American Eagle holiday-quarter earnings forecast below estimates on higher markdowns
American Eagle Outfitters Inc forecast holiday-quarter earnings below Wall Street estimates on Wednesday, as weaker demand for its flagship AE brand forced the retailer to...
Home Depot forecasts 2020 sales growth below expectations
Home Depot Inc on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales...
Massachusetts hand-dryer maker gets helping hand from U.S.-China trade war
The U.S.-China trade war is creating something William Gagnon once thought impossible – a 100% American-made bathroom hand dryer....
Germany to repay customers of insolvent Thomas Cook
Germany will give financial assistance to customers hit by the insolvency of Thomas Cook because the tour operator’s insurance cover has proved insufficient, it said...
Siemens names strategy chief Kayser to lead portfolio companies
Siemens named its strategy chief and former Kuka CEO Horst J. Kayser as boss of its loss-making portfolio companies, the German engineering company said on...
Thyssenkrupp elevator boss says German sites need to be optimized
The German factories operated by Thyssenkrupp’s elevator division need to be optimized, the unit’s chief executive said, adding talks with labor representatives have already started....
Focus squarely on Trump as Dec 15 tariffs loom in US-China trade war
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a...
IATA cuts 2019 airline profit forecast, sees stability in 2020
Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main global...
How Uber drains carmaker profits in Latin America’s biggest market
Like many Uber drivers in Sao Paulo, the ride-hailing app’s busiest city in the world, Augusto Caio Pereira does not actually own or lease the...
Germany confirms it will repay customers of insolvent Thomas Cook
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient....