Controversial Versace T-shirt dents Capri’s sales in China
Capri Holdings Ltd blamed a controversy around a Versace T-shirt that labeled Hong Kong and Macau as countries for denting the luxury label’s sales in China, adding it would now take a “very cautious” approach to its business in the country.
Exclusive: U.S.-China trade deal signing could be delayed until December – U.S. source
A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Re…
Amazon’s rising air shipments fly in the face of climate plan
Amazon.com Inc Chief Executive Jeff Bezos has plans to slash greenhouse gas emissions from the online retailer’s delivery operations.
SoftBank’s Son admits mistakes after Vision Fund’s $8.9 billion loss
SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork.
Oil prices fall on large U.S. crude build, euro zone data
Oil prices slipped on Wednesday after a much larger build in U.S. crude inventories than expected and weak euro zone economic figures that weighed on demand sentiment, reversing gains from the previous three sessions.
Risk rally pauses on U.S. data, trade talk caution
The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.
Wendy’s sales warm on spicy chicken; burger chain looks to breakfast rollout
Wendy’s Co reported strong North American sales on Wednesday, powered by spicy chicken nuggets and other special menu items, while the fast-food burger chain looks ahead to its launch of breakfast next year.
Canada PM cites ‘positive momentum’ on USMCA deal as top U.S. official visits
Canadian Prime Minister Justin Trudeau on Wednesday cited “positive momentum” in the U.S. process to ratify a new continental trade deal, which has been in limbo for months amid concerns over labor standards.
Phillips 66 completely transparent in project financing: CEO
Phillips 66 Chief Executive Greg Garland said on Thursday the company is completely transparent in the financing of pipelines and other projects the independent U.S. refiner and petrochemical producer has undertaken in the past few years.
Former UAW official, GM board member charged in UAW investigation
Former United Auto Workers vice president Joseph Ashton was charged on Wednesday with conspiracy to commit money laundering and wire fraud, the latest person named in a wide-ranging corruption probe into the union.
