Diamond Eagle in talks to buy fantasy sports provider DraftKings: Bloomberg
Diamond Eagle Acquisition Corp , a special purpose acquisition company, is in advanced talks to buy fantasy sports provider DraftKings Inc, Bloomberg reported on Wednesday.
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Apple tunes out trade war as new AirPods, services lift holiday outlook
Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter ahead of Wall Street expectations, with Chief Executive Tim Cook seeing strong sales of...
The Federal Reserve is waiting for a U.S.-China 'Phase One' trade deal too
U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve's decision to cut rates, chair Jerome...
For Fed Chair Powell, blunt is the 'appropriate' approach
Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another.
U.S. Fed cuts 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...
MetLife profit falls short on U.S., LatAm weakness
U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and...
Oil falls on hike in U.S. crude stockpiles, trade deal concerns
Oil prices fell on 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...
Lyft attracts riders, trumps revenue estimates as costs soar
Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, but promotional costs rose as it battled Uber Technologies Inc to attract...
Facebook beats on profit as cost growth slows; shares rise
Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number of...
PSA could help Fiat Chrysler modernize its vehicle platforms
A proposed merger between France's Groupe PSA and Fiat Chrysler Automobiles would give FCA access to Peugeot’s more modern and flexible vehicle architectures, potentially enabling the...
Ford shutters oldest Brazil plant as revival bid faces doubts
Ford Motor Co on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any...
Peugeot, FCA accelerate merger talks: sources
The boards of French automaker Peugeot SA and Fiat Chrysler Automobiles NV on Wednesday agreed to pursue a $50 billion merger, sources familiar with the matter...
U.S. handling of tariffs raises appearance of 'improper influence': watchdog
Lack of transparency in the Commerce Department's handling of steel and aluminum tariffs raised the appearance that certain companies may have had "improper influence" in the...
U.S. SEC considers relaxing post-crisis structured mortgage product rules
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed...
Boeing 737 MAX grounding a drag on Canadian investment in machinery, equipment
The global grounding of Boeing's 737 MAX jet is weighing on Canadian economic investment in machinery and equipment, with carriers unable to take deliveries of the...