Dow slips triple digits as Greece, China weigh
U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
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NYSE trading halted; stocks down 1% as China, Greece weigh
U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
Greece seeks three-year loan, pledges to enact reforms next week
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
Greece seeks three-year loan, pledges to enact reforms next week
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
Microsoft to cut up to 7,800 jobs
Microsoft announced plans Wednesday to restructure the company’s phone hardware business and to cut up to 7,800 positions.
Major shareholders of Chinese companies pledge not to sell shares during market slump
Major shareholders of top Chinese banks including ICBC, and companies including Sinopec, have pledged to either maintain their holdings or increase their stakes in the listed firms to try and support China’s …
United Airlines' U.S. takeoffs halted on ‘automation issues'
United Airlines is resuming flights after a computer fault halted all U.S. departures for about two hours, disrupting travel for thousands of passengers in the second such setback since early June. The U.S. Federal Aviation Administration disclosed the end of the grounding in a statement Wednesday after saying “automation issues” had forced a temporary suspension of U.S. takeoffs.
Microsoft to cut up to 7,800 jobs
Microsoft announced plans Wednesday to restructure the company’s phone hardware business and to cut up to 7,800 positions.
Uber Seeks Up to $1 Billion Funding for Chinese Carveout
Uber Technologies Inc., the car-booking company, is seeking to raise as much as $1 billion in funding for its Chinese business, people familiar with the matter said. Uber China has been discussing a valuation of about $7 billion to $8 billion with potential backers, the people said, asking not to be identified because the discussions are confidential. Baidu Inc., the Beijing-based Internet firm that’s already an investor in Uber’s global
Uber Seeks Up to $1 Billion Funding for Chinese Carveout
Uber Technologies Inc., the car-booking company, is seeking to raise as much as $1 billion in funding for its Chinese business, people familiar with the matter said. Uber China has been discussing a valuation of about $7 billion to $8 billion with potential backers, the people said, asking not to be identified because the discussions are confidential. Baidu Inc., the Beijing-based Internet firm that’s already an investor in Uber’s global