Cambridge Analytica and parent SCL Elections shutting down

(Reuters) - Cambridge Analytica, the data firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent firm SCL Elections Ltd are shutting down immediately, the company said on Wednesday.

Wall Street drops amid trade worries, Fed decision

NEW YORK (Reuters) - U.S. stocks dropped on Wednesday as investors remained concerned about worsening trade relations between the United States and China and digested the Federal Reserve's decision to leave interest rates unchanged.

Cambridge Analytica shouldn't escape scrutiny through closure: UK lawmaker

LONDON (Reuters) - Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook data, should not escape scrutiny through its decision to shut down, the chairman of a committee of British lawmakers said.

At Milken, Wall Street touts itself as force for good

BEVERLY HILLS, Calif. (Reuters) - The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place.

App redesign haunts Snap as investors flee

(Reuters) - Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat.

CSeries bosses named as Airbus-Bombardier deal takes shape: memos

MONTREAL/PARIS (Reuters) - Bombardier Inc and Airbus SE named new leaders for the CSeries jetliner program on Wednesday, in a further step towards finalizing a deal for the European planemaker to take control of the Canadian project, according to memos seen by Reuters.

U.S. stocks edge up, dollar falls after Fed statement

NEW YORK (Reuters) - U.S. stocks edged higher while the dollar and Treasury yields fell on Wednesday after the Federal Reserve held interest rates steady and said inflation had "moved close" to its target.

Fed leaves interest rates unchanged, says inflation near target

WASHINGTON (Reuters) - The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central bank's target would be sustained, leaving it on track to raise borrowing costs in June.

Exclusive: UPS weighs strategy to deliver bulky goods to boost growth

(Reuters) - United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world's largest package deliverer looks to cash in on one the fastest growing segments of online retail.

Exclusive: Apollo Global approaches Xerox about possible acquisition - sources

(Reuters) - Buyout firm Apollo Global Management LLC has approached Xerox Corp to express interest in a possible acquisition, casting new uncertainty over the U.S. printer company's $6.1 billion sale to Japan's Fujifilm Holdings , people familiar with the matter said on Wednesday.

FireEye reports smaller loss as shift to subscription model pays off

May 2 (Reuters) - FireEye Inc reported a smaller quarterly loss on Wednesday as the cybersecurity firm gained from an ongoing transition to a subscription-based model.

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