The Federal Bureau of Investigation wants to know who is cutting high-capacity fibre-optic Internet cables in the San Francisco Bay Area. Cables have been damaged by vandals in eleven different locations over the past year. The latest occurred early Tuesday morning, affecting Wave Broadband customers on cables operated by two firms, Level 3 and Zayo.
Stocks have moved mostly higher in early trading on Wednesday, adding to the gains posted in the previous session. The major averages have all climbed into positive territory, continuing to recover from Monday's sell-off.
A government-appointed commission has unanimously recommended construction of a third runway at London's Heathrow Airport as the best way to expand the UK's airport capacity. But the recommendation has met with fierce opposition from both inside and outside the government. British Prime Minister David Cameron will have to take the final decision on the controversial and sensitive subject.
After reporting a sharp increase in U.S. construction spending in the previous month, the Commerce Department released a report on Wednesday showing that construction spending saw further upside in the month of May.
You can now send cash via Facebook Messenger in the U.S. The free Messenger P2P Payments service will allow you to do just that, enable users to send money to each other 'in just a few taps'. The service is now available only to Facebook Messenger users across the U.S.
Indicating a modest acceleration in the pace of growth in the U.S. manufacturing sector, the Institute for Supply Management released a report on Wednesday showing that its manufacturing index rose by slightly more than expected in June.
Russia has halted gas supplies to Ukraine Wednesday, a day after trilateral talks between the EU, Ukraine and Russia on the follow-up to the Winter Package on gas supply and payment failed. The Winter Package on gas supplies to Ukraine was signed between the three sides on October 30, 2014. In March this year, the agreement was partially extended by Ukraine and Russia up to June 30. EU-brokered
Private sector employment in the U.S. increased by more than expected in the month of June, according to a report released by payroll processor ADP on Wednesday. ADP said employment in the private sector jumped by 237,000 jobs in June.
Payroll and human resource service provider Paychex, Inc. (PAYX) reported Wednesday a profit for the fourth quarter that increased ten percent from last year, helped by growth in both payroll and human resource services revenues. Earnings per share matched analysts' expectations, while quarterly revenues topped their estimates by a whisker. The company also initiated guidance for full-year 2016.
Alcoholic beverage maker Constellation Brands, Inc. on Wednesday reported a 15 percent increase in profit for the first quarter, reflecting strong sales and volume growth at its beer segment. Adjusted earnings per share for the quarter beat analysts' expectations. The company raised its earnings outlook for fiscal 2016, citing the strong performance of its beer business.
British manufacturing sector expanded at the slowest pace in more than two years in June as production and new orders logged slower growth, survey results from Markit Economics showed Wednesday.
With traders expressing optimism in reaction to the latest developments regarding Greece, stocks are likely to see early strength on Wednesday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 160 points.
Food giant General Mills, Inc. reported Wednesday a profit for the fourth quarter that more than halved from last year, stung by charges, a stronger U.S. dollar and lower operating margins. Stripping down the charges, adjusted earnings per share topped analysts' expectations, but quarterly net sales missed their estimates due to slumping demand for packaged breakfast items.
Insurers ACE Limited (ACE) and The Chubb Corp. (CB) Wednesday said the Boards of directors of both companies have unanimously approved a definitive agreement for ACE to acquire Chubb in a cash and stock deal valued at $28.3 billion.
Trading in the U.S. index futures suggests that Wall Street may open Wednesday's session higher amid reports that Greece may be willing to accept all bailout proposals. In reaction to the reports, European stocks, which were seeing some strength on bargain hunting, spiked sharply. The euro has stemmed...