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Google Pay to offer checking accounts through Citi, Stanford Federal next year

Alphabet Inc's Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app in partnership with Citigroup Inc and a small credit union at Stanford University.



5 years ago

United Auto Workers union unveils ethics reforms after U.S. corruption probe

The United Auto Workers (UAW) on Wednesday announced a series of ethics reforms in answer to a spreading U.S. federal corruption probe that has resulted in charges or convictions for a number of former leaders of the union.



5 years ago

Black student loan borrowers are defaulting at nearly twice the rate of whites: NY Fed

Student loan borrowers from mostly black neighborhoods are almost twice as likely to default on their debt as borrowers from neighborhoods that are mostly white, according to research released Wednesday by the Federal Reserve Bank of New York.



5 years ago

Shares, bond yields slip on sour trade deal sentiment

Global equity markets and government bond yields fell on Wednesday as sentiment soured that a U.S.-China trade deal can be reached soon and on fears intensifying unrest in Hong Kong may lead to a Chinese crackdown.



5 years ago

S&P wobbles on fresh trade uncertainty; Disney lifts Dow

The S&P 500 and Nasdaq stock indexes slipped on Wednesday on fresh uncertainty over U.S.-China trade relations, while a jump in Walt Disney shares boosted the Dow.



5 years ago

WeWork third-quarter losses widen to $1.25 billion as expansion ramps up

The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier as its money-losing shared-office business doubled in size with a record number of desks added to its network.



5 years ago

U.S. lawmakers question why Centrus awarded federal uranium contract

A bipartisan group of U.S. Representatives asked officials at the Energy Department on Wednesday how Centrus Energy Corp , a company whose chief recently served as deputy at the department, won a federal contract to demonstrate a production method for a new nuclear power plant fuel.



5 years ago

Occidental Petroleum stepping up oil and gas asset sales: marketing document

Occidental Petroleum Corp is stepping up its oil and gas-producing property sales, adding land in Utah's Uinta Basin acquired as part of its $38 billion deal for Anadarko Petroleum, according to a marketing document seen by Reuters.



5 years ago

Chicago mayor rejects Uber's alternative tax proposal

Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc to tax ride-hailing services, accusing the company of trying to resist any type of regulation by stirring up racial tensions.



5 years ago

ProPetro confirms U.S. SEC probe, accounting weaknesses

Oilfield services firm ProPetro Holding Corp on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.



5 years ago

Hyundai to make Santa Cruz pickups at Alabama plant in $410 million expansion

Hyundai Motor Co's manufacturing unit will start making the Santa Cruz pickup trucks at its Montgomery factory in 2021, following a $410 million expansion at the Alabama plant.



5 years ago

Trump threat of more China tariffs could hit consumer goods before Christmas

U.S. President Donald Trump's threat to jack up U.S. tariffs on Chinese goods if the world's two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than two weeks before Christmas.



5 years ago

Peloton exploring apps for Amazon Fire TV, Apple Watch: Bloomberg

Peloton Interactive Inc is exploring apps for Amazon.com Inc's Fire TV and Apple Inc's Watch, Bloomberg reported on Wednesday, citing people familiar with the matter.



5 years ago

Cisco second-quarter forecast disappoints; shares fall

Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below estimates as the network gear maker struggles to shift to a software-focused company from its business of selling routers and switches, sending shares down 4%.



5 years ago

Disney lifts Dow, S&P 500 to records while trade tensions cast shadow

The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.



5 years ago