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Two plead guilty in conspiracy involving Uber, LinkedIn, others: U.S. Justice Dept

Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc , LinkedIn and other corporations in exchange for promises to delete information stolen from Amazon Web Services , according to the Justice Department.



4 years ago

Apple shares rise on holiday forecast powered by Watches, AirPods and streaming

Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter that beat Wall Street expectations, with Chief Executive Tim Cook saying that new iPhone 11 models were off to "a very, very good start" as sales of AirPods, Apple Watches and streaming services continue to rise.



4 years ago

Boeing CEO Muilenburg resists multiple calls for resignation

Boeing Chief Executive Dennis Muilenburg on Wednesday spurned repeated calls to step down by U.S. lawmakers and from the mother of a young woman who was a victim of one of two 737 MAX crashes that killed 346 people.



4 years ago

Starbucks beats same-restaurant sales estimates on digital push

Starbucks Corp beat quarterly same-restaurant sales estimates on Wednesday, as the world's largest coffee chain's loyalty program and new delivery options boosted demand and helped fend off competition, especially in the U.S. and China.



4 years ago

Wall St. gains, U.S. Treasury yields fall after remarks by Fed's Powell

Wall Street gained ground and U.S. Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.



4 years ago

MetLife quarterly profit more than doubles on derivative gains

U.S. insurer MetLife Inc on Wednesday reported third-quarter profit that more than doubled from a year earlier, largely because derivatives that the U.S insurer uses for hedging swung to net gains compared to a loss a year ago.



4 years ago

Lyft trumps revenue estimates as it attracts more riders

Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, as promotions attracted more active users who also spent more per ride.



4 years ago

Facebook beats revenue, profit estimates, shares rise

Facebook Inc beat analysts' estimates for quarterly revenue and profit on Wednesday, driven by a steady rise in advertising.



4 years ago

Peugeot board gives a green light to FCA talks: source

The supervisory board of Peugeot maker PSA on Wednesday gave Chief Executive Carlos Tavares the go-ahead to pursue a $50 billion merger with Italy's Fiat Chrysler Automobiles NV , a source familiar with the matter said, moving the companies closer to a deal that could transform the global auto industry.



4 years ago

Fiat Chrysler board approves moving forward with Peugeot merger: sources

Fiat Chrysler Automobiles NV's board of directors has approved moving forward with talks to merge with French automaker Peugeot SA , a person familiar with the situation said on Wednesday.



4 years ago

Chile cancels APEC trade summit and major climate gathering after riots

Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease a trade war that has hurt the global economy, as raging street protests gripped the South American country.



4 years ago

U.S. Fed lowers interest rates, signals it is on hold

The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled no further reductions ahead unless the economy takes a turn for the worse.



4 years ago

S&P closes at record on Fed bump

U.S. stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.



4 years ago

3iQ’s “the Bitcoin Fund” Receives Favourable Ruling From Ontario Securities Commission Panel

3iQ | Fred Pye | Oct 30, 2019 TORONTO--(BUSINESS WIRE)--3iQ Corp. (3iQ), a Canadian investment fund manager focused on disruptive technologies and the digital asset space, announced today that it has received a favourable ruling from its public hearing before a panel of the Ontario Securities Commission (OSC) regarding The Bitcoin Fund (the Fund). The

4 years ago

Uber takes aim at 'patchwork' of ride share taxes in Illinois

Uber Technologies Inc on Wednesday sued a Chicago suburb over a new ride share tax, while calling on Illinois lawmakers to address the state's "emerging patchwork" of taxation.



4 years ago