Uber ends Arizona self-driving program following fatality

SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. [Read entire story]

S&P 500 erases losses following Fed minutes

(Reuters) - The S&P 500 erased losses to trade little changed on Wednesday after minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster interest rate hikes. [Read entire story]

Wall Street moves higher after Fed decision

NEW YORK (Reuters) - U.S. stocks edged higher on Wednesday after the Federal Reserve released its policy announcement, leaving interest rates unchanged. [Read entire story]

Cambridge Analytica shutting down: WSJ

(Reuters) - The Cambridge Analytica consultancy at the center of this year's Facebook privacy row is closing, the Wall Street Journal on Wednesday reported the founder of the firm's UK-based parent as saying. [Read entire story]

Wall Street wobbles after week’s wild start

(Reuters) - U.S. stocks slipped in choppy trading on Wednesday as technology and energy stocks fell, while investors adjusted to a market with greater volatility following wild swings of the past few sessions. [Read entire story]

Citigroup targets rapid Middle East, Africa growth in 2018

ABU DHABI (Reuters) - Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least a decade, likely led by Saudi Arabia, a senior executive at the U.S. bank said. [Read entire story]

Atlanta airport power outage cost Delta Air Lines up to $50 million

NEW YORK (Reuters) - The 11-hour system outage at Atlanta's Hartsfield-Jackson, the world's busiest airport, cost Delta Air Lines up to $50 million, a Delta spokesman confirmed on Wednesday, and the carrier said it [Read entire story]

U.S. aims to keep steep duties on Bombardier jets after Boeing complaint

WASHINGTON (Reuters) - The U.S. Commerce Department on Wednesday finalized steep anti-subsidy duties on Bombardier Inc's CSeries jets, setting up the next round of a fierce international trade dispute between the United [Read entire story]

Fed policymakers say rate increase likely warranted soon: minutes

WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on [Read entire story]

Exclusive: SAP investigating its sales practices in Gulf region

DUBAI/LONDON (Reuters) - German business software giant SAP , which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in [Read entire story]

Loyalists unhappy as Coach becomes Tapestry Inc

(Reuters) - Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer. [Read entire story]

Delta refuses to pay tariffs on Bombardier CSeries jets

NEW YORK (Reuters) - Delta Air Lines Inc on Wednesday said the carrier would not foot the bill of a 300 percent tariff that the U.S. Commerce Department wants to impose on Canadian-built Bombardier CSeries, leaving the [Read entire story]

Dow cracks 22,000, Apple rally leaves other tech behind

(Reuters) - The Dow peaked above the 22,000 mark for the first time on Wednesday, powered by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks pulled the Nasdaq and S&P 500 lower. [Read entire story]

Exclusive: Hasbro ends talks to buy Lions Gate Entertainment – sources

(Reuters) - Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lions Gate Entertainment Corp, people familiar with the matter [Read entire story]

Wall Street edges up after Fed holds tight on rates

NEW YORK (Reuters) - U.S. stocks added slightly to gains on Wednesday after the Federal Reserve kept interest rates unchanged and said it expected to start winding down its massive holdings of bonds "relatively soon" in [Read entire story]

Fed holds rates steady, sees portfolio cuts ‘relatively soon’

WASHINGTON (Reuters) - The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. [Read entire story]

Dollar recovers from 13-month low on strong PMI readings, Asia stocks tread water

SINGAPORE (Reuters) - The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in the day, but Asian [Read entire story]

Activist investor Sandell presses for Barnes & Noble sale: WSJ

(Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall Street Journal reported on Monday. [Read entire story]

SEC Chairman signals plans to scale back corporate disclosure rules

(Reuters) - Wall Street's top U.S. regulator on Wednesday signaled support for potentially scaling back the scope and breadth of disclosure rules and compliance costs imposed on public companies, in an effort to entice [Read entire story]

Generali puts $50 billion German life portfolio on block: sources

FRANKFURT/LONDON (Reuters) - Italy's Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said. [Read entire story]

Wall Street falls as financials stumble, oil drops

NEW YORK (Reuters) - U.S. stocks retreated on Wednesday, pulled lower by weakness in financials after JPMorgan and Bank of America warned of revenue weakness in the current quarter, while a drop in oil prices weighed on [Read entire story]

Toshiba moves back some chip unit assets to ward off Western Digital’s legal claim

TOKYO (Reuters) - Toshiba Corp has moved some of the assets of its memory chip unit back to the parent company to ward off Western Digital Corp's legal claim that the Japanese conglomerate cannot sell the unit without [Read entire story]

General Electric says engine issue grounds Boeing 737 max flights

SEATTLE (Reuters) - General Electric Co said on Wednesday that Boeing had temporarily halted flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by GE and Safran SA of France. [Read entire story]

U.S. government posts $182 billion surplus in April

WASHINGTON (Reuters) - The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday. [Read entire story]

Asia stocks, dollar under pressure after soft U.S. data

TOKYO (Reuters) - Shares dipped on Monday while the dollar and U.S. bond yields fell after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and upcoming French elections. [Read entire story]

China’s Ant Financial raises offer for MoneyGram to $1.2 billion

SINGAPORE (Reuters) - China's Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the U.S. firm's board, outbidding rival Euronet Worldwide [Read entire story]

Wall Street slips as tech stocks weigh

(Reuters) - U.S. stocks opened lower on Monday, with the Dow on track to snap an 11-day winning streak, as technology stocks declined and investors paused ahead of President Donald Trump's address to a joint session of [Read entire story]

GE’s Immelt says U.S. ‘diverging’ from the world

(Reuters) - The United States is "diverging" from the rest of the world and will be "less of a leader in trade", General Electric Co Chief Executive Jeffrey Immelt said in a letter to shareholders. [Read entire story]

Trump says U.S. automakers should make products in the country

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country. [Read entire story]

China, Europe drive shift to electric cars as U.S. lags

DETROIT (Reuters) - Electric cars will pick up critical momentum in 2017, many in the auto industry believe - just not in North America. [Read entire story]

Writedown fears wipe $5 billion off Toshiba’s value as it weighs options

TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a [Read entire story]

South Korea fines Qualcomm $854 million for violating competition laws

SEJONG, South Korea/SAN FRANCISCO (Reuters) - South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, [Read entire story]

JPMorgan has clutch of CEO understudies, people guessing on winner

NEW YORK (Reuters) - JPMorgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming U.S. president for the role of Treasury [Read entire story]

Volkswagen to cut 30,000 jobs at VW brand by 2021: source

FRANKFURT (Reuters) - Volkswagen and its powerful labor unions have agreed a turnaround plan involving 30,000 job cuts by 2021 at its core brand to boost profitability and fund a post-dieselgate shift to electric and [Read entire story]