Here's Myles Udland with a look ahead at what will be making headlines on Wednesday.Read More »
Japan's embattled Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction. It has partnered with South Korea's SK Hynix Inc and brought in U.S. buyers of Toshiba chips such as Apple Inc and Dell Inc to bolster its bid.
Walmart won't be doing large-scale holiday hiring at its stores this year. Instead, like last year, it will offer extra hours to its current workers. The nation's largest private employer says, however, that it will be taking on more temporary workers at its distribution centers.
Amid devastating hurricanes, North Korean missile launches and political upheaval in Washington, equities in the U.S. simply keep jitterbugging their way toward fresh peaks. For 8½ years now, every dip has been followed by a push past the previous high. Yet at some point, even as investors continue reaping the benefits of a market climb that's been fattening wallets and retirement accounts along the way, the party will come to an end. And if you haven't yet given thought to how a long-lasting stock slump could impact your nest egg, now's the time. "The obvious is that the market will correct," said Greg Hammer, president of Hammer Financial Group in Schererville, Indiana. "It's just a matter