Global shares at one-month low on U.S. manufacturing shock
Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from...
Oil recovers ground after U.S. data shows crude stock build
Oil rebounded from several days of declining values after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the...
Johnson & Johnson settles Ohio lawsuits to avoid federal trial
Johnson & Johnson said on Tuesday it will pay $20.4 million to settle claims by two Ohio counties, allowing the U.S. healthcare giant to avoid...
U.S. SEC proposes exchanges seek public consultation on data fee changes
The U.S. securities regulator on Tuesday proposed a change to the way exchange operators alter their fees, in a move aimed at improving transparency but...
WeWork weighs pullback in China as part of cost cuts: WSJ
WeWork’s parent The We Company’s new management team is considering curbing its expansion plans in China as part of the company’s new emphasis on controlling...
Fitch downgrades WeWork after aborted IPO leaves financing hole
Global credit rating agency Fitch Ratings on Tuesday downgraded WeWork’s credit rating by two notches to “CCC+”, putting the Softbank-backed office-sharing firm deep into junk...
Weak oil prices hit Exxon’s third-quarter earnings: filing
Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period, according to a regulatory filing on Tuesday that showed all three of...
Visa, Mastercard reconsider backing Facebook’s Libra: WSJ
Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc’s cryptocurrency, Libra, the Wall Street Journal reported on Tuesday,...
Deere to lay off 163 U.S. workers as trade war dents equipment demand
Deere & Co on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction...
Oil prices slip as U.S. economic data weakens demand outlook
Oil futures sank on Tuesday as weak U.S. economic data dimmed crude’s demand outlook and pressured prices, while reports of a third-quarter decline in output...