Business & Finance News
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash.
Sterling tumbled on Thursday and a gauge of global stocks declined for a sixth straight session as political developments in Britain rippled through currency, bond and equity markets.
U.S. stocks fell on Thursday as a batch of weak earnings and Brexit-related concerns sparked a sixth day of selling, with high-growth stocks such as Amazon.com Inc and Facebook Inc taking a hit.
Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb’s hedge fund to make changes at Campbell Soup Co , including replacing some board members.
Walmart Inc reported higher-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online.
U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks including Facebook and Amazon.com Inc .
Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
(This November 14 story corrects headline and fourth paragraph to show loss did not triple)
U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by recovery efforts in areas devastated by Hurricane Florence.
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.
J.C. Penney Co Inc withdrew its annual earnings forecast on Thursday, adding to nerves about the future of another one of America’s best known retail names ahead of the crucial holiday selling season.
Sterling tumbled and the rest of Europe’s share markets groaned on Thursday after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just hours after it had been unveiled.
The dollar held its earlier gains versus a basket of currencies on Thursday as data showed a stronger-than-expected 0.8 percent increase in domestic retail sales in October, rebounding from a 0.1 percent dip the month before.
U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence.
The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were estimated because of Monday’s Veterans Day holiday, which could have influenced the data.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
