French train maker Alstom's board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada's Bombardier , a source familiar with the situation told Reuters.
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases since late January, boosting investor hopes the epidemic will be contained and driving up the price of crude oil and other commodities.
CNBC's Jim Cramer said the home goods retailer's decision to announce poor same-store sales early was wrong, but the stock may be worth buying on the decline.
Alstom's board will meet on Wednesday evening to discuss buying Bombardier's rail unit, sources familiar with the matter said, and a media report said the French train maker has valued the business at just under $7 billion.
Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year.
Boeing Co Chief Financial Officer Greg Smith said on Wednesday it will take at least a couple of years before the 737 MAX airplane can be produced at the 57-unit monthly rate that Boeing had targeted before the jet was grounded last year.
BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history.
Goldman began holding its "Talks at GS" a few years ago as an informal interview series for employees.
Canadian e-commerce company Shopify Inc's full-year revenue forecast above analysts' estimates and better-than-expected quarterly earnings on higher holiday sales, pushed its shares to a record high on Wednesday.
Airlines are facing a fall in profits as the coronavirus crisis hits passenger demand and prolongs weakness in economically sensitive air freight, planemaker Boeing warned on Wednesday.
Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.
U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.
Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately.
Organizers of the Mobile World Congress (MWC) agonized on Wednesday over whether to cancel or press ahead with a smaller version of the event after major European telecom companies pulled out over the coronavirus outbreak.
People are going on strike against their student debt. Here's why.