S&P 500, Dow struggle for direction after three-day rally
The S&P 500 and the Dow edged lower in choppy trading on Wednesday as a record rise in coronavirus cases in six U.S. states dented...
EU worried Fiat-PSA deal may hit competition in vans
Fiat Chrysler and Peugeot maker PSA’s proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on...
EU antitrust regulators to investigate Fiat, PSA merger
European Union antitrust regulators opened on Wednesday an investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger, saying the deal may harm competition in...
U.S. housing starts miss expectations; permits rebound strongly
U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to...
Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to...
Mars Inc says evaluating changing Uncle Ben’s brand image
Mars Inc is “evaluating all possibilities” regarding changes to its Uncle Ben’s rice brand image, the food company told Reuters on Wednesday, following news that...
Oil falls on fears of more COVID-19 cases
Oil prices fell on Wednesday on fears about fresh outbreaks of COVID-19 but prices drew some support from stimulus measures and positive tests of a...
Wall Street opens higher on hopes of swift economic recovery
Wall Street’s main indexes opened higher on Wednesday, rising for a fourth straight session, as signs of more stimulus bolstered hopes of a quick economic...
Trump administration vows to push for ‘broad reset’ at WTO
The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to right what it sees as years...
UK’s Supreme Court rules against Mastercard, Visa in retailers’ fees battle
Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa and Mastercard restricted competition in the way they...