 | | | | NEW YORK (Reuters) - The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes. | | | | | | (Reuters) - Morgan Stanley reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong. | | | | | | WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook. | | | | | | WASHINGTON (Reuters) - "Robust" business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one big outlier. | | | | | | (Reuters) - Credit card issuer American Express Co's quarterly profit topped Wall Street forecasts as a strengthening U.S. economy contributed to higher customer spending. | | | | | | STRASBOURG (Reuters) - Facebook Inc's Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans. | | | | | | (Reuters) - SunPower Corp on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports. | | | | | | SAN FRANCISCO/NEW YORK (Reuters) - China's ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment. | | | | | | HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion. | | | | | | (Reuters) - General Motors Co said on Wednesday that it was replacing Johan de Nysschen as head of its Cadillac brand, ahead of the launch of a new sport utility vehicle central to GM's hopes for luxury market growth. | | | | | |
