The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran.
Tobacco giants Philip Morris International and Altria Group have scrapped merger talks as Altria-backed e-cigarette maker Juul Labs sank deeper into crisis and said it would suspend advertising in the United States.
Elliott Management on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, three years after the activist investor asked the refiner to review its operations and consider spinning off businesses.
U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of uncertainty, with forecast-beating results from Nike Inc helping dispel some gloom.
Jeff Bezos' space company expects to fly its space tourism rocket at least two more times before it puts the first people on board.
Nestle's infant nutrition business in China grew at a healthy pace, despite a steep fall in birth rates and an overall slowdown in consumption, the company's chief financial officer said at a conference on Wednesday.
The German regional state of Hesse stands ready to offer financial support to Thomas Cook's German unit, its Prime Minister Volker Bouffier said on Wednesday.
Thomas Cook's German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.
Washington's policy of applying "maximum pressure" on Iran with wide-ranging sanctions has shredded the country's oil revenues, sent its economy into recession and devalued its national currency.
Thomas Cook's Polish business Neckermann Polska said on Wednesday it was insolvent as the effects of the demise of the world's oldest travel firm spread to central Europe, leaving around 3,600 Polish tourists stuck abroad.
The European Union antitrust regulator said on Wednesday it was in close contact with the German authorities regarding a proposed loan to German airline Condor.
IKEA's online sales surged 43% in the 12 months to the end of August, helping to drive overall retail sales at the world's biggest furniture group 6% higher, based on local currencies, brand owner and franchisor Inter IKEA said on Wednesday.
Volkswagen workers applauded Chairman Hans Dieter Poetsch at a mass meeting of employees at its headquarters on Wednesday, according to a participant, as staff appeared to close ranks behind its senior managers, three of whom have been indicted.
Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million.
A former head of Danske Bank's Estonian branch, who was a witness in an investigation into alleged money laundering, has been found dead by police in Estonia.