August 30, 2018

Abercrombie sales miss as Hollister runs out of stock in Europe

Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not […]
August 30, 2018

Wells Fargo fires bankers after probe into doctoring of expense receipts – Wall Street Journal

Wells Fargo & Co has fired or suspended more than a dozen employees in its investment bank over alleged violations of the company’s expense policy regarding […]
August 30, 2018

Wall Street lower on China tariff worries

U.S. stocks fell on Thursday, after four days of gains, weighed down by weak results from retailers and on rising concerns over the U.S.-China trade war […]
August 30, 2018

Consumer spending rises strongly; inflation firming

U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal […]
August 30, 2018

Atlanta Fed lowers U.S. third-quarter GDP view to 4.1 percent

The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday, following […]
August 30, 2018

Merrill Lynch does about face on fiduciary-era policy

Bank of America Corp’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with […]
August 30, 2018

Campbell Soup to sell units, leaves open option of complete sale

Campbell Soup Co said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company […]
August 30, 2018

Abercrombie & Fitch misses same-store sales estimates

Apparel retailer Abercrombie & Fitch Co missed quarterly same-store sales estimates on Thursday, hurt by lower-than-expected sales at its namesake line of teenage apparel and Hollister […]
August 30, 2018

Dollar Tree same-store sales miss estimates, shares fall

Discount store operator Dollar Tree Inc reported quarterly same-store sales on Thursday that fell short of estimates due to weak sales at its Family Dollar stores, […]
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