Wall Street mixed after Trump fires FBI head; Nasdaq hits record high
(Reuters) – U.S. stocks were mixed on Wednesday as investors digested President Donald Trump’s abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.
Time Inc slashes dividend in cost-cutting push, shares dive
(Reuters) – Time Inc’s shares plunged 17 percent on Wednesday after the magazine publisher slashed its dividend amid a push to cut costs, following its decision to not sell itself.
EBRD rejects Russian challenge on lending freeze
NICOSIA (Reuters) – The European Bank for Reconstruction and Development on Wednesday rejected a Russian complaint about the bank’s investment freeze, prompting criticism from Moscow that the development bank was a ‘tool’ of Western foreign policy.
Petroleum, motor vehicles boost U.S. import prices
WASHINGTON (Reuters) – U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation and keep the Federal Reserve on course for further interest …
Mylan disagrees with FDA over generic Advair rejection
(Reuters) – Generic drug maker Mylan NV said on Wednesday it disagrees with the U.S. Food and Drug Administration, which declined to approve Mylan’s generic for GlaxoSmithKline Plc’s blockbuster Advair in March.
Value meals drive Wendy’s profit, sales beat; shares soar
(Reuters) – Wendy’s Co reported quarterly same-restaurant sales and profit that topped estimates, driven by the popularity of its value meals and lower costs, sending its shares to their highest in nearly a decade in morning trading on Wednesday.
U.S. broadcaster Tribune posts surprise quarterly loss
(Reuters) – U.S. broadcaster Tribune Media Co , reported a quarterly loss on Wednesday, compared with a profit a year earlier, hurt in part by lower ad revenue from its TV and entertainment business and as it took an impairment charge.
VW rejects calls to publish dieselgate probe findings
HANOVER, Germany (Reuters) – Volkswagen on Wednesday rejected investor calls for the carmaker to publish the results of a key investigation into its diesel emissions cheating scandal, saying it was unable to do so for legal reasons.
Falling costs, new revenues fuel Britain’s big battery boom
LONDON (Reuters) – Britain is emerging as a hotbed for utility-scale battery development, with two of Europe’s three biggest projects under way there and several companies joining a race that could shake up the energy market.
Barclays boss Staley faces shareholder fury over whistleblower
LONDON (Reuters) – Barclays Chief Executive Jes Staley apologized to shareholders on Wednesday for his attempts to unmask a whistleblower, but faced calls from individual shareholders to resign over his conduct.
