German prosecutors probe Airbus for potential misuse of client documents
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents....
Fed keeps cash spigot open as key rate punches above its target
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank’s targeted range...
Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding...
Wall Street retreats ahead of Fed decision as FedEx weighs
U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve’s decision on interest rates and clues about its future monetary policy,...
FedEx tumbles 13% on weak 2020 outlook, brokers cut price targets
Shares of FedEx Corp fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split...
Novartis halts distribution of its Zantac versions amid probe into impurities
Novartis AG’s Sandoz unit said on Wednesday it was halting distribution of its versions of the drug commonly known as Zantac in all its markets,...
Southwest passengers get no damages for flights canceled by de-icer shortage: U.S. judge
Southwest Airlines Co won the dismissal of a proposed class-action lawsuit seeking damages for stranded passengers on hundreds of winter flights it was forced to...
Wall Street dips as FedEx issues profit warning; all eyes on Fed
U.S. stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on...
Stocks edge lower with Fed decision on tap; oil slips
Stocks around the world edged lower on Wednesday and the U.S. dollar crept up as investors waited for the U.S. Federal Reserve’s decision on interest...
Wall Street edges lower as FedEx profit warning drags; Fed in focus
U.S. stocks came under pressure on Wednesday after FedEx issued a profit warning, while investors waited for the Federal Reserve’s decision on interest rates in...