October 24, 2019

Amazon’s gloomy holiday forecast misses estimates, shares fall 7%

Amazon.com Inc on Thursday forecast revenue and profit for the holiday quarter below expectations, as it faces fierce competition and rising costs from its plan to […]
October 24, 2019

Amazon’s faster shipping dents profits, more pain to come

Amazon.com Inc’s chief financial officer on Thursday said costs for its one-day shipping program will spike to around $1.5 billion during the holiday season as the […]
October 24, 2019

HSBC, StanChart results to show Hong Kong protests are starting to gnaw

HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for […]
October 24, 2019

Massachusetts accuses Exxon in lawsuit of climate change deceit

The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels […]
October 24, 2019

U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. […]
October 24, 2019

Barneys close to sale to Authentic Brands after rival bid fails: sources

Luxury retailer Barneys New York Inc is close to being sold to licensing firm Authentic Brands Group LLC after a competing bid from a trade show […]
October 24, 2019

Brazil narrows field to China, Russia, France for Angra 3 nuclear partner

(This October 23 story corrects paragraph 8; Westinghouse owned by Brookfield Business Partners, not Toshiba Corp as erroneously reported) Powered by WPeMatico
October 24, 2019

Walmart, CVS and Rite Aid pull 22-ounce J&J baby powder off shelves

Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson’s baby powder from their stores, following the healthcare conglomerate’s recall last […]
October 24, 2019

GM contract vote by striking UAW workers heads into final hours

Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 39-day strike […]
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