Wall Street set to resume record run on trade deal optimism
Wall Street’s main indexes were set to hit record highs on Thursday, boosted by signs of progress in U.S.-China trade relations and a fresh batch of largely upbeat earnings reports.
Big Oil gives Brazil the cold shoulder in second auction flop
Brazil held a second underwhelming oil auction in as many days on Thursday, as major global oil firms passed again on offshore blocks billed as among the world’s most promising.
Lyft asks Americans to ditch their cars for ride-hailing vouchers
Lyft Inc on Thursday said it was rolling out an offer to users in Los Angeles, San Francisco and Chicago to sell their cars and receive credit on the ride-hailing platform.
Airbus reshuffles supply chain management amid delays
Airbus is overhauling the management of its supply chain and speeding up assembly at a plant in China as it faces ongoing industrial problems at home in Germany, industry sources said.
Ralph Lauren tops profit estimates on cost control, Chinese demand
Ralph Lauren Corp beat quarterly profit estimates on Thursday, driven by tighter control on expenses and strong demand for its Polo shirts and tweed jackets in China and Europe, sending its shares up 9% in premarket trading .
U.S. weekly jobless claims fall more than expected
The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth.
Ralph Lauren reports 6.5% rise in second-quarter profit
Ralph Lauren Corp reported a 6.5% rise in adjusted quarterly profit on Thursday, driven by tighter cost control and strong demand for its Polo shirts and tweed jackets in Europe and China.
Teva Pharm nudges up earnings forecast, names new CFO
Teva Pharmaceutical Industries nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly met expectations.
Drake signs up for Toronto marijuana venture
The biggest of Canada’s new brand of marijuana producers will join forces with Toronto-born rap star Drake to launch a fully-licenced joint venture in the city to produce and distribute cannabis, the two sides said on Thursday.
Exclusive: KKR targets record $15 billion for new Asia-focused fund – sources
Global private equity group KKR & Co Inc is targeting a record $15 billion for its new Asia-focused buyout fund, three sources with knowledge of the fundraising plan told Reuters.
