Fiat Chrysler calls board meeting on Peugeot tie-up: sources
Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.
Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.
In the #MeToo era, the billionaire's lewd comments at a conference shine a spotlight on the financial advice industry and its reluctance to change its ways.
Yum Brands Inc missed earnings expectations, largely hit by a write down in the value of its investment in delivery company GrubHub and warned of sagging sales at its Pizza Hut U.S. chain next year, sending shares down 10% on Wednesday.
The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the world.
Wall Street struggled for direction on Wednesday as investors geared up for a policy decision by the Federal Reserve later in the day.
Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering (IPO).
GE makes the LEAP engines used for the 737 Max, which has been grounded worldwide following two deadly crashes in the past year.
Canadian auto-parts maker Magna International said on Wednesday it would build dual-clutch and hybrid transmissions for German carmaker BMW under a multi-year contract.
On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter.
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
Oil prices extended losses Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand.
Boeing Co Chief Executive Dennis Muilenburg acknowledged the company made mistakes in the development of a key safety system known as MCAS at the center of two fatal 737 MAX crashes, at a U.S. House hearing on Wednesday.
U.S. stock indexes treaded water on Wednesday as investors assessed mixed corporate reports in the thick of earnings season, while bracing for a policy decision by the Federal Reserve later in the day.
Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter.
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson answered questions on Wednesday about the oil major's methods of measuring potential costs of climate change, as he testified in a closely watched civil lawsuit accusing the company of hiding the costs from investors.