General Electric Co on Wednesday posted a $1.3 billion loss in the third quarter, but on an adjusted basis beat analysts' profit estimates, helped by higher prices for aircraft parts and a strong healthcare business, and vowed to deliver $1 billion more cash this year than it had previously forecast.
U.S. President Donald Trump's demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
Germany's Bayer is now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer, more than twice the tally in July and potentially raising any future settlement.
BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply on the previous day on fears it would defer a decision to 2020.
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, which could further allay financial market fears of a recession.
U.S. private employers added 125,000 jobs in October, slightly above economists' expectations, a report by a payrolls processor showed on Wednesday.
Talks between Fiat Chrysler and Peugeot owner PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with one source saying a deal could be announced as early as Thursday.
Italian trade union FIOM said on Wednesday it feared a possible tie-up between Fiat Chrysler and Peugeot owner PSA could hurt Italian factories.
FiatChrysler and France's Peugeot said they are in talks about a potential tie-up, the latest bout of auto industry consolidation as the costs of developing zero-emissions vehicles rises amid slowing global demand.
On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chair Jerome Powell's communication miscues.
Apple Inc's Apple TV+ and Walt Disney Co's Disney+ will launch competitors to streaming video pioneer Netflix Inc in November. Several others already have hit the market or will debut in the coming months.
Fiat Chrysler and Peugeot owner PSA are in talks to combine and create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the auto industry.
Britain's biggest trade union Unite wants a meeting with management at French carmaker Peugeot over a possible tie-up with Fiat Chrysler, saying merger talks and uncertainty over Brexit are "deeply unsettling" for workers at British plants.
U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.
Former Exxon Mobil Corp Chief Executive Rex Tillerson took the witness stand in Manhattan state court on Wednesday to testify in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.