Macy’s Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl’s Corp disappointed investors, signaling retailers’ continued struggle to keep up with a shift toward online shopping.
U.S. Senator Bernie Sanders and Representative Elijah Cummings introduced legislation on Thursday aimed at lowering the cost of prescription drugs for American consumers, critiquing President Donald Trump administration’s efforts to curb medicine prices.
Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as carmakers struggle with a slump in demand for diesel vehicles, tougher emissions rules and a global economic slowdown led by China.
An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.-China trade spat was resolved and over sluggish global economic growth.
China’s Vice President Wang Qishan urged for dialogue and consultations for healthy and stable bilateral relations between the country and the United States, China’s Xinhua news agency reported on Thursday.
BlackRock Inc , the largest fund manager in the world, plans to cut 500 jobs, or 3 percent of its workforce, in coming weeks, according to a memo reviewed by Reuters on Thursday.
The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further assuage concerns about the economy’s health.
India’s steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said.
Fiat Chrysler Automobiles NV has agreed to pay close to $800 million to settle claims from the U.S. Justice Department and California relating to allegations it used illegal software that produced false results on diesel-emissions tests, according to court filings Thursday.
U.S. stocks looked set to snap a four-day rally on Thursday as disappointing holiday-season results from Macy’s hammered retail stocks and no clear signs of a resolution emerged from U.S.-Chinese trade talks.
Fiat Chrysler Automobiles NV has agreed to pay $305 million in civil penalties to resolve claims from the U.S. Justice Department and California over allegations it used illegal software to emit excess diesel emissions.
HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015.
President Donald Trump said on Thursday the United States was having tremendous success with China on trade, a day after U.S. and Chinese officials concluded three days of trade talks in Beijing.
Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company on Thursday, a regulatory filing showed, providing hope the 126-year-old U.S. department-store chain could avoid liquidation.
Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said.
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