Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks

Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.

U.S. lawmakers introduce bipartisan bills targeting China's Huawei and ZTE

A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.

U.S. investigating Huawei for alleged trade secret theft: WSJ

Federal prosecutors are investigating Huawei Technologies, the world's largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday.

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

Oil gains with Wall Street, but rising U.S. fuel stocks weigh

Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production.

Snap shares hit by second CFO exit in a year

Shares of Snap Inc fell 9 percent in early trading on Wednesday after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign.

IAC sues Tinder co-founder, escalating fight over valuation

Online dating company Match Group Inc and its parent company IAC/InterActiveCorp have filed a lawsuit against Sean Rad, a co-founder of Match Group's popular dating service Tinder, of secretly copying company files and other proprietary information.

Yelp investor SQN says shares could surge to $55-$65

SQN Investors LP said on Wednesday Yelp Inc's shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself.

Strong bank earnings send Wall Street to four-week highs

Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

Goldman dealmakers shine in Solomon's maiden quarter

Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw.

Related Videos

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS