Back on trend? H&M makes AI, loyalty drive to ride fashion cycle
When H&M boosted its shares last month by reporting a rise in the sale of full-price garments, it wasn’t just a tribute to the fashion sense of its designers. It was a sign that backroom improvements are at last paying off.
India’s Jet Airways suspends operations after banks reject plea for emergency funds
Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India’s largest private airline.
PepsiCo results beat as new CEO’s ad push lifts sales
PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally.
Toyota to build Corolla in Brazil that will run on electricity, ethanol and gas
Japan’s Toyota Motor Corp said on Wednesday it will begin building in Brazil a new version of the Corolla sedan that will run on electricity, ethanol and gas, the first vehicle of its kind to be built in Latin America.
Weak Chinese imports push U.S. trade deficit to eight-month low
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit.
Wall Street dips as healthcare stocks slide again
U.S. stocks gave up early gains to trade marginally lower on Wednesday, as healthcare stocks continued a decline from the previous session, countering a rally in chipmakers led by Qualcomm and robust economic data out of China.
U.S. planes, tractors on EU tariff list over Boeing
Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union said on Wednesday it could hit with tariffs in a transatlantic aircraft subsidy dispute.
VW’s Slovak unit vows to increase efficiency, curb wage growth
Volkswagen’s Slovak unit pledged on Wednesday to increase efficiency by 30 percent by 2020 to get ahead of the company-wide savings drive as it seeks to raise its competitiveness within the group.
Bridgewater warns of peak U.S. profit margins, lower stock prices
The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest hedge fund, said on Wednesday in a report.
Morgan Stanley leans on wealth management to beat estimates
Morgan Stanley reported a 9 percent drop in quarterly earnings on Wednesday, but managed to beat analyst estimates through slight growth in its wealth management business, as well as cost cuts.
