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Updated: 18 min 12 sec ago

Asia steady after Wall St. notches record highs, dollar holds firm

1 hour 7 min ago
TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

Cyber attack, hurricane weigh on FedEx quarterly profit

4 hours 27 min ago
(Reuters) - Package delivery company FedEx Corp said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast.

Wall Street edges higher; U.S. Fed meeting in focus

4 hours 38 min ago
(Reuters) - The three major U.S. stock indexes edged higher on Tuesday, logging closing records, with financial stocks providing the biggest boost a day ahead of the Federal Reserve's concluding statement from its two-day policy meeting.

Veon must face lawsuit over bribery disclosures: U.S. judge

5 hours 29 min ago
NEW YORK (Reuters) - A U.S. judge said Veon Ltd shareholders may pursue much of a lawsuit accusing the multinational phone company once known as VimpelCom of inflating its share price by concealing a bribery scheme in Uzbekistan and overstating its financial controls.

T-Mobile US explores takeover of Sprint: source

5 hours 42 min ago
(Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

Ford to cut production at five North American vehicle plants

5 hours 46 min ago
DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.

FedEx quarterly profit falls

5 hours 51 min ago
(Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower quarterly net profit due to service disruptions following June's Petya cyber attack on its Dutch delivery unit TNT Express and the impact of Hurricane Harvey.

Wall St edges up on financials as Fed eyed

6 hours 13 min ago
NEW YORK (Reuters) - U.S. stocks closed slightly higher on Tuesday but trading was in a narrow range with financial stocks providing the biggest boost ahead of the conclusion of the Federal Reserve's two-day policy meeting.

U.S. bankruptcy judge says will approve loan for Toys 'R' Us

6 hours 40 min ago
WILMINGTON, Del (Reuters) - The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys 'R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season.

Wall St. edges up as U.S. Fed meeting is in focus

7 hours 5 min ago
(Reuters) - U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

7 hours 44 min ago
WASHINGTON (Reuters) - A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources

8 hours 8 min ago
TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , people familiar with the deal said.

Tesla shares fall from record high after warning from analyst

8 hours 30 min ago
SAN FRANCISCO (Reuters) - Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.

Exclusive: Toshiba flips back to favoring Western Digital group for chip unit sale - sources

8 hours 36 min ago
TOKYO (Reuters) - Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , just days after saying it was leaning toward a rival bid including a South Korean chipmaker, people familiar with the deal said in the latest in a series of twists for the critical deal.

Massachusetts sues Equifax as hack concerns spread to Canada

8 hours 44 min ago
(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.

Wall St. edges up on telecom gains; Fed meet in focus

9 hours 11 min ago
(Reuters) - U.S. stocks edged up in early afternoon trading on Tuesday, helped largely by gains in telecom stocks, but traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

Fiat Chrysler recalls 494,000 pickup trucks for fire risk

9 hours 13 min ago
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.

Massachusetts sues Equifax for not protecting state residents

10 hours 19 min ago
(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state.

Retailers boost holiday hires in stores to help tackle online sales

10 hours 21 min ago
(Reuters) - Major retailers are looking to stimulate anemic sales by hiring thousands of more workers this holiday season to improve customer service on their sales floors and handle the fast-growing use of their stores to fulfill online orders.

Wall St. little changed as investors focus on Fed meeting

10 hours 39 min ago
(Reuters) - U.S. stocks were little changed on Tuesday as investors held back from making major bets ahead of the Federal Reserve's policy meeting that is expected to roll out a plan to pare the central bank's debt holdings.

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