Stocks shed early losses; sterling tumbles on Brexit jitters
A gauge of equities worldwide shed early losses on Wednesday as Wall Street stocks rose despite looming recession jitters, while sterling tumbled as Britain’s prime...
Coty sees revenue improving as turnaround plan takes shape; shares rise
Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased...
Hudson’s Bay to sell Lord + Taylor for $100 million
Hudson’s Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for...
Explainer: U.S. dollar intervention: What would it take?
The strength of the U.S. dollar has long been a thorn in President Donald Trump’s side. That has put the almost unthinkable scenario of currency...
Apple says to restart Siri reviews with new controls
Apple Inc users will be able to opt out of the company reviewing their conversations with voice assistant Siri under measures announced on Wednesday to...
Tiffany profit tops Wall St. estimates even as sales fall on tourist spending drop
Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back...
Tiffany sales fall on tourist spending drop in U.S., but earnings beat estimates
Luxury jeweler Tiffany & Co said on Wednesday declines in tourist spending in the United States dragged on sales, but it reported quarterly earnings that...
China’s Fosun set to save Thomas Cook as key terms agreed
British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see China’s Fosun Tourism...
Wall St. set to open lower as recession worries return
Wall Street was set to open lower on Wednesday after moves in the U.S. bond market returned investors to worrying about the risk of a...
Burger King’s China franchisee hires Citi for stake sale: sources
Tab Food Investments (TFI), the biggest worldwide franchisee of Burger King, has asked Citigroup to help to sell a minority stake in the business in...