China lowered expectations for U.S. trade talks after blacklist: Chinese officials, diplomats

Surprised and upset by this week's U.S. blacklisting of Chinese companies, Beijing has lowered expectations for significant progress from this week's trade talks with the United States, Chinese government officials, diplomats, and investors told Reuters.

Wall Street advances on renewed trade deal optimism

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.

Decreasing U.S. job openings point to cooling labor market

U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.

Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.

J&J shares fall but $8 billion jury award likely to be slashed

Johnson & Johnson shares were off more than 2% on Wednesday, a day after a U.S. jury said it must pay $8 billion in punitive damages to a plaintiff in a case involving its anti-psychotic drug Risperdal, a penalty the company and others are confident will not stand.

Oil steady as military action in Syria boosts prices, crude inventories weigh

Oil prices edged up on Wednesday as Turkey launched an offensive in Syria that could disrupt crude production in the region and on hopes of progress in ending the U.S.-China trade war, but a build in U.S. crude inventories limited gains.

AT&T to sell certain assets in Puerto Rico, U.S. Virgin Islands for $1.95 billion

AT&T Inc said on Wednesday it would sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd for $1.95 billion, as the second-largest U.S. wireless carrier cuts its huge debt pile.

Halliburton cutting 650 jobs in U.S. as oilfield business slows

U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.

Southwest finds cracks on two Boeing 737 NG airplanes during inspections

Southwest Airlines Co said Wednesday it found cracks on two Boeing 737 NG airplanes and removed them from service after U.S. regulators last week ordered urgent inspections.

Exxon names BAML to run Malaysia asset sales: sources

Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.

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