Retailers howl as U.S. trade agency locks in 15% tariffs on Sept. 1
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and...
Tiffany profit tops estimates, Hong Kong and tourism hit sales
Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on a drop in marketing costs even as sales were hurt by...
Forever 21 prepares for potential bankruptcy filing: Bloomberg
Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported on Wednesday, citing people with knowledge of the plans....
Fed’s Daly says her ‘bias’ is to run hot U.S. economy
San Francisco Federal Reserve President Mary Daly on Thursday signaled support for continued U.S. monetary policy accommodation, saying she believes the benefits of running a...
Boeing wins $500 million U.S. defense contract: Pentagon
Boeing Co has been awarded a $500 million contract for providing F-15QA aircrew and maintenance training to Qatar’s air force, the Pentagon said on Wednesday....
Calvin Klein owner PVH cuts full-year profit, revenue forecast
PVH Corp cut its full-year profit and revenue forecast on Wednesday, as the Calvin Klein owner sees pressure from the escalating trade tensions between the...
U.S. judge rules for Regeneron, Sanofi in Amgen cholesterol drug patent fight
A U.S. judge on Wednesday set aside a jury verdict that found Amgen Inc patents on its cholesterol drug Repatha were valid, handing a victory...
Former CEO of shut Philadelphia refinery seeks to buy the plant
The former chief executive officer of Philadelphia Energy Solutions is seeking to buy and restart the 335,000 barrel-per-day PES refinery, which closed after a June...
Wall Street climbs on energy, financials boost
U.S. stocks climbed on Wednesday, recovering from early declines on gains in energy and financial shares, but investors remained leery about the potential for another...
Stocks rise as recession, trade worries ebb; sterling tumbles
A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain’s prime...