Tiffany sticks to 2019 targets, helped by e-commerce; shares rebound
Luxury retailer Tiffany & Co said Friday it expected earnings growth to resume in the second half of the year, helped by a healthy e-commerce business, a forecast that allowed investors to look past slightly disappointing quarterly sales.
Weak factories dent hopes for global economic recovery
Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown.
UK economy dodges no-deal Brexit hit, for now
Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months.
Commerzbank CEO promises quick result in merger talks: memo
Commerzbank’s chief executive promised employees on Friday a quick decision on whether to go forward with a merger with Deutsche Bank, according to a memo seen by Reuters.
U.S. existing home sales surge, boosted by Fed’s signal on rates
U.S. home sales surged in February to their highest level in 11 months, a sign that a pause in interest rate hikes by the Federal Reserve was starting to boost the U.S. economy.
UK economy dodges no-deal Brexit hit, for now
Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months.
NBA star Shaquille O’Neal joins Papa John’s board
Pizza chain Papa John’s, trying to bounce back from a series of high-profile PR blunders, on Friday named basketball star Shaquille O’Neal as its newest board member and announced an $8.25 million three-year endorsement deal with the four-time NBA cham…
Nike shares dip on North America weakness but Wall Street remains upbeat
Shares of Nike Inc fell 4 percent on Friday after the sportswear maker’s North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth.
Wall Street falls at open on global growth worries
U.S. stocks opened lower on Friday after downbeat data from Europe fueled fears of a slowing global economy following an abrupt dovish turn by the Federal Reserve earlier this week.
Indonesian airline cancels Boeing order, citing passenger fear
Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets, it said on Friday, saying some passengers would be frightened to board the plane after two fatal crashes, although analysts said the deal had long been in doubt.
