Wall Street hovers at record highs; FedEx sinks
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year.
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year.
Britain's biggest union is seeking guarantees on the long-term future of Peugeot's plants in Britain after the French carmaker struck a binding deal on Wednesday with Fiat Chrysler to create the world's fourth-biggest carmaker.
The under-40 crowd in the Golden State is ready for tax-friendlier climes, according to data from Wealthfront, an investment management firm. These three states are among their top destinations.
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A Peruvian prosecutor's office said it was investigating the death of two teenaged employees in a McDonald's-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.
Daimler AG's Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.
The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a steep drop in FedEx shares.
With a track record of streamlining Peugeot's portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France's most profitable carmaker with Fiat Chrysler (FCA).
Amazon.com Inc , Apple Inc and Alphabet Inc's Google are partnering to lay the groundwork for better compatibility among their smart home products, the companies said on Wednesday.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.