November 15, 2018

J.C. Penney gives gloomy outlook before holidays

J.C. Penney Co Inc predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results […]
November 15, 2018

FCC OKs SpaceX, TeleSat Canada bids to expand satellite-based internet service

WASHINGTON (Reuters – The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla chief executive Elon Musk’s Space X, Telesat Canada and two other […]
November 15, 2018

Sterling sags on Brexit fears, traders favor yen, dollar

The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the […]
November 15, 2018

Pound dives as UK PM May fights for survival

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 […]
November 15, 2018

Wall Street opens lower as mixed retail results, growth stocks weigh

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 […]
November 15, 2018

Proxy advisory firm ISS favors vote for Third Point nominees at Campbell

Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a […]
November 15, 2018

China’s stay-at-home shoppers propel luxury sales: Bain

Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly […]
November 15, 2018

Apple supplier AMS cuts forecast, indicating poor iPhone demand

Austria’s AMS , which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones […]
November 15, 2018

Liberty Global ‘not desperate’ to sell Swiss business: CFO

Cable operator Liberty Global is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie […]
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