 | | | | Global equity benchmarks rebounded and the dollar dipped on Wednesday following a sharp sell-off in U.S. tech stocks that had erased more than 10% from the Nasdaq Composite Index in three days. | | | | | | Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak. | | | | | | Wall Street's main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. | | | | | | J.C. Penney Co Inc's landlords reached a tentative deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said during a brief court hearing Wednesday. | | | | | | J.C. Penney Co Inc has a colorful history as one of America's most recognizable department store chains, but a failure to counter the shift to online shopping hammered its business in recent years, with COVID-19 pandemic finally pushing it to the brink of collapse. | | | | | | A tentative deal between United Airlines and the union representing its pilots would distribute the airline's flight schedule among a larger number of pilots in an effort to avert furloughs, two people familiar with the matter said on Wednesday. | | | | | | After more than a year in a tailspin, Italian sports car brand Maserati unveiled on Wednesday a new high performance sports car, part of a bid by parent Fiat Chrysler Automobiles NV to revive its premium vehicle strategy heading into its merger with French automaker Peugeot SA . | | | | | | AstraZeneca's suspension of global trials of its experimental coronavirus vaccine after an unexplained illness in a study subject in Britain has cast doubt on prospects for an early rollout of one of the most advanced COVID-19 vaccines in development. | | | | | | Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. | | | | | | Germany's Auto Motor und Sport said Volkswagen's new electric car, the ID.3, had fallen short of the carmaker's usual standards of fit and finish, and had a limited operating range, when it reviewed the car ahead of its launch. | | | | | |
