Tesla Inc shares surged on Wednesday, and the company became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co and General Motors Co combined.
Abbott hits all-time high on quarterly revenue beat
Abbott Laboratories Inc's shares rose to an all-time high on Wednesday after the device maker beat Wall Street estimates for quarterly sales on higher demand for its nutrition products and generic drugs.
Laid-off Philadelphia refinery workers struggle with shrinking sector
Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.
Oil slides 2% as surplus forecast overshadows Libya disruption
Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.
Wall Street analysts buy into Netflix optimism amid Disney threat
Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.
Stocks tick up as China virus worries abate; oil drops
World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices tumbled as a market surplus forecast outweighed supply concerns.
Boeing says new MAX delay not due to new technical issues
Boeing's decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.
Incoming Abbott CEO says not looking to do any deals
Abbott Laboratories' incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company's agenda.