Tiffany profit falls short on weak demand in Americas, Hong Kong
Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.
U.S. trade deficit hits 1-1/2-year low; weekly jobless claims fall
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand.
Saudi Aramco prices shares at top of range in world’s biggest IPO: sources
DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.
Huawei mounts legal challenge against FCC over rural carrier customers
China’s Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
GM, LC Chem announce $2.3 billion EV battery venture in Ohio
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
BP increases stake in solar energy firm Lightsource BP
BP is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.
Dollar General lifts profit forecast, tops third-quarter expectations on sales
Discount store operator Dollar General Corp raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores.
Futures rise on increased hopes of trade deal with China
U.S. stock index futures rose on Thursday, setting Wall Street for a second session of gains this week, on increased hopes of a preliminary trade deal between the United States and China.
Tiffany misses estimates for profit on weak demand in Americas, Hong Kong
Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed Wall Street expectations for quarterly profit and sales on Thursday as weak demand at home and in Hong Kong offset growth elsewhere in China.
Musk defamation trial may head to jury after billionaire and diver spar in court
Elon Musk’s defamation trial could be in the hands of jury by the end of Thursday after the billionaire and the diver who is suing him sparred over the meaning and impact of a “pedo guy” tweet at the heart of the case.
