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Wall Street opens higher as oil prices rise

U.S. stocks opened slightly higher on Wednesday as a rise in oil prices helped energy shares and ahead of Federal Reserve Chair Janet Yellen's testimony before a Congressional committee.

Recent Business News

Fed's Kashkari, echoing Yellen, says U.S. economy has room to run

The Federal Reserve can keep interest rates low for longer because even with jobs being created at a "pretty healthy clip" low rates are not creating inflationary pressures, a top Fed official said on Wednesday.

9:11am EDT

China's COSCO Shipping may consider buying Hanjin Shipping's port assets: Caixin

BEIJING China's COSCO Shipping Co Ltd may consider buying the port assets of troubled South Korean firm Hanjin Shipping Co Ltd, Chinese online finance magazine Caixin reported on Wednesday.

8:00am EDT

SABMiller investors cheer $100 billion-plus AB InBev takeover

LONDON/BRUSSELS SABMiller shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history.

9:21am EDT

EU regulators to investigate Deutsche Boerse, LSE mega deal

BRUSSELS EU antitrust regulators opened an investigation into Deutsche Boerse's proposed $28 billion merger with the London Stock Exchange on Wednesday, saying that the deal would reduce competition in key financial market activities.

9:25am EDT

Takata in talks with DoJ to resolve criminal allegations: WSJ

Japan's Takata Corp is in talks with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags, the Wall Street Journal reported on Wednesday.

6:55am EDT


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