Executives are also closing in on previously announced plans to cut roughly 10 percent of staff that will likely extend into next year as the bank accelerates cost cuts, Dow Jones reported Wednesday. Following its first-quarter earnings report, the bank had announced plans to significantly reduce its workforce through the …

Andrew Harrer | Bloomberg | Getty Images The Uber application on a smartphone during an Uber ride in Washington, D.C. Uber has teamed up with French insurer AXA to provide insurance protection for its drivers across Europe. The partnership expands on a scheme the two companies announced last year, offering …

Alkis Konstantinidis | Reuters Turkish President Tayyip Erdogan greets his supporters as he leaves a polling station in Istanbul, Turkey April 16, 2017. The Turkish lira tumbled more than 5 percent on Wednesday before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the …

Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy …

John Thys | AFP | Getty Images Facebook CEO Mark Zuckerberg arrives at the European Parliament on May 22, 2018. Facebook Chief Executive Mark Zuckerberg’s meeting with European lawmakers in Brussels on Tuesday has been criticized by political representatives for being too short and providing “no answers.” Zuckerberg’s appearance in …

Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. The deluge of recent negative media coverage on Tesla is missing the real story, according to one Wall Street firm. Baird reiterated its outperform rating for Tesla shares, predicting the electric car maker will …

Brent Lewin | Bloomberg | Getty Images Buildings stand illuminated at dusk in the Zhujiang New Town district of Guangzhou, China. The U.S. State Department issued a health alert after a government employee stationed in China was diagnosed with a mild traumatic brain injury, evoking memories of the series of …

Source: Hewlett Packard Enterprise New server racks in the Hewlett Packard Enterprise Executive Briefing Center feature the new branding. Hewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by higher demand for its servers, storage and networking equipment. The company, created in …

The list calls on Iran to accept tighter restrictions on its nuclear program than those Tehran accepted after years of negotiations leading up to the 2015 accord. It also requires Iran to halt its ballistic missile program and release U.S. citizens imprisoned in the country. Half of the demands require …

Rustam Azmi | Getty Images The Petronas Twin Towers in Kuala Lumpur, Malaysia. Malaysia’s Prime Minister Mahathir Mohamad said on Wednesday that the new government will look to cut down the country’s debt which amounts to 1 trillion ringgit, by aborting or reviewing some projects and cutting salaries of cabinet …