William Ackman stated that Pershing Square, his hedge fund, built a roughly $900M position in Starbucks, betting that the coffee chain could overcome weak sales in the home market.
Germany's BMW stated that it is set to gain control of the main China's joint venture for $4.2B, the first such move after Beijing started to relax ownership regulations for the auto market.
Micron Technology stated that it planned to invest up to $100M in startups working on artificial intelligence technologies, which would be used in self-driving vehicles, factory automation and other fields.
On Wednesday, CNBC reported that Apple Inc is planning to start delivering exclusive digital content via its video service to the owners of company's devices for free.
On Wednesday, Finnish daily newspaper Helsingin Sanomat claimed that the President of the US Donald Trump could meet Russian President Vladimir Putin next spring in Helsinki.
On Wednesday, the Finance Minister of Germany Olaf Scholz claimed that Italy needs to deal with the problem of high national debt itself without the assistance from the EU.
On Wednesday, the Financial Times reported that James Murdock, a former Chief Executive of Twenty-First Century Fox Inc and a son of Rupert Murdock, is the next possible candidate for the CEO role at Tesla Inc.
Facebook's WhatsApp messenger service stated it fixed the latest bug over the platform, which allowed hackers to take over applications of users, answering incoming video call.
The Atlanta Fed's forecast showed that the US economy is likely to expand at a 4.2% annualised pace in the Q3, following the latest data release on wholesale trade and producer prices.
IKEA Group was looking to sign strategic partnership agreements with Russia's companies to strengthen its local online business, the retailer's Russia country manager Pontus Erntell stated.
The Philippines anticipated the economic expansion to recover to 7-8% target in 2019 despite global uncertainties, pushing ahead with plans related to infrastructure spending, the budget secretary stated.
The South Korean firm Lotte Corp is planning to acquire a stake in its chemicals affiliate Lotte Chemical in a deal valued at $1.93B to improve its efficiency and governance.
On Wednesday, shares of Sears Holdings plunged as much as 30% in early trading, after the report about hiring advisers, as the company is preparing to file for a bankruptcy ahead of a deadline on debt payment.
TransDigm Group, the aircraft parts supplier, agreed to acquire its smaller competitor Easterline Technologies in a deal valued at $3.6B, as it is trying to outrace Airbus and Boeing in the after-sales plane servicing.
General Motors has appointed the former official of the Central Intelligence Agency and Kissinger Associates current CEO Jani Miscik to the company's board, the US carmaker stated on Wednesday.
Indonesia's GMF AeroAsia agreed to the deals with China Communications Construction and Air France KLM's aircraft maintenance unit worth a combined $900M, its CEO reported on Wednesday.
The US Justice Department is likely to grant its approval to the drug retailer CVS Health's takeover of the health insurer Aetna as soon as this Wednesday.
Ukraine's Allseeds is planning to launch an initial public offering overseas in the following four years, the company's CEO Viacheslav Petryshche stated in an interview on Wednesday.
Canada's petroleum product marketer Parkland Fuel has agreed to take a 75% stake in the privately-owned fuel marketer SOL Investments and its subsidiaries in a deal worth $1.21B.
Nvidia Corp, the graphics chipmaker, is seeking to woo business analysts and surpass its rival Intel Corp in the computing market by launching a new software tools on Wednesday.
On Wednesday, Snap has unveiled new scripted shows for Snapchat, the company's photo messaging app, set for a launch this fall, as the company seeks to boost the slowdown in its users.
The CEO of Germany's Deutsche Telekom Tim Hoettges stated that his company was set to launch the commercial 5G operations in the country in 2020, seeking to keep up the network investments pace.
On Wednesday, the graphics chipmaker Nvidia stated it would supply its artificial intelligence computer for the next-generation vehicles of the Swedish carmaker Volvo to deliver the autonomous features.
The UK's monthly GDP data released on Wednesday showed that the economic growth has stagnated during the last month.