Stocks continue to sputter, Canadian dollar weakens
A gauge of global stocks sputtered for a third straight session, unable to build on a surge in Chinese shares, while the Canadian dollar weakened after dovish commentary from the Bank of Canada.
Dollar Tree chops value of Family Dollar brand, to shut 390 stores
Dollar Tree Inc announced plans to close hundreds more Family Dollar stores on Wednesday as it wrote off $2.7 billion, or nearly a third of the value of the struggling discount chain it bought for $9 billion four years ago.
Wall Street slips, investors await fresh cues on trade
U.S. stocks fell on Wednesday as investors stayed on the sidelines following a strong rally this year, awaiting fresh developments on trade.
Abercrombie expects redesigned stores to boost 2019 sales, shares surge
(This March 6 story, corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing boosting demand for the Abercrombie brand)
Exxon Mobil CEO sets plan to boost spending; shares sink
Exxon Mobil Corp said on Wednesday it plans to open its wallet and boost spending for several years to restore flagging oil and gas production, but its shares fell as investors were disappointed that the oil company would not tighten spending and send …
Wall Street flat, investors await fresh update on trade
U.S. stocks took a pause on Wednesday following a strong rally that started this year as investors stayed on the sidelines, awaiting fresh developments on trade.
Bristol-Myers says Celgene deal is ‘best path’ as investor opposition mounts
Bristol-Myers Squibb urged shareholders on Wednesday to support its planned $74 billion takeover of Celgene Corp, as it faces opposition from at least two investors to what could be the largest pharmaceutical deal ever.
Dialog Semi, smaller after Apple deal, targets new growth areas
Dialog Semiconductor is targeting new growth opportunities from home healthcare to gaming consoles following a $600 million deal to cut its exposure to Apple, CEO Jalal Bagherli told Reuters on Wednesday.
Newmont calls initial Nevada joint venture talks with Barrick ‘productive’
Newmont Mining Corp said on Wednesday that initial talks on a possible Nevada joint venture with Barrick Gold Corp were productive.
U.S. trade deficit hits 10-year high in 2018 on record imports
The U.S. trade deficit surged to a 10-year high in 2018, with the politically sensitive shortfall with China hitting a record peak, despite the Trump administration slapping tariffs on a range of imported goods in an effort to shrink the gap.
