Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead
Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall...
PVH closes most Calvin Klein, Tommy Hilfiger China stores on virus outbreak
PVH Corp said on Wednesday it had temporarily closed majority of its Calvin Klein and Tommy Hilfiger stores in China due to the coronavirus outbreak....
Exclusive: Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival...
Shopify forecasts full-year revenue above estimates, shares rise
Canadian e-commerce company Shopify Inc on Wednesday posted better-than-expected quarterly earnings, helped by higher holiday sales, and forecast full-year revenue above Wall Street estimates, sending...
Futures higher on drop in new coronavirus cases
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the...
Shopify beats quarterly revenue estimates on higher sales
Canada’s Shopify Inc beat Wall Street estimates for quarterly revenue on Wednesday, boosted by Black Friday and Cyber Monday sales on the e-commerce platform....
Can a ‘numbers guy’ with insurance DNA finally fix AIG?
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a...
Kering frustrated with slow progress in cosmetics development
Gucci-owner Kering’s chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty...
Oil rises 2% as fall in new China coronavirus cases eases fuel demand concerns
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel...
Airbus Helicopters signs order from Royal Thai Air Force
Airbus said on Wednesday its Airbus Helicopters unit had signed an order for six H135 military training helicopters from the Royal Thai Air Force....