Year: 2018

J. C. Penney Co Inc on Tuesday named Jill Soltau as its new chief executive officer, effective mid-October, ending the department store chain’s months-long search to fill the top job.

…read more […]

U.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the U.S. economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices for the foreseeable future.

…read more […]

With his political future at stake, Canadian Prime Minister Justin Trudeau will mount a charm offensive to placate dairy farmers who say he sold them out in order to win approval of a continental trade deal.

…read more […]

The Dow hit a record closing high on Tuesday, but another drop in Facebook shares weighed on both the S&P 500 and Nasdaq, driving both to finish in the red.

…read more […]

Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect.

…read more […]

Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.

…read more […]

Tesla Inc announced record quarterly car production on Tuesday but warned of major problems with selling cars in China due to new tariffs that would force it to accelerate investment in its factory in Shanghai.

…read more […]

The top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing on Monday showed.

…read more […]

Toys ‘R’ Us has canceled the bankruptcy auction of its brand name and other intellectual property assets and instead plans to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, the court papers filed by the company’s lenders on Monday showed.

…read more […]

Oil prices eased slightly on Tuesday after rallying for three straight sessions, but remained close to four-year highs on worries that global supplies will drop due to Washington’s sanctions on Iran.

…read more […]

Stocks were shaky around the globe and European assets sold off on Tuesday as anti-euro comments by an Italian lawmaker sent Italy’s bond yields to multi-year highs and optimism over an agreement to revamp a North American trade deal receded.

…read more […]

The Dow and S&P advanced on Tuesday, with the blue-chip index hitting a record, while another drop in Facebook shares weighed on the Nasdaq.

…read more […]

Amazon said on Tuesday it is raising its minimum wage in Britain to 10.50 pounds ($13.59) an hour for all employees in the London area and 9.50 pounds an hour for staff in all other parts of the country, effective from Nov. 1.

…read more […]

U.S. Democratic Senator and prominent Amazon critic Bernie Sanders praised the company’s move to increase minimum hourly wages to $15 on Tuesday and said other companies should follow its lead.

…read more […]

Ratings agency Standard & Poor’s cut General Electric Co’s credit rating on Tuesday, a day after the conglomerate announced a $23 billion charge related to its power business and ousted its chief executive officer.

…read more […]