FCC chairman circulates order to approve Sprint, T-Mobile tie-up
Federal Communications Commission chairman Ajit Pai on Wednesday circulated a draft order that would grant approval to the $26 billion tie-up of T-Mobile Us Incand...
Novartis says top R&D executives no longer at Avexis unit after test data manipulation
Novartis said on Wednesday the two top research & development executives at its Avexis unit were no longer at the company after some data from...
Ford extends warranty on certain Focus, Fiesta models
Ford Motor Co said on Wednesday it is extending warranty on clutch and related hardware in certain of its Focus and Fiesta cars due to...
U.S. yield curve inversion highlights recession fears, Fed dilemma
When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in...
China’s Tencent cautious after surge in quarterly profit
China’s Tencent Holdings , the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected...
Wall Street slides as recession fears grow
Wall Street main indexes slid 1.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor...
Novartis says Avexis’ Chief Science Officer, head of R&D no longer at company
Novartis said on Wednesday that the chief science officer and top research and development executive at its Avexis unit are no longer at the company...
Macy’s sinks as poor spring season hits profit
Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as...
WeWork preps for IPO with growing revenues and widening losses
WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first...
Oil prices fall on weak global economic data
Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the previous session’s strong gains which...