January 10, 2019

Macy’s shares sink after it trims full-year sales forecast

Macy’s Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl’s Corp disappointed investors, signaling retailers’ continued struggle to keep […]
January 10, 2019

Sen. Sanders, Rep. Cummings introduce bill to lower U.S. drug prices

U.S. Senator Bernie Sanders and Representative Elijah Cummings introduced legislation on Thursday aimed at lowering the cost of prescription drugs for American consumers, critiquing President Donald […]
January 10, 2019

Trump says U.S. is having tremendous success with China on trade

President Donald Trump said on Thursday the United States was having tremendous success in its trade negotiations with China, a day after U.S. and Chinese officials […]
January 10, 2019

China vice president urges dialogue for stable China-U.S. ties: Xinhua

China’s Vice President Wang Qishan urged for dialogue and consultations for healthy and stable bilateral relations between the country and the United States, China’s Xinhua news […]
January 10, 2019

Ford, Jaguar slash thousands of jobs across Europe

Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as carmakers struggle with a slump in demand for diesel vehicles, tougher emissions […]
January 10, 2019

Ford does not rule out plant closures in Europe as part of overhaul

Ford cannot rule out plant closures as part of its efforts to return its European operations to profitability, Steven Armstrong, group vice president, Europe, Middle East […]
January 10, 2019

Wall St. flat after four-day surge as retailers, trade talks disappoint

U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy’s Inc and concerns […]
January 10, 2019

Starboard building stake in MGM Resorts: sources

Activist hedge fund Starboard Value LP is building a stake in MGM Resorts , two people familiar with the matter said on Thursday, as the U.S. […]
January 10, 2019

Sears chairman submits new $5 billion bid to save bankrupt retailer

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 […]
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