European stocks up, oil slides as concerns ease over Russia-Turkey tension

LONDON European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors' concerns eased over the potential fallout of Turkey's shooting down of a Russian fighter jet.

Recent Business News

Deere profit falls on slowed farm equipment sales

Deere & Co , an agriculture and construction equipment maker, posted higher-than-expected quarterly earnings on Wednesday even as weak global demand for farm equipment and soft commodity prices pressured sales.

7:10am EST

Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent

NEW YORK/SAN FRANCISCO Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters.

4:42am EST

China police cracks $4.5 billion underground bank: Xinhua

BEIJING Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank) alone, the official Xinhua News Agency reported on Wednesday.

Lufthansa cabin crew union calls off this week's strike

BERLIN The main cabin crew union at Lufthansa has called off a strike planned for this week after progress was made in talks with management over retirement and pension benefits.

4:03am EST

Toyota to replace Takata airbag inflators previously deemed safe

TOKYO Toyota Motor Corp on Wednesday said it would replace Takata Corp airbag inflators in 1.6 million cars in Japan that had previously been recalled after concluding that they may still be unsafe.

3:48am EST


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