Wednesday 9 January 2019

Bed Bath & Beyond posts better-than-expected profit, shares soar

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Bed Bath & Beyond posts better-than-expected profit, shares soar

Home furnishing retailer Bed Bath & Beyond Inc on Wednesday reported a better-than-expected quarterly profit, bolstered by its online business, and forecast earnings for 2019 above Wall Street estimates.

Amazon CEO Jeff Bezos and wife MacKenzie to divorce

Amazon.com Inc founder and Chief Executive Jeff Bezos, the world's richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday.

Skydance hires ousted Disney animation head Lasseter

U.S. film production company Skydance Media on Wednesday named Walt Disney Co's former animation head and co-founder of Pixar, John Lasseter, as head of its animation division.

Stocks boosted by U.S.-China trade hope, oil prices soar

Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.

Wall Street extends rally as chipmakers rebound

Wall Street rallied for a fourth session on Wednesday, propelled by Apple, chipmakers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China.

Former Insys CEO pleads guilty to opioid kickback scheme

The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.

Fed policymakers say U.S. rate hikes can wait, for now

U.S. Federal Reserve policymakers say they will wait to deliver more interest rate hikes until they have a better handle on whether slowing global growth and financial market volatility will undercut an otherwise solid U.S. economic outlook.

Traders keep bets against further Fed rate hikes

U.S. short-term interest-rate futures rose slightly on Wednesday just after minutes from the Federal Reserve's most recent meeting showed policymakers want to be patient about further rate hikes.

Apple, Qualcomm spar over CEOs' comments on settlement talks

Qualcomm Inc has responded to comments made by Apple Inc Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook's remarks "misleading."

CBS News head David Rhodes steps down, Susan Zirinsky to take over

CBS News President David Rhodes is stepping down and Susan Zirinsky, a senior executive producer, will take over the president's role from March, the company said on Sunday.

U.S. top court rejects Exxon in climate change document dispute

The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change.

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