(Reuters) - U.S. stocks moved lower in morning trading on Wednesday after U.S. Federal Reserve Chair Janet Yellen said equity valuations are "generally quite high," and warned of potential dangers.
Amazon, Apple, Facebook and Google will face more unwelcome scrutiny from Brussels after the European Commission announced a wide-ranging investigation of the role they play online and whether competition rules should be tightened in response.
US private sector employment rose by approximately 169,000 jobs in April when compared to March, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody's Analytics.
Would Microsoft really want to own Salesforce.com? Buying the cloud-based, customer-service software maker could make businesses less likely to ditch Office.
Alexion Pharmaceuticals Inc. ALXN -9.56 % agreed to buy Synageva BioPharma Corp. GEVA 114.02 % in a cash-and-stock deal valued at $8.4 billion, paying more than double the market cap for the maker of rare-disease treatments.