 | | | | Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses. | | | | | | WeWork owner The We Company will try to sell three companies it had acquired in the last few years, The Information reported on Wednesday, citing people familiar with the matter. | | | | | | General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new labor deal but are grappling with issues over the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday. | | | | | | The S&P 500 notched its biggest daily gain in two weeks on Wednesday as investors shrugged off the news of an impeachment inquiry into President Donald Trump, while Nike shares jumped on upbeat quarterly results. | | | | | | Saudi Arabia is in consultation "with friends and allies about the next steps to take" after a Sept. 14 attack on its oil facilities, but is waiting for the findings of an investigation, Saudi Arabia's Minister of State for Foreign Affairs Adel al-Jubeir told reporters on Wednesday. | | | | | | Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said. | | | | | | The dollar rose and stocks on Wall Street lifted a gauge of global equities on Wednesday on robust U.S. housing data and the notion a strong economy would overcome any investor skittishness over a possible impeachment of President Donald Trump. | | | | | | Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity's $28 billion Blue Chip Growth Fund, whose exposure to the troubled e-cigarette maker has climbed to $761 million amid a regulatory backlash and departure of its top executive. | | | | | | Amazon.com Inc on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for the company's virtual assistant Alexa, while the voice aid will also be built into a new wearable line of earbuds, eyeglasses and a ring. | | | | | | U.S. energy major Chevron Corp has decided to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay the bill for removing offshore oil and gas platforms, the company told Reuters on Wednesday. | | | | | |
