Fox shareholders reject proposal to abandon dual-class shares
(Reuters) – A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company’s annual meeting.
Payments company Square tests bitcoin buying and selling
(Reuters) – Payments company Square Inc said it has started allowing select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up nearly sevenfold this year.
Wall Street lower as weak oil prices pull down energy stocks
(Reuters) – U.S. stocks grappled with losses on Wednesday as a drop in oil prices for the fourth straight day pulled down energy stocks amid worries over delay in corporate tax cut.
GM challenges Tesla with promise of profitable electric cars
(Reuters) – General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday.
Amazon cuts prices again at Whole Foods ahead of the holidays
(Reuters) – Amazon.com Inc said on Wednesday it will offer more discounts and steeper price cuts at Whole Foods Market on many organic foods and groceries popular during the holidays.
Target signals another weak holiday quarter, shares tumble
(Reuters) – Target Corp’s holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback.
Record Airbus order as Franke ups bet on budget airlines
DUBAI (Reuters) – Airbus hailed its biggest ever airliner deal on Wednesday with an umbrella agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.
Wall Street down as energy stocks hit by oil slide
(Reuters) – Wall Street’s main indexes were lower on Wednesday as energy stocks remained under pressure after oil prices fell for a fourth straight day.
GM CEO promises profitable electric vehicles by 2021
(Reuters) – General Motors Co plans to launch a new family of electric vehicles in 2021 with batteries costing about 30 percent less than those used on the current Chevrolet Bolt, Chief Executive Mary Barra told investors on Wednesday.
GM details new electric vehicles, lower-cost battery
(Reuters) – General Motors Co Chief Executive Mary Barra is set to tell investors on Wednesday about the automaker’s plans to launch a new family of electric vehicles in 2021 with batteries costing about 30 percent less than those used on the current …
