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Wall St. opens little changed; Fed takes center stage

Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year.

Recent Business News

Clariant short-sellers squeezed as activist Corvex doubles-down

LONDON Hedge funds have trimmed bets on a fall in shares of Clariant , just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman .

9:27am EDT

T-Mobile U.S. explores takeover of Sprint: source

U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

Deals, Japan 6:15am EDT

Walmart, Target join call for 'Dreamer' legislation

Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.

UPS expects to hire about 95,000 workers for holiday season

Package delivery company United Parcel Service Inc said it expected to hire about 95,000 seasonal employees for its crucial peak holiday season for the fourth straight year.

9:21am EDT

Wells Fargo's lone outsider aims to clean up bank's reputation

NEW YORK Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

1:24am EDT


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