Month: May 2019

Apple Inc on Wednesday publicly defended its App Store from mounting criticism over its treatment of rivals in a new blog post detailing its functions and guidelines.

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Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the chief executive officer and board chairman roles at the largest publicly traded oil producer.

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Wells Fargo & Co said on Wednesday the bank’s board of directors had elected former Bank of America Corp executive Charles Noski to join the board.

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The father of a university football player who died of a drug overdose provided emotional testimony about the U.S. opioid epidemic’s personal cost on Wednesday during the second day of trial in a lawsuit by the state of Oklahoma accusing Johnson & Johnson of fueling the crisis.

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Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.

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Ferrari presented a luxury car with a difference on Wednesday — a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour.

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Fears that an escalating trade war between the United States and China will slash global economic growth pulled world stock markets down to near two-and-a-half-month lows on Wednesday and continued to feed a rally in safe-haven government bonds.

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Boeing Co is surprised Canada softened the rules of a competition for new fighters to allow Lockheed Martin Corp to submit a bid, but is still confident it has a chance, a top executive said on Wednesday.

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Fiat Chrysler’s proposed $35 billion merger with Renault has cheered investors, won conditional support from Paris and Rome and even earned cautious backing from trade unions.

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Wall Street’s main indexes hit a near three-month low on Wednesday, as growing fears of a protracted trade war between the United States and China sent investors scurrying for the safety of government bonds.

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Oil and gas giant Royal Dutch Shell PLC will disclose how much tax it pays in every country in which it operates, an executive told a Dutch parliamentary panel on Wednesday, in a report to be published later this year.

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Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA), it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance.

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The father of a university football player who died of a drug overdose provided emotional testimony about the personal cost of the nationwide opioid epidemic on Wednesday during the second day of trial in a lawsuit by the state of Oklahoma accusing drugmaker Johnson & Johnson of fueling the crisis.

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Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the roles of the chief executive and board chairman at the largest publicly-traded oil producer.

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U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models.

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