Wall Street gains on positive earnings, upbeat data
Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings.
USMCA would modestly boost U.S. economy, cut vehicle production: analysis
The U.S. International Trade Commission estimated the proposed new North American free trade deal would modestly boost the U.S. economy but could reduce U.S. vehicle production.
Hudson News chief James Cohen to buy National Enquirer: report
American Media Inc (AMI) is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News , the Washington Post reported on Thursday, citing people familiar with the agreement.
Stocks mixed as strong U.S. retail sales offsets weak European manufacturing data
A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though they pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from industrial companies.
EssilorLuxottica shareholder body propose independent director to ease deadlock
Valoptec International which represents employees and former employees of Ray Ban maker EssilorLuxottica has proposed the appointment of an additional independent director to the group’s board in a bid to resolve governance issues.
Exclusive: Banks shun Tereos attempt to secure wider funding – sources
An attempt by French sugar group Tereos to spread risk on a 250 million euro ($281 million) loan secured earlier this year has failed to attract bidders, leaving three main creditor banks with exposure, sources familiar with the matter said.
U.S. trade agency sees 76,000 new auto jobs from North American trade deal
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact’s new regional content rules.
Pinterest, Zoom shares surge in market debut after IPOs
Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings.
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt….
Oil prices little changed despite Saudi export cuts, U.S. stocks draw
Oil futures held steady on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. oil inventories supported prices, while a strengthening dollar kept futures in check.
