Disney parks, films outperform as streaming costs stay under budget
Walt Disney Co’s theme parks and a remake of “The Lion King” boosted quarterly earnings past Wall Street targets on Thursday as costs came in lower than expected for its big plunge into streaming entertainment.
U.S. Agriculture Department preparing second tranche of trade aid for farmers: Perdue
The U.S. Agriculture Department is preparing to roll out the second tranche of aid to compensate farmers for losses due to the U.S.-China trade war, Agriculture Secretary Sonny Perdue said on Thursday.
Gap CEO Peck to leave; earnings forecast cut sends shares tumbling
Gap Inc said on Thursday Chief Executive Officer Art Peck will step down and also cut its full-year earnings forecast, blaming slower traffic and operational challenges, sending the apparel maker’s shares down 7%.
Rollback of China tariffs faces fierce opposition in White House
An agreement between the United States and China to roll back existing tariffs as part of a “phase one” trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.
How the SEC is making life easier for corporate America
Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and inter…
Stocks, dollar rally on U.S.-China trade deal hopes
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.
GoPro quarterly revenue beats on ‘Hero’ camera demand, shares rise
GoPro Inc beat analysts’ estimates for third-quarter revenue on Thursday, boosted by demand for its new Hero camera, sending its shares up 11% in after-market trading.
Dropbox tops revenue, profit estimates on higher subscriber additions
Dropbox Inc beat analysts’ estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform.
GM sells shuttered Ohio plant to EV truck start-up
General Motors Co confirmed on Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020.
Juul Labs to stop sales of mint-flavored nicotine pods in U.S
E-cigarette maker Juul Labs Inc will immediately stop selling its mint-flavored nicotine cartridges in the United States, the company said on Thursday, after new signs that the mint variety is increasingly popular among teenagers.
