heavy Nasdaq Composite index slipped further in early afternoon trading on Wednesday as investors shifted to financials that have been bolstered by strong economic data and encouraging comments from Fed officials.
AT&T CEO sticks to guns on Time Warner deal
(Reuters) – AT&T Inc remains determined to pursue its case against the government to push through its purchase of Time Warner Inc , Chief Executive Randall Stephenson said on Wednesday.
Apple to review software practices after patching serious Mac bug
(Reuters) – Apple Inc said on Wednesday it would review its software development process after scrambling to patch a serious bug it learned of on Tuesday in its macOS operating system for desktop and laptop computers.
Fox’s Lachlan Murdoch says company would never buy CNN
(Reuters) – Twenty-First Century Fox would never be interested in buying CNN, Fox Executive Chair Lachlan Murdoch said on Wednesday at a conference organized by the news website Business Insider in New York.
