Business & Finance News
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.
U.S. stocks opened lower on Thursday after a four-day rally, on disappointment over lack of details from the U.S.-China trade talks and holiday-season reports from retailers.
Macy’s Inc cut its comparable sales forecast for the holiday quarter 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.
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.
Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a slump in European diesel sales.
Shares of Macy’s Inc plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the crucial holiday quarter due to weak demand during mid-December.
A four-day rally in world stocks ran out of steam on Thursday and the dollar touched a near three-month low as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.
American Airlines Group Inc on Thursday cut its estimate for a closely watched revenue metric for the fourth quarter, raising concerns that travel demand in the U.S. may be taking a hit from slowing global growth and trade tensions.
U.S. stock index futures dipped on Thursday, after a solid four-day rally, as lack of details on U.S.-China trade talks gave investors pause, while retailers came under pressure after a couple of disappointing holiday-season reports.
Target Corp said on Thursday comparable sales grew 5.7 percent during November and December, helped by higher customer visits and strong online sales during the holiday season.
The European Commission has opened an investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage.
Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to cut thousands of jobs as the company faces lower demand in China and a slump in sales of diesel cars in Europe.
The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage.
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