A potential merger between Fiat Chrysler and Peugeot would be credit-positive for both car makers, S&P Global Ratings said on Wednesday, after the companies confirmed they were in talks over a possible tie-up.
Wall Street analysts predict what will happen with Facebook's earnings report after the bell.
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Boeing Co Chief Executive Dennis Muilenburg was repeatedly hammered by U.S. lawmakers at a hearing on Wednesday over his compensation and key mistakes in the development of the 737 MAX that he newly acknowledged, in the wake of deadly crashes.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that it will take time for Chinese purchases of U.S. agricultural goods to "scale up" to the $40 billion to $50 billion annual level touted by President Donald Trump if the two sides can seal a "Phase 1" trade deal.
The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by the Federal Reserve later in the day.
Italian automaker Fiat Chrysler is considering a 5 billion euro ($5.56 billion) special dividend, as part of a potential combination with Peugeot owner PSA , according to a verified tweet by a Bloomberg reporter on Wednesday.
Boeing chief executive Dennis Muilenburg told a U.S. House panel on Wednesday he has not offered to resign or submitted a resignation letter in the wake of two devastating 737 MAX crashes.
The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost a billion dollars that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
The Federal Reserve on Wednesday cut interest rates for the third time this year, as expected, in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson on Wednesday denied misleading investors about how the oil major measured potential costs of climate change, as he testified in a closely watched civil lawsuit brought by New York's attorney general.
Fiat Chrysler will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot , two sources close to the matter said on Wednesday.
U.S. stocks were little changed on Wednesday, rebounding after a brief move lower in choppy trade on the heels of the policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession.