Sears Holdings, a struggling US retailer, has laid off around 220 of its employees at Hoffman Estates headquarters, following the company's restructuring plan as it seeks to regain profitability.
Microsoft beat Wall Street's profit estimates, as the company's cloud computing business expanded, but took a one-time charge of $13.8B due to the new US tax law.
Tencent Holdings was leading an agreement to invest $1.6M in China's menswear company Heilan Home, raising a retail rivalry with Alibaba.
Facebook suggested reassurances to investors that the company's ad business is set to remain profitable, despite a decrease in usage.
Japan's company Fujifilm is expected to take over Xerox in a $6.1B worth deal, combining the company into a joint venture to cut costs and gain scale.
PayPal's shares dropped nearly 12% in after-hours trading, after the company's former partner EBay announced that it starts processing payments through Adyen, Dutch payments firm.
China's personal computer producer Lenovo announced a loss in the Q3, affected mainly by a $400M one-off charge resulting from the US tax reform.
Markit reported that its PMI for the Chinese manufacturing sector came in at 51.5 in January, unchanged from the previous month and in line with forecasts.
Markit reported on Friday that its PMI for the Chinese manufacturing sector came in at 51.5 in January, unchanged from the previous month and in line with forecasts.
The ABR reported that new building approvals fell 20.0% in December, after climbing 12.6% in the preceding month, whereas analysts anticipated a drop of 7.9%.
The Russian President Vladimir Putin said on Wednesday that the country's economy expanded by 1.4% in 2017, while the preliminary estimate by the Ministry of Economy was 1.4%-1.8%.
Shares of the US-based Boeing Co surged by almost 5% on Wednesday after the company revised its profit forecast from $13.80 to $14.00 per share in 2018.
The Indian government is set to disclose its budget for 2018/2019 on Thursday, thus setting either limited fiscal deficit or increased spending as its economic priority.
The US Federal Reserve kept interest rates steady on Wednesday; inflation is expected to stabilise near the 2% target this year, thus pointing to a possible rate hike in March.
Growth of car sales in the European Union is anticipated to weaken to 1% over the course of 2018, as Brexit and stricter regulations on car emissions would threaten the industry.
Boeing was still in negotiations with Embraer over the deal, where products of Brazilian planemaker could provide a boost to the long-term strategy of Boeing.
Online employment firm Job.com announced plans to raise up to $50M in a token sale to fund the company's new platform based on blockchain.
China's Premier Li Keqiang stated that the country's relations with Britain are likely to remain unchanged over the course of Brexit.
According to the data released by the US National Association of Realtors, pending home sales ticked up 0.5% in December, in line with expectations.
The MNI Chicago Business Barometer dipped 2.1 points to 65.7 over the course of January, topping analysts' expectations for a 64.2-point reading.
According to the data released by Statistics Canada, the country's real gross domestic product rose 0.4% over the course of November 2017, with growth being reported in 17 out of 20 industrial sectors.
ADP reported on Wednesday that the US private sector employment was up by 234K in January, topping economists' expectations for a 185K increase.
According to TechCrunch, Spotify is testing its new app "Stations by Spotify" as the music streaming service seeks to rival Pandora Media's streaming platforms.
Marks & Spencer is set to close 14 more UK stores as it is speeding up a programme to transform the store estate as the majority of its sales are moving online.