Swedbank dumps CEO as money laundering claims spook investors
Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded on her handling of a rapidly-growing money laundering scandal.
Wall Street muted as growth worries weigh; trade talks in focus
U.S. stocks swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was overshadowed by fears of an economic slowdown after a cut in fourth-quarter GDP growth.
Lululemon soars on menswear, online push; inches into Nike turf
Shares of yoga-pants specialists Lululemon Athletica Inc rose 15 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter.
Yields edge up, stocks swayed by trade talks, growth outlook
Benchmark U.S. and European bond yields edged higher on Thursday after prolonged slides, while the regions’ shares were volatile as investors eyed developments involving U.S.-China trade talks and economic growth.
PVH to exit high-end collection of Calvin Klein label
Apparel maker PVH Corp said on Thursday it would exit its high-end collection of Calvin Klein apparel and shut the label’s flagship store on New York’s Madison Avenue, as the fashion line failed to strike a chord with customers.
Kudlow says U.S. could lift some tariffs on China as part of trade deal
White House economic adviser Larry Kudlow said on Thursday the United States could lift some tariffs on China, while leaving others in place as part of an enforcement mechanism on a U.S.-China trade deal.
Exclusive: China shifts position on tech transfers, trade talks progress – U.S. officials
China has made proposals in talks with the United States on a range of issues that go further than it has before, including on forced technology transfer, as the two sides work to overcome obstacles to a deal to end their protracted trade war, U.S. off…
Wall Street higher as U.S.-China talks progress, GDP growth cut caps gains
Wall Street rose modestly on Thursday, as U.S.-China trade talks made headway, but a cut in quarterly GDP growth exacerbated fears of an economic slowdown and kept a lid on gains.
Shares of Lululemon soar as its deft moves into menswear challenge Nike, Adidas
Shares of yoga-pants specialists Lululemon Athletica Inc surged 20 percent on Thursday, with several Wall Street analysts raising their price targets for the company after a blockbuster fourth quarter.
VW, Ford to develop pickup truck, continue talks on autonomous driving
Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday.
