March 7, 2019

Wall Street falls for fourth day after dour ECB view

Wall Street’s main indexes headed toward a fourth consecutive session of declines on Thursday, after Europe’s central bank said it would defer interest rate hikes and […]
March 7, 2019

Abercrombie expects redesigned stores to boost 2019 sales, shares surge

(This March 6 story, corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing […]
March 7, 2019

Tesla CEO Musk’s security clearance under review over pot use: Bloomberg

Tesla Inc and SpaceX Chief Executive Officer Elon Musk’s security clearance is being reviewed by the Pentagon after the billionaire smoked marijuana on a California comedian’s […]
March 7, 2019

ECB action sends stocks lower as dollar strengthens

A gauge of global stock markets retreated on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate hikes to 2020 and […]
March 7, 2019

Exclusive: SEC scrutinizes fairness of stock exchange pricing

The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, […]
March 7, 2019

GE seeks better insurance returns in junk bonds, other risk assets

General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives […]
March 7, 2019

GE says its reserves are enough, seeking premium increases

General Electric Co said on Thursday it believed its current reserves for long-term care insurance policies were sufficient and that it was looking to further reduce […]
March 7, 2019

Kroger’s $3 billion splurge hits profit outlook, shares slide

Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete […]
March 7, 2019

Wall Street dips at open after ECB decision

U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate […]
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