U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.
UBS slams French verdict in tax evasion trial
UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion.
CVS Health's forecast points to more pain at long-term care business
CVS Health Corp blamed weakness in its long-term healthcare business for a shortfall in its full-year profit forecast, indicating more troubles at the unit it bought about four years ago.
Oil falls after record U.S. shale output forecast
Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.
Southwest cuts growth forecast on government shutdown pain
Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit to first-quarter sales from the longest partial U.S. government shutdown.
French court fines UBS 4.5 billion euros in tax fraud case
A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties.
UBS to appeal against French court ruling
Swiss bank UBS will appeal against a French court's ruling that found it guilty of laundering the proceeds of tax evasion, said UBS' general counsel.
UBS ordered by court to pay French state 800 million euros in damages
A French court on Wednesday ordered UBS to pay the French state 800 million euros ($907 million) in damages, after finding UBS guilty of laundering the proceeds of tax fraud.
Saudi Aramco to decide in first half on financing SABIC buy: CEO
Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC).
Former Barclays chairman 'not aware' of Qatar fee document, court told
Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.