NEW YORK -Wells Fargo & Co and Bank of America each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping…
By Jeffrey Dastin -Amazon.com Inc said on Wednesday it plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops carrying toys and home goods in the United States…
– Amazon.com Inc is using its logistics capability to get supplies to those in need and cybersecurity expertise to help governments and companies as part of its support for Ukraine,…
LONDON – A record share of firms in Britain’s business and professional services sector expect to raise prices over the next three months as they face surging cost pressures, a…
By Devik Jain and Noel Randewich – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less…
NEW YORK – Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at the March policy meeting but said the central bank…
By Howard Schneider and Lindsay Dunsmuir WASHINGTON -Federal Reserve Chair Jerome Powell, balancing high U.S. inflation against the complex new risks of a European land war, said Wednesday the central…
By Simon Jessop, Gloria Dickie and Benjamin Mallet LONDON/PARIS – A group of environmental organisations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it…
By Saqib Iqbal Ahmed NEW YORK -The battered shares of Van Eck’s Russia ETF have attracted a surge of trader interest and drawn comparisons to last year’s so-called meme stock…
By Jonnelle Marte – The Federal Reserve’s nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings and…
-Lordstown Motors Corp’s former chief executive sold $13.5 million worth of shares in the electric vehicle startup on Monday, according to a regulatory filing on Wednesday, as it struggles to…
By Paresh Dave and Sheila Dang -Business software giant Oracle Corp said on Wednesday it has suspended all operations in Russia, while rival SAP SE later announced it would pause…
By Andrea Shalal WASHINGTON -The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and “hostilities…
By Ann Saphir – In the U.S. Midwest one retailer planned to raise prices but did not have enough floor staff to physically change the tags. In the South, a…
By Aditya Kalra NEW DELHI -Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major…
-American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares…
By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. U.S. asset managers like Capital…
By John McCrank and Davide Barbuscia NEW YORK – Capital Group Companies Inc, one of the world’s largest investment management companies, known for its American Funds mutual funds, had billions…
(Refiles to correct spelling of Bank Otkritie in paragraph 2) By Philip Blenkinsop BRUSSELS – The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT…
By David Henry and Noor Zainab Hussain NEW YORK -Citigroup Inc unveiled a raft of new targets as it laid out its strategy for the next three to five years…
By Supantha Mukherjee, Johan Ahlander and Chris Prentice STOCKHOLM/WASHINGTON – Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors…
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON -European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine…
By Paresh Dave, Elizabeth Culliford and Sheila Dang – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told…
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already…
SPRINGFIELD, Mo. – A Chanute, Kansas, man serving with the Army National Guard pleaded guilty in federal court today to sexually exploiting an 11-year-old southwest Missouri victim to produce child…