Page 2308 - Business Finance
James Murdoch in line to replace Musk as Tesla chairman - FT
SAN FRANCISCO/BOSTON (Reuters) - Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.
Trump calls stock sell-off a correction, says Fed 'crazy'
ERIE, Pa. (Reuters) - U.S. President Donald Trump said Wednesday's stock market sell-off was a correction that was long awaited, and that the Federal Reserve, which has been raising interest rates, has gone "crazy."
Pentagon says memo asking for Broadcom-CA deal review is likely fake
(Reuters) - The U.S. Department of Defense said on Wednesday that a memo purporting to show the Pentagon asking for a national security review of chipmaker Broadcom Inc's $19 billion deal to buy software company CA Technologies was likely fake.
Trump briefed on stock market sell-off - CNBC
WASHINGTON (Reuters) - U.S. President Donald Trump has been briefed on Wednesday's stock market sell-off, a senior White House official told CNBC, as the Dow Jones Industrial Average dropped more than 3 percent in one day and the S&P 500 marked its biggest daily decline since February.
Oil prices slump 2 percent as Wall Street slides
NEW YORK (Reuters) - Oil prices dropped 2 percent on Wednesday as U.S. equity markets broadly fell, even though energy traders worried about shrinking Iranian supply from U.S. sanctions and kept an eye on Hurricane Michael, which closed some U.S. Gulf of Mexico oil output.
U.S. stocks plunge on rising Treasury yields
NEW YORK (Reuters) - U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.
Global stocks slide to three-month low on tech stocks plunge, rising U.S. interest rates
NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February.
Gold edges up as dollar slips, global stocks sag
BENGALURU (Reuters) - Gold prices inched up on Wednesday as some investors sought refuge in the metal after the dollar weakened and global stocks tumbled on the back of rising bond yields.
Buyout firm Thoma Bravo adds Imperva to cyber portfolio
(Reuters) - Buyout firm Thoma Bravo LLC has agreed to buy Imperva Inc for $2.1 billion in cash, adding the cybersecurity firm to its technology-heavy investment portfolio, it said on Wednesday.
Global equities slide to three-month low as tech stocks plunge
NEW YORK (Reuters) - World equities slid to a three-month low on Wednesday and Wall Street fell more than 2 percent as technology shares tumbled on fears of slowing demand, while rising U.S. bond yields provided competition for high-riding stocks.
S&P500 index falls 2.0 percent as U.S. bond yields soar and investors shun risk
(Reuters) - Wall Street stock indexes tumbled on Wednesday, on track for the biggest daily decline since April, and the sell-off intensified as the day wore on as rising U.S. Treasury yields and trade policy related worries sent investors fleeing for safety.
Tech stocks lead Wall St. slump as investors shun risk
(Reuters) - Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.
Tata Motors launches next generation of compact sedan Tigor
Automobile manufacturer Tata Motors on Wednesday launched the next generation of compact sedan -- Tata Tigor -- in both petrol and diesel variants.
Tata Steel's Sunil Bhaskaran to head AirAsia India
Budget passenger carrier AirAsia India on Wednesday said that Tata Steel's Vice President, Corporate Services, Sunil Bhaskaran has been appointed as the airline's Chief Executive Officer (CEO) and Managing Director (MD).
Excise duty on aviation fuel cut to 11% from 14%
Days after central excise duty cut in petrol and diesel, the government on Wednesday reduced the excise duty on aviation fuel to 11 per cent from 14 per cent in order to provide relief to airlines from high fuel costs.
Fed's Evans sees a pause after lifting rates to around 3 percent
FLINT, Mich. (Reuters) - The Federal Reserve can likely stop raising U.S. interest rates once they reach about 3 percent, as long as inflation remains around 2 percent and the economy is doing well, Chicago Federal Reserve President Charles Evans suggested on Wednesday.
Corrected: Tech stocks lead Wall Street slump as investors shun risk
(In paragraph two, corrects difference between Dow's record high and session low to 3.6 percent, from 4.5 percent, and for Nasdaq to 7.1 percent, from 7.8 percent)
James Murdoch in line to replace Musk as Tesla chairman: Financial Times
(Reuters) - Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.
New stores and online growth help IKEA fend off rivals
MADRID/STOCKHOLM (Reuters) - IKEA reported a 5 percent rise in annual sales on Wednesday as strong online growth and new stores in India and several other countries helped the world's biggest furniture retailer cope with mounting competition.
IndiGo withdraws an A320 aircraft after engine snag
Budget passenger carrier IndiGo on Wednesday said it has withdrawn an A320 aircraft from service after it suffered an engine snag in route from Bangalore to Ahmedabad on October 8.