Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street that the retailer's turnaround would take longer and be much tougher than anticipated.
Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the Japanese carmaker is seeking $91 million in damages from ousted former boss Carlos Ghosn.
The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in China.
World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China's announcement that new cases of the so-called COVID-19 detected on Tuesday were at their lowest since Jan 30 has only consolidated those gains.
Google defended its business model on Wednesday, saying that making innovative products was at its core rather than helping rivals, as it sought to overturn a 2.4-billion-euro ($2.6 billion) EU antitrust fine at Europe's second-highest court.
Big investors who are critical to SoftBank Group's plans for a second massive technology investment fund are refusing to take part unless the first $100 billion Vision Fund can turn around its performance, sources familiar with the talks told Reuters.
Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a one million euro investment plan to benefit from a growing electric vehicle market.
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp's lift division with rival Kone , board member Alfred Schindler told Reuters.
The Secure Act of 2019 eliminated many of the advantages the so-called stretch IRA offered heirs inheriting an individual retirement account, but a Roth IRA conversion can ease some of the pain.
Gucci-owner Kering's chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty .
British supermarket group Sainsbury's said on Wednesday that Roger Davis, chairman of its poorly performing banking division, will step down.
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.
Canadian e-commerce company Shopify Inc on Wednesday posted better-than-expected quarterly earnings, helped by higher holiday sales, and forecast full-year revenue above Wall Street estimates, sending its U.S.-listed shares up about 9%.
Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund.
Souring energy loans eroded ABN Amro's fourth quarter profit growth, it said on Wednesday, prompting the Dutch bank to launch another review of its trade and commodity finance operations.