 | | | | The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, potentially giving U.S. President Donald Trump ammunition against Amazon.com Inc , which he claims pays too little for the agency's services. | | | | | | Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives. | | | | | | Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her cabinet's backing for her Brexit deal. | | | | | | Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase & Co , Oracle Corp and Travelers Cos , as the conglomerate puts some of its large cash hoard to work. | | | | | | The Federal Communications Commission on Wednesday launched the agency's first high-band 5G spectrum auction as it works to clear space for next-generation faster networks. | | | | | | The euro and sterling gained on Wednesday as British Prime Minister Theresa May obtained backing from her cabinet on her Brexit deal, which she now has to convince parliament to approve. | | | | | | Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. | | | | | | A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said. | | | | | | Oil rose nearly 2 percent on Wednesday, recouping some of the previous session's heavy selloff, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices. | | | | | | Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings. | | | | | | Pfizer lost the final round in a lengthy patent battle in Britain on Wednesday after the country's highest court ruled against it in a case involving its $5 billion-a-year pain drug Lyrica, exposing the company to possible financial claims. | | | | | |
