Gap’s Old Navy plans to nearly double its store count after split
Gap Inc’s Old Navy brand plans to nearly double its store count in North America as the apparel retailer readies itself to split from the parent company next year.
Exclusive: Ahead of trade talks, China makes biggest U.S. soybean purchases since June – traders
Privately run Chinese firms bought at least 10 boatloads of U.S. soybeans on Thursday, the country’s most significant purchases since at least June, traders said, ahead of high-level talks next month aimed at ending a bilateral trade war that has laste…
Grand jury indicts GE’s Baker Hughes for exposing workers to toxic chemicals
A grand jury in Alaska this week indicted General Electric’s Baker Hughes, two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities.
SmileDirectClub falls 11% in U.S. market debut
Shares of SmileDirectClub , a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations.
U.S. probes 553,000 Nissan Rogue SUVs for unintended emergency braking
The National Highway Traffic Safety Administration (NHTSA) has opened a preliminary investigation into 553,000 Nissan Rogue sport utility vehicles after reports of their automatic emergency braking systems engaging without warning or an obstruction, th…
Wall Street gets boost from easing trade concerns, euro zone stimulus
U.S. stocks were on track for a second straight session of gains on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October.
Senate approves full term for Fed’s Bowman
The U.S. Senate voted on Thursday to confirm Federal Reserve Governor Michelle Bowman to a full 14-year term.
Kroger’s doubts about turnaround targets cloud quarterly profit beat
Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, even as the supermarket chain operator posted a better-than-expected quarterly profit, helped by its investments in delivery and online operations.
Draghi ties Lagarde’s hands with promise of indefinite stimulus
European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump.
IMF says it remains engaged in Argentina, focuses on stabilizing economy
The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.
