Macy’s Inc on Wednesday reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter, boosted by strong performance across its businesses.
Sales continue to grow, but keeping up to date with this fuel-cell leader requires more than checking in with one metric. …read more […]
Brazil’s antitrust watchdog Cade is considering opening an investigation into Google over alleged abuses in its cell phone operating system, the president of the agency said in an interview published on Wednesday in newspaper Valor Economico.
U.S. stock index futures dropped on Wednesday, with investors weighing the impact of Turkey’s currency crisis as well as the escalating tariff tensions between the United States and its trading partners.
U.S. private equity firm Blackstone Group LP has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. via convertible bonds, HEC said Wednesday.
Constellation Brands Inc said on Wednesday it would invest $4 billion (C$5.24 billion) more in Canopy Growth Corp , raising its stake in the Canadian marijuana producer to 38 percent.
The Home Shopping Network is getting an image makeover.
Turkish trade minister Ruhsar Pekcan says the doubling of customs tarrifs on some imported U.S. products would amount to $533 million, the state run Anadolu news agency reported.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday.
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German passenger rights company Flightright is taking Ryanair to court over whether it should pay financial compensation to passengers affected by strikes at Europe’s largest low-cost carrier.
Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank’s liquidity moves had the effect of supporting the currency.
Turkish President Tayyip Erdogan’s spokesman said on Wednesday he expected problems with the United States, which helped drive the lira to record lows, to be resolved but Washington must stop trying to influence Turkey’s judiciary.
Action from Turkey’s central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar stuck at 13-month highs kept up the pressure on world markets.
Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private.
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