| | | | | NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases. | | |
| | | (Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered. | | |
| | | (Reuters) - Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard. | | |
| | | (Reuters) - A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc's challenge to Coca-Cola Co's effort to register trademarks for soft drinks and sports drinks whose names contain the word "zero." | | |
| | | WASHINGTON (Reuters) - A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat. | | |
| | | WASHINGTON (Reuters) - The United States is launching an investigation of recent steel price hikes to determine whether some market participants are "illegitimately profiteering" from new U.S. tariffs, Commerce Secretary Wilbur Ross said on Wednesday | | |
| | | (Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer. | | |
| | | NEW YORK (LPC) - Banks arranging nearly $36 billion of loans to support Walt Disney Co’s sweetened $71.3 billion bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around $200 million in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A). | | |
| | | LONDON (Reuters) - A London court on Wednesday described as "troubling" a case brought by the Financial Conduct Authority (FCA) against a former junior UBS trader for alleged Libor interest rate rigging. | | |
| | | NEW YORK (Reuters) - Well-regarded surgeon and author Atul Gawande, a critic of his industry's medical practices, will lead the new company being formed by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co that aims to cut U.S. employee healthcare costs, the companies said on Wednesday. | | |
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