Nasdaq, S&P slip; Dow hits another record high
(Reuters) – The Nasdaq and the S&P fell on Wednesday as investors likely took profits on tech stocks, the best performing sector in the recent rally, while the Dow touched a record high.
Wall Street opens lower after two straight days of record highs
(Reuters) – The three major U.S. indexes opened slightly lower on Wednesday, after two-straight days of record highs, as investors booked profits ahead of a clutch of economic data this week.
French retailer Leclerc approached by Amazon over logistics partnership
PARIS (Reuters) – Privately-held French supermarket operator Leclerc has been approached by U.S. technology group Amazon over possible logistics partnerships, as speculation intensifies over Amazon’s intentions in the supermarket sector.
Fed chief needs “flexibility of mind” in tough times: Fischer
LONDON (Reuters) – Any new head of the Federal Reserve will need to have the “flexibility of mind” to change tack during acute periods of crisis, the U.S. central bank’s outgoing Vice-Chairman Stanley Fischer said on Wednesday.
EU orders Amazon to repay $295 million in Luxembourg back taxes
BRUSSELS (Reuters) – Amazon was told on Wednesday to pay about 250 million euros ($295 million) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals.
Exclusive: SEC forensics unit sought resources, cyber training ahead of 2016 hack
WASHINGTON (Reuters) – In August 2016, just two months before the U.S. Securities and Exchange Commission discovered its corporate filing system had been hacked, the SEC’s internal watchdog, Carl Hoecker, received a plea for help from his new forensics…
‘We’ll pay nothing’: TowerJazz seeks growth with minimal investment
MIGDAL HA’EMEK, Israel (Reuters) – Executives at Panasonic were surprised when Russell Ellwanger, CEO of Israeli chipmaker TowerJazz , asked to partner in three of their factories without putting any cash on the table.
Exclusive: VW seeks to curb competition from Skoda – sources
BERLIN (Reuters) – Volkswagen managers and unions are seeking to curb competition from lower-cost stablemate Skoda, move some of its production to Germany and make the Czech brand pay more for shared technology, company sources told Reuters.
Whirlpool’s washer war is balancing act for Trump
Clyde, Ohio(Reuters) – In the middle of Whirlpool Corp’s bustling washer factory in northern Ohio there is an empty patch of concrete floor – a reminder of a $60 million expansion plan the appliance maker says fell victim to unfair foreign competition….
Monte dei Paschi shares to resume trading soon: Treasury official
ROME (Reuters) – Shares in bailed-out Italian bank Monte dei Paschi di Siena should soon return to trade on the Milan bourse, a senior Treasury official said on Wednesday, adding a request had already been filed with market watchdog Consob.
