Japan's SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter of losses at the $100 billion Vision Fund.
Kering on Wednesday said the coronavirus health scare in China could heighten uncertainties for the luxury goods market, as the Gucci owner posted higher-than-expected sales for the fourth quarter of 2019.
China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday.
Companies with CEOs who make liberal use of positive words like "growth" during earnings calls outperform their counterparts, a study finds.
A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an associate of misleading patients about the abilities of her company's blood tests.
The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was cancelled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.
Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.
Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand.
Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future.
While most of the proposals involving Medicare are largely aimed at behind-the-scenes shifts, the budget also would make it easier for older Americans to opt out of Medicare and would allow recipients to put money in tax-advantaged accounts earmarked for health-care costs.
E-cigarette maker Juul Labs Inc bought online advertisements on teen-focused websites for Nickelodeon, Cartoon Network and Seventeen magazine after it launched its product in 2015, according to a lawsuit filed on Wednesday by the Massachusetts attorney general's office.
SoftBank Vision Fund has around 50 winners in its $100 billion portfolio and a dozen or more companies could pursue listings over the next 18 months, Rajeev Misra, chief executive of SoftBank Investment Advisers, said on Wednesday.
Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday.
Alstom's board will meet late on Wednesday to discuss buying Bombardier's rail unit, sources familiar with the matter said, and a media report said the French train maker had valued the business at just under $7 billion.
SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter.