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Wall Street higher on tech gains; Fed decision awaited

U.S. stocks inched higher on Wednesday powered by technology stocks but shares of big banks lost steam ahead of a widely-expected interest rate hike in the afternoon.

Recent Business News

Airbus leadership under fire as crisis deepens

TOULOUSE/PARIS Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said.

7:45am EST

Sports Direct shareholders veto payment to brother of founder Mike Ashley

LONDON Independent shareholders in Sports Direct on Wednesday voted against making a retrospective payment of 11 million pounds ($15 million) to the brother of founder and majority shareholder Mike Ashley for his work as an IT expert.

8:43am EST

Novartis generics arm says may sell or end some products

ZURICH Swiss drugmaker Novartis's Sandoz generics business is in the process of selling or closing some products in the United States, it said on Wednesday.

9:43am EST

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.

10:02am EST

Want cheaper British car insurance? Mind how you shop

LONDON Ever wondered what your shopping habits say about your driving? Britain's big supermarkets have.

9:06am EST

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