Wall Street ticks higher to record close; eyes on earnings, Fed
NEW YORK (Reuters) – Major stock indexes edged up to post record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks.
Fed divide on inflation intensified at September policy meeting
WASHINGTON (Reuters) – Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank’s last policy me…
Taiwan fines Qualcomm $774 million for antitrust violations
HONG KONG (Reuters) – Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc in court over many of the sam…
Wall Street ticks higher with eyes on earnings
NEW YORK (Reuters) – Major stock indexes rose slightly on Wednesday though internally the S&P 500 showed a strong move toward so-called defensive sectors, while stocks reacted mutedly to the minutes of the most recent Federal Reserve policy meeting.
Dassault CEO not yet considering alternative engine suppliers
LAS VEGAS (Reuters) – Dassault Aviation Chief Executive Eric Trappier said he wants to hear how aerospace group Safran SA will tackle engine development issues that have delayed the French planemaker’s latest business jet before considering alternati…
T-Mobile, Sprint deal likely opposed by Justice Dept staff: sources
WASHINGTON (Reuters) – When Sprint and T-Mobile bring their expected merger plans to the U.S. Department of Justice for antitrust review, the career staff who do the bulk of the probe into whether the deal will hurt customers will likely recommend that…
Taiwan fines Qualcomm $774 million for anti-trust violations
HONG KONG (Reuters) – The Taiwan Fair Trade Commission said on Wednesday it would fine U.S. chipmaker Qualcomm Inc T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology.
Fed split on inflation intensified at September policy meeting: minutes
WASHINGTON (Reuters) – Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank’s last policy meeting on…
CSX CEO apologizes for problems, customers demand improvement
(Reuters) – CSX Corp’s chief executive apologized on Wednesday for lengthy service disruptions as some major customers said the No. 3 U.S. railroad needs to improve its operations and outline plans for network upgrades.
Dow inches up to record-high on gains in J&J, Wal-Mart
(Reuters) – Gains in Wal-Mart and Johnson & Johnson nudged the Dow Jones Industrial Average to another record level on Wednesday, but the broader market was sluggish ahead of big bank earnings.
