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S&P hovers at five-month highs, Amazon hits $900 billion market cap

The benchmark S&P 500 remained at five-month highs on Wednesday as a rise in financial and industrial stocks due to strong earnings from marquee companies were offset by a drop in technology stocks.

Recent Business News

British M&A regulator to review level of possible Disney offer for Sky

LONDON Britain's takeover regulator said on Wednesday that it would review its ruling that Walt Disney might have to acquire UK broadcaster Sky for at least 14 pounds a share.

11:34am EDT

Morgan Stanley boss Gorman hits out at Fed stress tests

Morgan Stanley's top executive criticized the Federal Reserve's annual health checks of the biggest U.S. lenders and predicted changes to the tests going forward after his bank reported better-than-expected quarterly earnings on Wednesday. | Video

11:51am EDT

Boeing in talks with Airbus, others for German helicopter bid

LONDON Boeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro ($4.7 billion) heavy-lift helicopter contract in Germany, the head of business development for Boeing's defence unit said on Wednesday.

Fed's Powell quizzed again on trade risks by U.S. House

WASHINGTON Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that appears largely on track to continue.

12:18pm EDT

Berkshire shares climb after Buffett is empowered to buy back more stock

Berkshire Hathaway Inc shares rose on Wednesday after its board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks, which the conglomerate has not done since 2012.

12:46pm EDT

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