Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.
Walmart , the world's largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury's last year.
Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.
Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.
What we can learn from the former mayor's tax return will depend on whether he releases a heavily redacted Form 1040. Look to these supplemental forms to shed light on Bloomberg's finances.
Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay sales of some homes in California, one of its biggest markets.
Investors pulled nearly $3.3 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, snapping the longest streak of asset gains since July, according to data released Wednesday by the Investment Company Institute.
Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.
Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy.
Morgan Stanley is asking anyone who is attending its technology, media and telecom conference in California next week to report if they have visited several countries that have reported coronavirus cases in recent weeks.
U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus.
Delta Air Lines said Wednesday it will temporarily cut flights from South Korea citing global health concerns related to the coronavirus outbreak.
Nestle SA has asked its staff to halt international travel for business purposes through March 15 as a precautionary measure amid the rapid spread of the coronavirus globally, the Swiss company said on Wednesday.
U.S. stocks rose on Wednesday after a rocky start to the week that shaved off more than 6% from each of the main indexes on growth fears as the coronavirus spread in several countries.