September 19, 2018

SEC sues ex-CEO of California breast implant company after stock nosedived

The U.S. Securities and Exchange Commission on Wednesday sued the founder and former chief executive of Sientra Inc for fraudulently concealing problems with his company's breast and other implants as it was raising $61.4 million in a public stock off...
September 19, 2018

Alibaba’s Jack Ma goes back on promise to create one million U.S. jobs: Xinhua

Alibaba Chairman Jack Ma said the company no longer plans to create one million jobs in the United States due to the U.S.-China trade conflict, China's news agency Xinhua reported http://www.xinhuanet.com/2018-09/19/c_1123456015.htm on Wednesday.
September 19, 2018

What sector overhaul means for tech stocks, Wall Street

The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market.
September 19, 2018

Canada’s Trudeau urges some U.S. flexibility in NAFTA talks

Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.
September 19, 2018

U.S., China have lots of ‘ammunition’ and trade spat could escalate -WTO chief

The trade dispute between the United States and China could well expand into other areas given the significant "ammunition" the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
September 19, 2018

Nike’s Kaepernick ad spurs spike in sold out items

Nike Inc has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company's online sales from Thomson Reuters Proprietary Research.
September 19, 2018

Bank of America to pay $30 million ‘manipulation’ penalty: CFTC

U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark.
September 19, 2018

Banks lift S&P, Dow; Nasdaq weighed by Microsoft

The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while the tech-heavy Nasdaq was weighed by a drop in Microsoft.
September 19, 2018

Renault-Nissan adopts Android in coup for Google

The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet's Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
September 19, 2018

Global stocks rally for a second day, setting aside trade fears

World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows, on bets the ongoing U.S.-China trade spat would inflict less damage than feared.