Business & Finance News
Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.
U.S. stocks looked set to open higher on Thursday on brighter hopes of a preliminary trade deal between the United States and China.
China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
United Airlines on Thursday named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive chairman in May 2020.
BP is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.
Discount store operator Dollar General Corp raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores.
U.S. stock index futures rose on Thursday, setting Wall Street for a second session of gains this week, on increased hopes of a preliminary trade deal between the United States and China.
Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed Wall Street expectations for quarterly profit and sales on Thursday as weak demand at home and in Hong Kong offset growth elsewhere in China.
Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , fell short of Wall Street estimates for quarterly sales on Thursday as the luxury jeweler was hurt by weak demand from foreign tourists and business disruptions in Hong Kong.
Elon Musk’s defamation trial could be in the hands of jury by the end of Thursday after the billionaire and the diver who is suing him sparred over the meaning and impact of a “pedo guy” tweet at the heart of the case.
Automakers, ride-hailing and technology companies plowing money into the development of electric, self-driving and shared car services will find more enthusiastic consumers in China than in Europe and the United States, a survey on Thursday showed.
Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week’s UK election will lead to a smooth Brexit.
South Korea’s LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors .
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