 | | | | NEW YORK (Reuters) - Wall Street closed lower after a rocky session on Wednesday as gains in defensive sectors were eclipsed by a sharp fall in Amazon shares and declines in technology stocks. | | | | | | WASHINGTON (Reuters) - Amazon.com Inc shares fell almost 5 percent on Wednesday, wiping more than $30 billion off its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world's largest online retailer and wants to rein in its growing power. | | | | | | NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries. | | | | | | NEW YORK (Reuters) - Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody's Investors Service, federal probes of a fatal crash and concerns about Model 3 production. | | | | | | (Reuters) - Facebook Inc has adjusted privacy settings to give users more control over their information in a few taps, it said on Wednesday, after an outcry over a whistleblower's allegations that members' data was used to sway the 2016 U.S. election. | | | | | | (Reuters) - Turner Chief Executive John Martin told a U.S. court on Wednesday that there is no incentive for the company to hold back its networks, which include CNN, TBS and TNT, from other distributors if parent Time Warner is bought by AT&T Inc. | | | | | | NEW YORK (Reuters) - Japanese automaker Nissan Motor Co Ltd on Wednesday unveiled an all-new Altima sedan, and demonstrated the auto industry's problem adjusting new-model investments fast enough to keep pace with shifts in consumer demand. | | | | | | NEW YORK (Reuters) - Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives said. | | | | | | (Reuters) - BlackBerry Ltd reported a fourth-quarter profit on Wednesday that beat analysts' estimates and said it expects strong billings at its high-margin software and services business for the full year. | | | | | | (Reuters) - U.S. exchange operator CME Group is in advanced talks to buy Britain's NEX Group for about 3.8 billion pounds ($5.4 billion) to create a cross-border trading powerhouse. | | | | | |
