November 7, 2018

Michael Kors shares slide 16 percent as European stores struggle

Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores […]
November 7, 2018

Dish revenue falls five percent as satellite subscribers drop

U.S. satellite TV service provider Dish Network Corp reported a 5 percent fall in quarterly revenue on Wednesday as it leaked more subscribers in the face […]
November 7, 2018

Michael Kors misses quarterly revenue estimates

Michael Kors Holdings recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than […]
November 7, 2018

U.S. Democrat election gains fuel stocks surge, hits dollar, Treasury yields

Wall Street looked set for a surge on Wednesday and global stocks rose after sharp U.S. election gains for the opposition Democrats, but the outcome, which […]
November 7, 2018

U.S. companies team up with hospitals to reduce employee maternity costs

General Electric Co and other large companies are trying to chip away at rising childbirth costs for U.S. employees, working directly with hospitals to reduce cesarean […]
November 7, 2018

Cologne prosecutors confirm searched Blackrock offices

German state prosecutors in Cologne executed a search warrant at Blackrock’s offices in Munich on Tuesday, a spokesman said, adding that the company’s country chairman, Friedrich […]
November 7, 2018

GE and Rolls Royce finalists for Chinese-Russian CR929 jet engine, designer says

General Electric and Rolls Royce are the two finalists to supply engines for a new long-haul jet developed by a Russian-Chinese joint venture that aims eventually […]
November 7, 2018

Adidas slips in Europe as Stan Smiths, Superstars go out of fashion

Adidas cut its 2018 revenue forecast on Wednesday after third quarter sales fell in western Europe, where it was hit by changing fashions and Nike’s gains […]
November 7, 2018

Firepower for U.S. stocks may lose spark as Democrats gain clout

The U.S. stock market may be facing the remainder of Donald Trump’s presidential term with the prospect of less juice to supercharge it. Powered by WPeMatico
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