Goldman Sachs, once one of the most active banks in commodities trading, has cut 10 roles to further downsize its global commodities trading division amid rising costs and shrinking profits.
SQN Investors LP dropped its threat of challenging Yelp Inc’s board of directors on Thursday, after the company unveiled steps to improve returns that echoed plans the hedge fund had proposed, according to a letter SQN sent to Yelp.
Futures pared earlier losses on Thursday to trade slightly higher after the European Central Bank pushed out the timing of its first post-crisis rate hike to next year and offered banks new rounds of multi-year cash.
The European Commission has accepted commitments offered by top Hollywood film studios and Sky UK on their pay-TV services that will allow European Union consumers outside Britain and Ireland to access films via satellite or online.
Kroger Co projected annual earnings below Wall Street forecasts on Thursday, as the supermarket chain spends heavily on new in-store technology and delivery services to better compete with Walmart and Amazon.
The European Central Bank pushed out the timing of its first post-crisis rate hike to next year at the earliest on Thursday and offered banks new rounds of multi-year cash.
The following are key quotes from ECB policymakers in the weeks preceding the March 7 policy meeting.
Kroger Co’s quarterly profit fell as the supermarket chain spends heavily new technology and delivery services to better compete with Walmart and Amazon.
U.S. stock futures ticked lower on Thursday after three days of declines, as investors sought fresh reasons to buy following a strong run in stocks this year.
Japan’s Softbank Group Corp said on Thursday it had launched a new $5 billion innovation fund to invest in technology companies in Latin America.
Rent the Runway will partner with Williams-Sonoma Inc’s West Elm brand to allow subscribers to rent home decor, the clothing rental company said on Thursday.
Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts’ expectations, but played down concerns over global trade, saying more complex supply chains could in the near term benefit its business.
METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he spends most days in his favorite cafe in the southern town of Metlaoui.
World stocks were stuck in their worst run of the year and bonds were on the rise on Thursday, as investors waited for confirmation that the European Central Bank will start shoveling cheap cash at the euro zone again.
Deutsche Post DHL Group said it expected slower profit growth this year than analysts predicted but did not see a major impact on global trade from geopolitical tensions.
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