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.
The Trump administration still expects to sign an initial trade agreement with China next month despite the cancellation of the APEC summit in Chile where officials had hoped to finalize the pact, the White House said on Wednesday.
U.S. President Donald Trump's demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.
Britain's biggest trade union Unite wants a meeting with management at French carmaker Peugeot over a possible tie-up with Fiat Chrysler, saying merger talks and uncertainty over Brexit are "deeply unsettling" for workers at British plants.
Fiat Chrysler and Peugeot owner PSA are in talks to combine and create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the auto industry.
Apple Inc's Apple TV+ and Walt Disney Co's Disney+ will launch competitors to streaming video pioneer Netflix Inc in November. Several others already have hit the market or will debut in the coming months.
On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chair Jerome Powell's communication miscues.
FiatChrysler and France's Peugeot said they are in talks about a potential tie-up, the latest bout of auto industry consolidation as the costs of developing zero-emissions vehicles rises amid slowing global demand.
Italian trade union FIOM said on Wednesday it feared a possible tie-up between Fiat Chrysler and Peugeot owner PSA could hurt Italian factories.
Talks between Fiat Chrysler and Peugeot owner PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with one source saying a deal could be announced as early as Thursday.
U.S. private employers added 125,000 jobs in October, slightly above economists' expectations, a report by a payrolls processor showed on Wednesday.
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, which could further allay financial market fears of a recession.
BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply on the previous day on fears it would defer a decision to 2020.