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Tech, industrials lift Wall St.; financials recover

Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector.

Recent Business News

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

Politics, Election 2016 12:01pm EST

Goldman investors rattled by latest plunge in bond trading

Goldman Sachs Group Inc on Wednesday reported a sharp drop in trading revenue that renewed questions about its ability to revive a moribund profit driver or find business to replace it, sending shares down 3 percent. | Video

12:20pm EST

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

LONDON The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.

11:57am EST

In race for top spot, VW says vehicle sales up 4.3 percent in 2017

FRANKFURT Volkswagen (VW) reported a 4.3 percent rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota in the race to keep the title of world's biggest carmaker although Renault-Nissan has forecast it would go top.

1:02pm EST

SandRidge to meet with investor Icahn to quell rising tensions

HOUSTON SandRidge Energy Inc plans to meet with activist investor Carl Icahn on Wednesday over his demands for a board shake-up and other governance changes, part of a bid by the U.S. shale oil producer to quell tensions with its largest shareholder and most outspoken critic.

10:48am EST


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