Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.
Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website, and the retailer raised its earnings outlook for the year.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
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Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war. The share sale, set to be Hong Kong’s largest in more than nine years, comes as Beijing seeks support from businesses and entrepreneurs in the face of anti-government protests there. “Beijing has long wanted China’s tech champions to list closer to home,” Mark Natkin, managing director at Beijing-based Marbridge Consulting, said of Alibaba’s plans. …read more […]
Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday. In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup’s platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford’s website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said. …read more […]
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
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Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.
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