Wednesday July 17, 2019 8:30:29 AM PDT - Everything characters say or do is a clue to their personalities, their histories, and the forces that motivate them. - William G. Tapply
 
 
 

 

 

 
 

Wed, 17 Jul 2019 11:23:09 -0400

Oil prices steady after U.S. fuel inventories build

Oil prices on Wednesday steadied after plummeting more than 3% in the previous session, but were weighed down by U.S. government data that showed large builds in refined product stockpiles.


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Wed, 17 Jul 2019 10:57:05 -0400

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.


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Wed, 17 Jul 2019 10:56:15 -0400

Microsoft, AT&T sign cloud deal worth more than $2 billion

Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications company will tap Microsoft's Azure cloud service for its computing needs and use Microsoft 365, which includes Office productivity software, for much of its 268,000-strong workforce.


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Wed, 17 Jul 2019 10:54:56 -0400

Boeing to spend $50 million to support 737 MAX crash victim families

Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created to address two deadly crashes of its 737 MAX planes to financial relief for the families of those killed, with compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution.


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Wed, 17 Jul 2019 10:37:11 -0400

Wall St. flat as railroads slide after CSX signals trade impact

U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp's profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm.


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Wed, 17 Jul 2019 10:26:50 -0400

Amazon under EU antitrust fire over use of merchant data

Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining regulators' increasing focus on how tech companies exploit customer information.


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Wed, 17 Jul 2019 10:10:21 -0400

Making sense of chaos? Algos scour social media for clues to crypto moves

After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year - but few people could convincingly explain why.


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Wed, 17 Jul 2019 09:36:29 -0400

Bank of America trims net interest income guidance

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends.


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Wed, 17 Jul 2019 09:10:50 -0400

EU antitrust regulators to investigate Amazon over merchant data

EU antitrust regulators will investigate Amazon, the world's largest online retailer, to see if its use of other merchants' data breaches EU antitrust rules, the European Commission said on Wednesday.


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Wed, 17 Jul 2019 09:10:50 -0400

Amazon says it will cooperate with EU antitrust regulator probe

U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants' data.


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Wed, 17 Jul 2019 08:17:53 -0400

Trade war, Brexit stoke debt and dollar, hit stocks and sterling

Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for "safe" government bonds.


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Wed, 17 Jul 2019 08:12:08 -0400

Bayer shares up 1.8% trade after U.S. Roundup rule

Shares in German chemicals company Bayer rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes a California man who blamed its Roundup weed killer for his cancer.


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Wed, 17 Jul 2019 06:51:30 -0400

Amazon appeases German watchdog, but EU opens new probe

Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.


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Wed, 17 Jul 2019 05:37:00 -0400

Bills targeting China's Huawei introduced in Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of curbs on the Chinese firm.


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Wed, 17 Jul 2019 05:31:33 -0400

Ericsson warns on negative margin impact, shares fall 7%

Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.


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Wed, 17 Jul 2019 04:33:38 -0400

As Fed nears rate cut, policymakers debate how deep, and even if

With the first U.S. interest rate reduction in a decade expected later this month, two Federal Reserve policymakers sketched out arguments on Tuesday on how deep the cut should be, even as a third said she needs more data before being ready to sign on at all.


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Wed, 17 Jul 2019 03:02:27 -0400

Budweiser APAC's IPO failure hurt retail investors, say newspaper adverts urging reform

The dramatic failure of brewer Budweiser APAC's $9.8 billion Hong Kong listing left "mom and pop" investors badly out of pocket, a local broker has said in an unusual series of full-page advertisements in newspapers across the city on Wednesday.


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Wed, 17 Jul 2019 02:31:17 -0400

How lithium-rich Chile botched a plan to attract battery makers

In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.


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Wed, 17 Jul 2019 02:30:01 -0400

Nissan, Volvo and FCA lead European sales decline

European car sales dropped 7.9% in June, led by bigger declines for Nissan , Volvo and Fiat Chrysler (FCA) , according to industry data published on Wednesday.


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Wed, 17 Jul 2019 01:32:58 -0400

Renault-Nissan alliance is priority for France ahead of any consolidation: Le Maire

Renault's alliance with Japanese partner Nissan remains the priority for France ahead of any further consolidation such as a merger with Fiat-Chrysler , French Finance Minister Bruno Le Maire said on Wednesday.


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