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Wall St. higher as banks, consumer stocks rise

Wall Street was higher in late morning trading on Wednesday as financial and consumer stocks led a broad rally among the major sectors.

Recent Business News

Japan, EU press ahead on free trade pact to counter U.S. protectionism

TOKYO Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.

3:01am EDT

Meat processor cuts deal with ABC in 'pink slime' defamation case

Beef Products Inc has settled its defamation and libel lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday.

10:45am EDT

BMW to streamline car equipment levels to pay for R&D

MUNICH BMW will streamline its manufacturing process, offering fewer variants of engines and equipment, to offset high research and development (R&D) spending through 2019, the German carmaker's finance chief Nicolas Peter said on Wednesday.

10:28am EDT

AIG shareholders approve $9.58 million for ex-CEO's 2016 compensation

American International Group Inc shareholders on Wednesday approved the company's 2016 compensation for executives, including the insurance giant's former chief executive, Peter Hancock.

11:32am EDT

Monsanto profit tops expectations as soybean sales surge

U.S. seeds and agrochemicals company Monsanto Co , which is in the process of being bought by Germany's Bayer AG , reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales.

11:30am EDT

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