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  • News Highlights: Top Global Markets News of the Day

    Stocks Edge Up While China Rally Powers Ahead. The Dow and S&P 500 ticked higher, while mainland Chinese shares extended a winning streak for a seventh consecutive day. Pumps Billions Into Its Ailing Economy to Keep Crisis at Bay.

  • Judge Dismisses GM's Racketeering Lawsuit Against Fiat Chrysler

    A federal judge dismissed a General Motors Co. (GM) lawsuit accusing Fiat Chrysler Automobiles NV (FCAU) of bribing union officials to gain an advantage on its labor costs, dealing a blow to GM in an unusual legal standoff between rival automotive giants. GM in November filed a civil racketeering lawsuit against Fiat Chrysler, claiming the Italian-American auto maker intentionally hurt GM by paying off United Auto Workers leaders to win more-favorable contract terms for union-...

  • U.S. Stocks Edge Up While China Rally Powers Ahead

    U.S. stocks rose Wednesday, while mainland Chinese shares extended a winning streak for a seventh consecutive day. The S&P 500 advanced 0.3%. The Nasdaq Composite added 0.9%.

  • Russian Mining Company Refuses to Pay $2 Billion Damages Demand for Arctic Fuel Spill

    MOSCOW-- The Russian mining company that saw a massive fuel leak at one of its Arctic installations in May is refusing to pay some $2 billion in damages requested by the Russian government to cover the cleanup, and has questioned how the figure was calculated. At least 20,000 tons of fuel seeped from a holding tank at a power plant run by a subsidiary of Norilsk Nickel, or Nornickel, contaminating a swath of land and several ecologically-important bodies of water in what...

  • News Highlights: Top Global Markets News of the Day

    Stocks Waver While China Rally Powers Ahead. The Dow and S&P 500 were little changed, while mainland Chinese shares extended a winning streak for a seventh consecutive day. Pumps Billions Into Its Ailing Economy to Keep Crisis at Bay.

  • Alcoa Counters Weak Demand With Cost Cuts

    Alcoa Corp. (AA) said job cuts and other cost reductions helped trim losses from lower aluminum prices as the coronavirus pandemic pushed the industrial economy into a deep trough. The Pittsburgh-based company on Wednesday said those measures helped generate better-than-expected results for its latest quarter. "We realized gains in productivity, cost savings and also increased our cash balance," Chief Executive Roy Harvey said.

  • U.S. Stocks Waver While China Rally Powers Ahead

    U.S. stocks wavered Wednesday, while mainland Chinese shares extended a winning streak for a seventh consecutive day. The S&P 500 advanced in early trading before paring those gains and hovering around the flatline. The Nasdaq Composite added 0.4%.

  • U.S. Crude-Oil Inventories Unexpectedly Rise

    U.S. inventories of crude oil inventories surprisingly increased, but gasoline supplies fell sharply, according to data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices, which were mostly flat before the mixed data were released, declined slightly afterward. The Nymex front-month crude contract for August delivery was recently down 0.2% at $40.55/ bbl.

  • Beware of Bargains at Shopping Malls -- Heard on the Street -- Update

    After years of worrying about e-commerce, mall owners face another unwelcome reckoning from the pandemic. Their stocks appear cheap, but investors are better off window shopping until the long-term hit to rental income is understood. Retail real-estate investment trusts have been among the biggest losers in this year's health crisis.

  • U.S. Stocks Climb While China Rally Powers Ahead

    U.S. stocks jumped Wednesday, while mainland Chinese shares extended a winning streak for a seventh consecutive day. The S&P 500 rose 0.7% shortly after the opening bell. The Nasdaq Composite added 1%.

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