Facebook Inc reported a decline in fourth-quarter operating margins on Wednesday, missing Wall Street's expectations that it would level off spending to improve privacy and content across its apps, and revenue growth was the slowest ever.
Global airlines on Wednesday continued to suspend or scale back direct flights to China's major cities amid an increase in travel warnings and decline in demand from passengers over the coronavirus.
Global equity markets closed little changed on Wednesday as strong results from Apple and others provided a lift, but concerns about the coronavirus outbreak in China kept enthusiasm in check and a safe-haven bid in gold and the dollar alive.
Workers at Brazilian oil company Petrobras approved a plan to go on strike from Saturday, protesting a plan by the state-controlled firm to close a fertilizer plant and fire its 396 workers.
PayPal Holdings Inc forecast full-year adjusted profit below analysts' expectations as it invests in technology to fend off competition in a crowded digital payments space, sending its shares down 4%.
The European Union wants to create a single market in data aimed at challenging the dominance of tech giants such as Facebook, Google and Amazon, according to a European Commission proposal seen by Reuters.
The California Institute of Technology on Wednesday won a $1.1 billion jury verdict in a patent case against Apple and Broadcom , a Caltech legal team source said.
Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday said it expects first-quarter revenue will be impacted by the coronavirus spreading across China, and it has temporarily closed two factories.
Jaguar Land Rover's Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday.
Facebook Inc said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialing back on both in the second quarter, Chair Jerome Powell said Wednesday.
Oreo maker Mondelez Inc said on Wednesday it expects a hit to its first quarter revenue from a new coronavirus outbreak in China which has killed over 130 people.
The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China's economic growth at least in the near term and could hurt its trading partners around the world.
U.S. grains trader Archer Daniels Midland Co's fourth quarter profit topped Wall Street expectations on Wednesday, driven by its nutrition business and refined products unit, which includes biodiesel and food oils.