FCA, France reach tentative agreement on Renault merger: sources

Fiat Chrysler has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday.

Hope grows for deal to ward off Trump's tariffs on Mexican imports

Hope grew on Wednesday for a deal to avoid the United States imposing tariffs on Mexican goods in return for Mexico doing more to halt illegal immigration but President Donald Trump said he was willing to go ahead with the import duties if he is not satisfied.

Possible Mexican retaliatory tariff list excludes U.S. corn -sources

Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products, excluding corn, that could be subject to retaliatory tariffs if duties threatened by the Trump administration take effect, officials said Wednesday.

U.S. Justice Department to review 1941 ASCAP, BMI consent decrees

The U.S. Justice Department said on Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, bars and restaurants.

Wall St. gains as weak private jobs data raises rate cut bets

Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and on optimism that the United States and Mexico would reach an agreement and avoid new U.S. tariffs on Mexican goods.

U.S. services sector activity strengthens, eases gloom over economy

U.S. services sector activity expanded at a brisk pace in May and industries hired more workers, offering some respite for an economy that is slowing following a temporary boost from exports and an accumulation of inventories in the first quarter.

Global stocks gain with U.S. rate-cut bets, Grassley comments; bond prices ease

Major world stock markets rose and longer-dated U.S. Treasury prices dipped on Wednesday as a U.S. senator predicted the United States will not impose tariffs on Mexican imports, while hopes of a U.S. interest rate cut also bolstered equities.

Bernie Sanders urges Walmart to boost 'starvation wages'

Democratic U.S. presidential hopeful Bernie Sanders on Wednesday told Walmart Inc shareholders and top executives that the world's largest retailer should boost the "starvation"-level wages it pays its workers and stop fueling income inequality.

Exclusive: GM CEO defends plan to sell Ohio plant to startup

General Motors Chief Executive Mary Barra on Wednesday defended the automaker's plan to sell an assembly plant in Ohio, arguing the plan to sell the plant to an electric vehicle start-up was thoroughly vetted and had a chance of success.

Meg Whitman said she was happy to throw HP predecessor 'under the bus' over Autonomy deal

Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of British software company Autonomy, London's High Court heard on Wednesday.

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