 | | | | Hudson's Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, as the retail operator culls its portfolio to a few key brands. | | | | | | Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel. | | | | | | U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, Secretary of Agriculture Sonny Perdue said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of waivers freeing refineries from their obligation to blend ethanol into the fuel supply. | | | | | | Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc's voice assistant Alexa, online payments and music storage in a bid to compete strongly with Apple Inc's smartwatches. | | | | | | U.S. Treasury debt yields fell on Wednesday, with 30-year yields setting all-time lows, as fears about a recession and trade tensions between China and the United States stoked unrelenting demand for low-risk government debt. | | | | | | The FBI on Wednesday conducted searches at the home of United Auto Workers President Gary Jones, a union retreat and multiple other locations as part of a corruption probe into illegal payments to union officials, posing fresh problems for the union at a pivotal time. | | | | | | Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the trade war between Washington and Beijing. | | | | | | U.S. stocks advanced on Wednesday, as gains in financial and energy shares helped equities recover from initial declines, but investors remained cautious about the potential for another flare-up in U.S.-China trade tensions. | | | | | | Huawei Technologies plans to forge ahead with the launch of new high-end smartphones in Europe even though it may not be able to offer Google's official Android operating system and widely used apps such as Google Maps, company executives told Reuters. | | | | | | A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain's prime minister moved to restrict parliamentary time before the country's planned departure from the European Union. | | | | | |
