Lyft trumps revenue estimates as it attracts more riders
Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, as promotions attracted more active users who also spent more per...
Facebook beats quarterly revenue estimates
Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, driven by a steady rise in advertising....
Exclusive: Alibaba to resume Hong Kong listing plans as soon as November – sources
Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest in...
Stocks little changed in wake of Fed statement
U.S. stocks were little changed on Wednesday, rebounding after a brief move lower in choppy trade on the heels of the policy statement by the...
U.S. Fed cuts rates but signals pause in easing cycle
The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global...
Boeing CEO pummeled on compensation, 737 MAX flaws at U.S. hearing
Boeing Co Chief Executive Dennis Muilenburg was repeatedly hammered by U.S. lawmakers at a hearing on Wednesday over his compensation and key mistakes in the...
Fiat Chrysler considers 5 billion euro special dividend as part of potential deal with Peugeot: Bloomberg
Italian automaker Fiat Chrysler is considering a 5 billion euro ($5.56 billion) special dividend, as part of a potential combination with Peugeot owner PSA ,...
Fiat Chrysler and Peugeot in talks over $50 billion tie-up
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...
S&P 500, Dow tread water on mixed earnings; Fed decision eyed
The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by...
Boeing CEO Muilenburg says he has not offered to resign
Boeing chief executive Dennis Muilenburg told a U.S. House panel on Wednesday he has not offered to resign or submitted a resignation letter in the...