Fidelity Contrafund cuts value of WeWork stake by 35%
Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering (IPO).
Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering (IPO).
The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the world.
Yum Brands Inc missed earnings expectations, largely hit by a write down in the value of its investment in delivery company GrubHub and warned of sagging sales at its Pizza Hut U.S. chain next year, sending shares down 10% on Wednesday.
In the #MeToo era, the billionaire's lewd comments at a conference shine a spotlight on the financial advice industry and its reluctance to change its ways.
Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.
On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chairman Jerome Powell's communication miscues.
Former Nissan Motor Co Ltd boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that Japanese tax authorities determined he used company money for private use.
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights regulator said on Wednesday.
Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories.
Yum Brands Inc missed third-quarter profit expectations on Wednesday, hit by a write down in the value of its investment in delivery company GrubHub and unrelenting troubles at its Pizza Hut chain.
Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices to cement its position as India's largest carrier by market share.
Japanese retail sales grew the most in 5-1/2 years in September, boosted by consumers accelerating spending to beat a national sales tax hike that kicked in this month, raising some concerns about a subsequent pullback in demand in the coming months.
AT&T Inc in May will launch its HBO Max streaming service with a new "Game of Thrones" series at the current HBO price of $15 a month in an aggressive move to battle Netflix, Disney and Apple for the future of TV.
China's U.N. Ambassador Zhang Jun warned on Tuesday that U.S. criticism at the world body of Beijing's policy in remote Xinjiang was not "helpful" for negotiations between the two countries on a trade deal.
Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories.