Starbucks Corp said on Wednesday it expects 2020 profit growth to be lower than the current 10% rate, two months after the coffeehouse chain raised its 2019 profit forecast.
Apparel retailer American Eagle Outfitters Inc forecast third-quarter profit below estimates on Wednesday after reporting disappointing quarterly same-store sales due to weak performance in certain seasonal clothing lines.
Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses due to fears about a weakening global economy.
WeWork owner, The We Company, said on Wednesday it will add a woman, Frances Frei, to its board of directors and unwound a $5.9 million (4.8 million) payment to its chief executive for use of the trademarked word “We” ahead of a planned initial public offering.
Emirates President Tim Clark said engine makers Rolls-Royce and GE must improve their reliability, saying the airline would not take new Airbus and Boeing planes unless they were truly ready.
U.S. stock index futures rose on Wednesday after encouraging data from China allayed concerns of slowing global growth in the backdrop of an ongoing trade dispute between the United States and China.
WeWork owner The We Company said on Wednesday it will add a woman to its board of directors and unwound a $5.9 million payment to its chief executive for use of the trademarked word “We” ahead of a planned initial public offering.
Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses on lingering fears about a weakening global economy.
Hong Kong’s Cathay Pacific Airways shook up its top ranks further as Chairman John Slosar resigned on Wednesday, less than three weeks after mounting Chinese regulatory scrutiny led to the shock departure of its chief executive.
Marks & Spencer chairman Archie Norman has said he is unperturbed by the British retailer’s share price slide, with his focus on the long term, but relegation from the prestigious FTSE 100 index is a symbol of its decline.
Hong Kong’s Cathay Pacific Airways said on Wednesday its Chairman John Slosar has resigned, less than three weeks after mounting Chinese regulatory scrutiny led to the shock departure of its chief executive.
Emirates President Tim Clark challenged engine makers Rolls-Royce and GE to improve their reliability, saying the airline would not take new Airbus and Boeing planes unless minimum performance standards were met.
Song Min-su, a Japanese major in his final year at Hannam University, south of Seoul, has watched in dismay as a spat between South Korea and Japan over wartime forced labor has spiraled into a damaging political and economic row.
A former U.S. Justice Department official who now represents Huawei Technologies is expected in Brooklyn federal court on Wednesday to defend his right to represent the Chinese company against U.S. charges of bank fraud and sanctions violations.
Hard Rock International will bid for a casino license in a long-delayed tourist development in Athens and plans to spend more than 1 billion euros ($1.11 billion) on the project, the U.S. firm’s chairman said in a newspaper interview.
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