Oil, AkzoNobel and Uber -- This Is What You Need to Know on Wednesday

Wall Street looks set to continue the current rally as investors head into the final full trading day before Thanksgiving

Author:: Edward Hardy
Publish date:: Nov 22, 2017 4:49 AM EST

This is what you need to know:

1. European stocks open high Wednesday, following another record-setting session on Wall Street that looks set to continue into the final full trading day of the week as investors extend the current rally into the Thanksgiving break.

2. Global oil markets were also active as traders priced in the impact of a major reduction in volume from TransCanada Corp's 590,000 barrel a day Keystone pipeline following a leak in its northwestern United States route and data from the American Petroleum Institute that showed domestic U.S. crude stocks fell by 6.4 million barrels last week.

3. Shares of the Walt Disney Co. (DIS) - Get Report dropped less than 1% in after-hours trading Tuesday after Pixar co-founder John Lasseter said he would take "a six-month sabbatical" after unspecified "missteps" that made some staffers feel "disrespected or uncomfortable," the New York Times reported.

4. AkzoNobel NV (AKZOY) has called off its planned merger with Axalta Coating Systems Ltd (AXTA) - Get Report amid reports that Japan's Nippon Paint Holdings (NPCPF) has swooped in with an all-cash bid for the Warren Buffett-backed group.

5. Ride-hailing company Uber paid $100,000 to hackers who stole personal details of 50 million customers and 7 million drivers to delete the data and keep quiet about the hack, according to published reports.

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