T-Mobile US Chief Executive John Legere on Thursday acknowledged talks with Sprint Corp to extend their merger agreement and declined to rule out asking for the $26 billion price to be lowered.
Shares of Party City Holdco Inc plummeted 62% to a record low on Thursday after the party supplies retailer cut its annual revenue and profit forecasts for a second time, as fewer shoppers bought Halloween supplies at its stores this season.
The retailer, which sells decorated party goods such as balloons and costumes in the United States, said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. “We are carefully analyzing our Halloween results and addressing the underlying issues and opportunities we have identified to improve the business going forward,” Chief Executive Officer James Harrison said in a statement. Halloween, which fell on Oct. 31 this year, is one of the busiest holidays for party supplies retailers, when customers shop for everything from decorations to costumes. …read more […]
Wells Fargo & Co , which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs.
Daley, who was named vice chairman of public affairs, will report directly to Scharf and joins the fourth-largest U.S bank from Bank of New York Mellon, where Scharf was chief executive officer prior to his latest assignment. …read more […]
The multi-channel commerce platform appears to be at the early stages of the e-commerce industry Continue reading… …read more […]
The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil’s mines and energy minister said on Thursday, after a round that was widely seen as disappointing.
Ralph Lauren, like other high-end fashion companies from New York, Paris and Milan, has been expanding in China, where a weakening yuan currency has pushed more wealthy domestic consumers to splurge at home rather than while travelling abroad. Chief Financial Officer Jane Nielsen said on a post-earnings call that revenue from Asia, which rose 4%, was driven by the company’s online business expansion, store openings and marketing initiatives featuring local celebrities. A marketing strategy focused on Instagram and new pop-culture-based apparel, including a collection celebrating the 25th anniversary of the hit TV show “Friends”, have also helped Ralph …read more […]
Unfortunately for some shareholders, the Insperity (NYSE:NSP) share price has dived 31% in the last thirty days. That… …read more […]
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .
Regulatory interest in iPhone maker Apple’s mobile payment service was triggered by multiple expressions of concern, Europe’s antitrust chief said on Thursday.
Lufthansa announced plans on Thursday for more cost cuts and delivered better-than-expected results, sending shares higher even as a cabin crew strike posed a further challenge to the German airline’s efforts to revive profits.
Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company’s funding and increase its reliance on its lower-growth telecom business.
The currency had shed about 2.2% on Wednesday after Brazil’s biggest-ever oil auction frustrated investors’ expectations as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors. The country held a second disappointing oil auction on Thursday, with major global oil firms passing again. The only block awarded in Thursday’s auction went to Petrobras, and Chinese state firm CNODC, which offered the minimum bid. …read more […]
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]
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