Shares of yoga-pants specialists Lululemon Athletica Inc surged 20 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter.
Apparel maker PVH Corp said on Thursday it would exit the high-end collection of Calvin Klein and shut the label’s flagship store in New York’s Madison Avenue.
U.S. stocks opened higher on Thursday, helped by gains in technology and consumer discretionary companies, while investors awaited more details on the progress in U.S.-China trade talks.
Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday.
A second former Barclays banker has been convicted by a London jury of conspiring to manipulate global Euribor interest rates, bringing to nine the number of people found guilty in six rate-rigging trials.
Sweden’s financial markets minister on Thursday expressed outrage over how Swedbank had handled money laundering allegations against it, saying separately it could put confidence in the financial system at risk.
Wall Street’s main indexes were set for a subdued opening on Thursday, as investors awaited more details on the progress in U.S.-China trade negotiations amid lingering fears of slowing economic growth.
– The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent annual target, and corporate profits failed to rise for the first time in more than two years.
U.S. stock index futures treaded water on Thursday, as investors awaited more details on the progress in U.S.-China trade negotiations amid lingering fears of slowing economic growth.
Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in an attempt to make the money-losing handset business profitable from next year.
A firm hired by the U.S. Treasury Department is auditing Russian aluminum giant Rusal to check whether it is complying with the terms of a deal under which Washington agreed to lift sanctions on the company, Rusal said.
Swedbank believes it has been honest with authorities looking into allegations that accounts at the bank may have been used for money laundering, its chairman said on Thursday.
Shares in Bayer hit an almost 7-year low on Thursday after a U.S. jury awarded $80 million to a man claiming use of the group’s weed killer Roundup caused his cancer, with thousands of similar lawsuits looming.
Britain’s markets watchdog said on Thursday it had fined Goldman Sachs International a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.
A brawl between World Wrestling Entertainment Inc’s bears and bulls could reach a peak this year as the company renegotiates overseas contracts.
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