Bloomberg Two of the three China-based bidders for the Chicago Stock Exchange have withdrawn from the group trying to acquire the market, according to a person familiar with the matter. Chongqing Jintian Industrial Co. and Chongqing Longshang Decoration Co. are pulling out of the deal, according to the person, who asked not to be identified discussing private negotiations. That leaves ...

Bloomberg Artificial intelligence could add 630 billion pounds ($837 billion) to the UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalised services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. But to see that gain, the UK needs ...

Bloomberg General Motors Co. and its union in Canada reached an agreement to resolve an almost monthlong strike, a crucial step towards the largest US automaker resuming production of one if its top models. The carmaker and the Unifor union announced the tentative accord in statements that didn’t give details or say when workers will vote on ratification. Employees at ...

Bloomberg Right as UK Prime Minister Theresa May filed for divorce from the European Union, her Brexit department hired elite management consultancy, McKinsey & Co., to the tune of 1.9 million pounds ($2.5 million) to help get the job done. While the contract was only formally announced in an email, an accompanying excel sheet shows that the consultancy giant was ...

Bloomberg Wells Fargo & Co. is edging closer to a settlement with regulators over the crisis-era mortgage bonds investigation that took a $1 billion chunk out of third-quarter profit, according to Chief Financial Officer John Shrewsberry. “We are now having a negotiation, so it’s a matter of probably months or quarters, not anything more than that,” Shrewsberry said in a ...

Bloomberg The remnants of Ophelia, the most eastern major Atlantic storm on record, are set to batter Ireland with “extreme” conditions on Monday, leading the government to warn of potential flooding in the south and urging schools to stay closed. Ophelia weakened to a category 1 hurricane and is expected to turn into a strong post-tropical cyclone by Sunday night, ...

Bloomberg The social network has announced a new feature that will let users buy meals on its website through third-party delivery services like DoorDash or directly from a group of restaurants such as Chipotle Mexican Grill Inc. and Five Guys. Facebook has been working on the new product for a year, and carried out tests with restaurants including Papa John’s. ...

Bloomberg Tesla Inc. has fired an undetermined number of employees following a series of performance evaluations after the company significantly boosted its workforce with the purchase of solar panel maker SolarCity Corp. The departures are part of an annual review, the Palo Alto, California-based company said in an email, without providing a number of people affected. The maker of the ...

Bloomberg South Korean military officials are readying for another possible missile launch by Pyongyang as they prepare for a joint military drill with the US on the disputed peninsula this week. Multiple South Korean media reports citing unidentified military officials on Saturday and Sunday said North Korean missile vehicles “kept appearing and disappearing” from the map and “transporter erector launchers” ...

Bloomberg Lawmakers in the UK House of Commons are holding cross-party talks in a bid to stop Prime Minister Theresa May from leaving the European Union without a trade deal, the main opposition Labour Party’s finance spokesman said. “It’s not going to happen,” John McDonnell told BBC Television’s “Andrew Marr Show” on Sunday. “I don’t think there’s a majority in ...