The Traderszone Network

Shares in Fiat (FIA.MI) fell more than 8.5 percent on Wednesday to their lowest level this year, with traders citing concerns that investors who voted against the Italian carmaker’s merger with Chrysler would exercise their right to sell the stock, potentially jeopardizing the tie-up. The losses wiped out all the gains the carmaker has made since announcing on Jan. 1 that it would buy out the shares in its U.S. unit Chrysler it did not yet own, cementing the creation of the world’s seventh largest auto group.

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With mortgage rates wavering within a tight range, total mortgage application volume rose 1.6 percent; however, it was all on the back of refinances.

Drugstore chain confirms it will remain headquartered in the U.S.
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Iliad and Telecom Italia are among the biggest movers in European trade Wednesday, with the overall market slumping on worries about Russia and growth in the euro zone.

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Tropical Storm Julio strengthened into a hurricane early Wednesday, chasing Hurricane Iselle toward the Hawaiian islands.

Tracking substantial losses in the U.S.

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Donald Trump has a message for the two Atlantic City casinos that bear his name, five years after he gave up running them: You’re fired.