Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts’ estimates on Thursday, driven by strong sales at its Hollister and flagship stores, sending its shares soaring as much as 16.3 percent in premarket trading.
Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said.
Apparel retailer Abercrombie & Fitch Co topped quarterly same-store sales estimates on Thursday, driven by higher sales at its Hollister and flagship stores.
U.S. stock index futures fell on Thursday, following a sharp rally in the prior session after Federal Reserve Chair Jerome Powell eased worries about monetary tightening, as focus shifts to a high stakes U.S.-China trade talk at the G20 Summit.
Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy between 2019-2021 in a bid to fill under-utilized plants, conserve jobs and boost operating margins in Europe.
Ford warned that Prime Minister Theresa May’s Brexit agreement should be backed to avoid a no deal “catastrophe” but said that a guarantee on long-term frictionless trade, which is key to the future of its British plants, is not clear enough.
U.S. stock index futures fell on Thursday, following a sharp rally in the prior session after Federal Reserve Chair Jerome Powell eased worries about monetary tightening, as focus shifts to a high stakes U.S.-China trade talk at the G20 Summit.
Germany’s antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace.
The replacement of Unilever’s CEO Paul Polman was not connected to a shareholder row earlier this year over a proposed move of the headquarters of the Anglo-Dutch consumer goods company from Britain to the Netherlands, said the group’s chairman.
Unilever Chief Executive Paul Polman is retiring less than two months after a damaging row with shareholders and will be succeeded in January by Alan Jope, the head of the Anglo-Dutch group’s beauty business.
Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008.
Snap Inc has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire.
Renault and Nissan “emphatically reiterated” their commitment to one another on Thursday as executives gathered for talks likely to address the future of the alliance, rocked by the arrest of Chairman Carlos Ghosn.
Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.
South Korean prosecutors on Thursday said they have indicted nine people on suspicion of leaking Samsung Electronics Co Ltd flexible display technology to a Chinese company.
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