July 18, 2018

U.S. regulatory panel gives Zions Bancorp green light to shed Fed oversight

A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp’s petition to shed Federal Reserve oversight on the basis it is not […]
July 18, 2018

U.S. proposes expedited appeal in fight with AT&T over purchase of Time Warner

The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc to buy movie and TV show […]
July 18, 2018

World stocks climb to month peak, U.S. dollar hits three-week high

Stocks on major world markets climbed to a one-month high on Wednesday after a raft of strong corporate earnings, while the U.S. dollar hit a three-week […]
July 18, 2018

Europe hits Google with record $5 billion antitrust fine, appeal ahead

European antitrust regulators fined Google a record 4.34 billion euro ($5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system […]
July 18, 2018

IBM quarterly results top estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and […]
July 18, 2018

Alcoa cuts adjusted EBITDA forecast citing tariffs

Aluminum producer Alcoa Corp said on Wednesday it cut its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018, citing U.S tariffs on imported […]
July 18, 2018

EBay second-quarter profit rises 7.7 percent

EBay Inc reported a 7.7 percent rise in quarterly profit on Wednesday, as tweaks to its websites and a focus on marketing drew more shoppers at […]
July 18, 2018

Fed walks careful line on trade, but downside risks emerging

Federal Reserve Chairman Jerome Powell’s official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed’s […]
July 18, 2018

American Express quarterly profit rises 21 percent

American Express Co reported a 21 percent rise in quarterly profit on Wednesday as a strengthening U.S. economy drew in more customers and encouraged higher credit […]
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