March 28, 2019

Shares of Lululemon soar as its deft moves into menswear challenge Nike, Adidas

Shares of yoga-pants specialists Lululemon Athletica Inc surged 20 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a […]
March 28, 2019

PVH to exit high-end Calvin Klein label

Apparel maker PVH Corp said on Thursday it would exit the high-end collection of Calvin Klein and shut the label’s flagship store in New York’s Madison […]
March 28, 2019

VW, Ford to develop pickup truck, continue talks on autonomous driving

Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and […]
March 28, 2019

U.S. fourth-quarter growth cut; corporate profits fall

The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent annual target, and corporate […]
March 28, 2019

Swedbank sacks CEO after money laundering allegations

Swedbank dismissed Chief Executive Birgitte Bonnesen on Thursday just before its annual shareholder meeting, after mounting investor criticism over allegations the bank was involved in money […]
March 28, 2019

Sony to close smartphone plant in China to cut costs

Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in an attempt to make the […]
March 28, 2019

Exclusive: U.S.-hired firm audits Russia’s Rusal for compliance with sanctions deal

A firm hired by the U.S. Treasury Department is auditing Russian aluminum giant Rusal to check whether it is complying with the terms of a deal […]
March 28, 2019

PG&E creditors propose $35 billion exit plan: Bloomberg

Some creditors of PG&E Corp, including Elliott Management Corp and Pacific Investment Management Co (Pimco), are proposing a $35 billion plan for the California power utility […]
March 28, 2019

Bond yields keep falling, stocks try to steady

Global bond yields continued to spiral lower in Asia on Thursday as recession fears fed expectations of more policy easing by major central banks, though some […]
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