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 •  Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations
The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
 
 •  Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources
Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.
 
 •  Japan's Nissan to double global job cuts to over 10,000: source
Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.
 
 •  White House's Kudlow hopeful on U.S.-China trade talks, agriculture buys
White House economic adviser Larry Kudlow on Tuesday called it a good sign that top U.S. officials would be traveling to China to discuss reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.
 
 •  Big Tech faces broad U.S. Justice Department antitrust probe
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
 
 •  Trump administration split on renewing Chevron's Venezuela license
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.
 
 •  Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions
A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.
 
 •  Oil prices gain on U.S. inventory drop, Middle East tensions
Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week.
 
 •  WeWork looking to go public as early as September: source
Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.
 
 •  Asia stocks cautious on trade talks; euro under pressure
Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.
 
 •  Texas Instruments quarterly beat soothes demand jitters, shares up 6%
Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.
 
 •  China's credit push to small firms falters in factory heartland
China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.
 
 •  UPS launches drone business, seeks to certify multiple pilots
United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.
 
 •  UPS adding Sunday delivery next year, joining rival FedEx
United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc .
 
 •  Snap's Android fix, gender-changing lens boost users, shares up 9%
Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.
 
 •  Chipotle's online shift fuels highest sales growth in two years
Chipotle Mexican Grill Inc's aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.
 
 •  Oil rises near $64/bbl on second downed Iranian drone
Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.
 
 •  Earnings and trade optimism push Wall St. toward record high
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.
 
 •  Coca-Cola's coffee and zero sugar soda mix lifts 2019 goals, shares
Coca-Cola Co beat second-quarter earnings expectations and raised its organic revenue forecast for the full year thanks to higher sales of its zero-sugar sodas, soft drinks with new flavors and ready-to-drink coffees.
 
 •  Stocks rise on trade hopes, sterling slips on Brexit jitters
U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain's Conservative Party, clearing the way for him to become prime minister.
 
Updated: 74 minutes ago
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