Macy’s to close 125 stores, cut more than 2,000 jobs
Macy’s Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years and cut more than 2,000...
Nike warns of financial impact from coronavirus outbreak
Nike Inc said on Tuesday the coronavirus outbreak in China would have a financial impact on its operations in the country, its biggest growth market,...
Snap adds more users, still misses quarterly revenue estimates
Snap Inc added more users to photo messaging app Snapchat in the fourth quarter, but missed Wall Street estimates for revenue on Tuesday, hurt by...
Wall Street jumps as China steps ease virus impact worry
The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in nearly six months as fears of a...
State AGs, Justice Department discuss Google anti-trust probe
The executive committee of the state attorneys general investigating Alphabet’s Google wrapped up a meeting on Tuesday afternoon with U.S. Justice Department officials to coordinate...
Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts
Oil prices sank about 1% on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for...
Intercontinental Exchange offers to buy eBay: WSJ
Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the...
Ups and downs: the battle to buy Thyssenkrupp’s elevator unit
Finland’s Kone and private equity firms are battling to buy ThyssenKrupp’s prized elevator division worth more than 15 billion euros ($16.6 billion), a deal which...
ConocoPhillips’ outlook weighed down by coronavirus, disruptions in Malaysia, Libya
ConocoPhillips issued a muted annual outlook on Tuesday, expecting a hit from weaker oil demand growth due to the coronavirus outbreak and disruptions at its...
Siemens to buy Iberdrola’s stake in Siemens Gamesa for 1.1 billion euros
Siemens is buying Iberdrola’s stake in Siemens Gamesa renewable energy , the German engineering company said, as it prepares to merge the business with its...