Total says to avoid fuel shortage as strike escalates at Feyzin refinery
French energy major Total said on Friday it was taking measures to avoid fuel and other products shortages after striking workers blocked distribution from its 110,000 barrels-per-day Feyzin refinery.
S&P 500, Nasdaq open lower as trade-fueled rally pauses
The S&P 500 and Nasdaq indexes opened slightly lower on Friday after a record run this week fueled by rising hopes of a U.S.-China trade truce and an upbeat corporate earnings season.
EasyJet, Jet2.com buy Thomas Cook’s UK airport slots
British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively.
U.S. company directors compensated more than ever, but now risk backlash
(This November 8 story corrects spelling of analytics firm ESGauge, paragraph 10)
White House says tariff could be removed if U.S.-China trade deal reached
Tariffs could be lifted amid the U.S.-China trade deal if an agreement is reached, a White House spokeswoman said on Friday, citing optimism about a final pact but giving no further details.
Wall Street Weekahead: Small-cap shares poised to benefit from shift to value
Beleaguered shares of small U.S. companies are set for a bump in performance as value stocks have risen, market analysts say, but small caps could quickly fade again with an economic setback.
Factbox: Gap goes in-house for new interim boss
Robert Fisher, the son of Gap Inc’s founders, took over as interim chief executive officer of the apparel retailer on Thursday, tasked with putting the company on the path to a turnaround and negotiating the planned spin-off of Old Navy.
Old Navy spin-off in doubt after Gap’s Peck departs: analysts
Shares of Gap Inc fell nearly 10% on Friday, as the surprise departure of Chief Executive Officer Art Peck and persistent declining sales, threw the apparel retailer’s planned spin-off of its Old Navy brand into question.
Gap CEO exiting as forecast cut casts doubt on turnaround
Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.
Exclusive: Boon for Hong Kong as Alibaba plans $15 billion listing in late November – sources
Chinese retail titan Alibaba plans to list in Hong Kong in the final week of November, two people with direct knowledge said, aiming to raise up to $15 billion in a deal that signals a vote of confidence in the Asian financial hub.
