Bed Bath & Beyond hires Target executive as CEO
Bed Bath & Beyond Inc on Wednesday hired Target Corp’s Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the company under pressure from activist investors, sending its shares up 23%.
Exclusive: Delta pilots received record overtime while MAX crisis hit rivals – unions
Delta Air Lines pilots are receiving record overtime, straining the airline’s labor costs, in part because it has added more flights to fill a supply gap left by the grounding of the Boeing 737 MAX at rival carriers, union officials told Reuters.
Wall Street gains on trade optimism, but Beijing tempers hopes
Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week.
Oil steady as attack in Syria supports but U.S. crude stocks weigh
Oil futures were mixed on Wednesday as a Turkey-launched offensive in Syria and hopes of progress in ending the U.S.-China trade war supported oil, but a build in U.S. crude inventories held prices back.
Decreasing U.S. job openings point to cooling labor market
U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.
Stocks rise on trade truce bets; lira shaken by Turkey move on Syria
Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ev…
J&J shares fall but $8 billion jury award likely to be slashed
Johnson & Johnson shares were off more than 2% on Wednesday, a day after a U.S. jury said it must pay $8 billion in punitive damages to a plaintiff in a case involving its anti-psychotic drug Risperdal, a penalty the company and others are confident will not stand.
Wall Street advances on renewed trade deal optimism
Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.
Oil steady as military action in Syria boosts prices, crude inventories weigh
Oil prices edged up on Wednesday as Turkey launched an offensive in Syria that could disrupt crude production in the region and on hopes of progress in ending the U.S.-China trade war, but a build in U.S. crude inventories limited gains.
Halliburton cutting 650 jobs in U.S. as oilfield business slows
U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.
