Ted Baker warns on full-year; hit by weak demand, hefty discounting
Ted Baker Plc on Thursday warned yet again that its full-year profit would be hurt, as warmer weather in September, sharp discounting across the industry and tepid consumer demand takes its toll on British retailers.
H&M third-quarter pretax profit rise beats forecast
H&M , the world’s second-biggest fashion retailer, reported on Thursday a rise in fiscal third-quarter pretax profit that beat market expectations and said sales grew 8% in September in local currencies.
UK to fly back another 5,000 people on Thursday after Thomas Cook collapse
The British Civil Aviation Authority (CAA) said 25 flights are scheduled to fly on Thursday to return another 5,000 people to the country in the tenth day of the repatriation operation following the collapse of travel group Thomas Cook.
Stocks on tenterhooks as U.S. recession signs build
A wake-up call from the U.S. heartland has spooked Wall Street by raising fears of a recession that will push equities into a correction.
Uber launches app aimed at connecting workers with businesses
Ride-hailing firm Uber Technologies Inc said it launched an app called Uber Works to connect temporary workers looking to work shifts with businesses trying to plug gaps in their rosters.
Chevron’s shale allies are its secret weapon in Exxon race
U.S. oil company Chevron Corp is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world’s biggest shale field.
Walmart to test programs for U.S. workers to cut its healthcare costs
Walmart Inc said on Thursday it will begin several healthcare pilot programs for its U.S. employees starting Jan. 1 as it looks for ways to cut healthcare costs – one of the largest expenses for the retailer after wages.
Asian stocks slide as U.S. tariffs on EU fan growth worries
Asian stocks tumbled to a one-month low on Thursday as already-growing market fears about global growth were fanned by the United State announcement of new import tariffs on products from the European Union.
Amazon.com brings Alexa to Brazil, kicks off pre-orders for devices
Amazon.com Inc will launch its virtual assistant Alexa in Brazil starting this month, with plans for three different devices with the software installed, as it rapidly expands operations in Latin America’s largest economy.
U.S. committee seeks to interview Boeing engineer on safety of 737 MAX
A U.S. panel has asked Boeing Co to make an engineer available for an interview after reports that the worker filed an internal ethics complaint on 737 MAX’s safety and that the planemaker convinced the regulator to relax safety standards.
