Wall Street opens higher on strong private sector jobs data

- U.S. stocks were higher in early trading on Wednesday after data showed that the country's private sector added more jobs than expected in May and the European Central Bank left interest rates unchanged at record lows.

Recent Business News

Peltz's Trian to cut stake in hamburger chain Wendy's

- Nelson Peltz's Trian Group said it planned to reduce its stake in hamburger chain Wendy's Co to 17.0-19.7 percent in the "next few months" from 24.8 percent.

8:56am EDT

ISS recommends Google shareholders withhold vote for three directors

- Proxy adviser Institutional Shareholder Services (ISS) has recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to the executive chairman and chief business officer were "problematic".

9:35am EDT

Deutsche Bank partners with Microsoft, HCL, IBM in tech lab launch

FRANKFURT - Deutsche Bank will launch three innovation labs this year, partnering with big development firms to speed creation of financial technology for its own uses and will spend up to 1 billion euros ($1.11 billion) on digital development in the next 5 years.

4:36am EDT

Investors piling into volatility funds bet on more anxiety ahead

NEW YORK - The U.S. stock market has been strangely calm this year, much to the chagrin of investors who have been betting billions on volatility.

1:55am EDT

U.S. private sector adds 201,000 jobs in May: ADP

NEW YORK - U.S. private employers added 201,000 jobs in May, compared with a downwardly revised 165,000 jobs in April which were the fewest since January 2014, a report by a payrolls processor showed on Wednesday.

8:30am EDT


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