Business & Finance News
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.
Air Canada increased its long-term targets for profit margins and free cash flow on Thursday, as the country’s largest airline benefits from cost-cutting efforts and an expansion into new destinations.
JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8 percent.
Air Canada on Thursday forecast margins on core earnings (EBITDA) of 19 percent to 22 percent for the next three years and for the same period said it expects cumulative free cash flow of C$4 billion ($3.04 billion) to C$4.5 billion.
Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.
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