California power company PG&E Corp, which filed for bankruptcy last month because of potential liabilities from wildfires in the state, recorded a $10.5 billion charge related to 2018 Camp Fire, the company said in a filing on Thursday.
JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 percent jump in quarterly sales on Thursday, beating estimates on the back of robust retail sales and sending its U.S.-listed shares up 13.8 percent in pre-market trade.
The number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high, suggesting some slowing in the labor market.
The U.S. economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration’s 3 percent annual target.
Global stocks fell for a third straight day on Thursday as investor optimism about U.S.-China trade talks receded, while an early end to the U.S.-North Korean summit in Vietnam and weak Chinese economic data also weighed on sentiment.
J.C. Penney’s comparable-store sales fell at a lower pace than expected, as the department store chain sold more jewelry and apparel during the key holiday shopping season.
J.C. Penney’s comparable-store sales fell at a lower pace than expected, as the department store chain sold more jewelry and apparel during the key holiday shopping season.
U.S. stock index futures edged lower on Thursday after a U.S.-North Korea summit ended abruptly in Vietnam and ahead of a fourth-quarter report on U.S. gross domestic product.
U.S.-based 7-Eleven Inc expects to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation.
Shares of Celgene Corp dived 8 percent on Thursday after a major shareholder in Bristol-Myers Squibb Co came out against a $74 billion merger that would be the pharmaceutical world’s biggest ever takeover.
Switzerland’s Sunrise Communications is buying U.S. cable giant Liberty Global’s local assets in a $6.3 billion deal to bolster its position against Swisscom, the country’s dominant mobile and internet provider.
SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros ($11.2 million) in 2018, according to the software maker’s compensation report released on Thursday.
Facebook’s lead regulator in the European Union expects to conclude the first of seven investigations into the company’s use of personal data this summer and the remainder by the end of the year, Ireland’s Data Protection Commissioner said on Thursday.
Rolls-Royce dropped out of the race to power Boeing’s planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing.
Bristol-Myers Squibb Co expressed disappointment on Thursday with the opposition of its top shareholder to a $74 billion takeover of Celgene Corp, and said it would press on with what would be the largest pharmaceutical acquisition of all time.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
