Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance.
Boeing Co said its flying car prototype hovered briefly in the air during an inaugural test flight on Wednesday, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services.
Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except for North America weighed on results.
Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest federal government shutdown in U.S. history limited the advance.
Lawyers representing owners of Fiat Chrysler diesel vehicles told a U.S. judge they are seeking up to $106.5 million in legal fees and out-of-pocket costs in connection with a settlement over excess vehicle emissions, but they are in talks to finalize the amount, officials said Wednesday.
Verizon Communications Inc is cutting about 7 percent, or about 800 jobs, at its media unit, it said on Wednesday.
Stocks oscillated between positive and negative territory on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports.
Facebook Inc will make changes to better prevent users who have had their organization’s pages removed for violating its rules from using duplicate pages to continue the same activity, it said on Wednesday.
Wall Street struggled for direction on Wednesday, as early gains driven by a spate of upbeat earnings were offset by concerns about a potential economic downturn, trade tensions and longest government shutdown in U.S. history.
New Zealand’s prime minister has assured Chinese telecoms equipment group Huawei Technologies Co Ltd of even-handed treatment after the small U.S. ally blocked the sale of some Huawei equipment citing national security concerns.
A corner of the market for initial public offerings is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
Amazon.com Inc spent a company record $14.19 million on lobbying the U.S. government in 2018, according to a disclosure filed late on Tuesday.
Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.
French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips.
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