Abercrombie predicts strong 2019 sales, shares surge
Abercrombie & Fitch predicted annual sales above Wall Street forecasts on Wednesday, as new store designs and a broader selection of apparel resonate better with shoppers.
House to hold hearing on Sprint, T-mobile proposed merger
U.S. House lawmakers plan to hold a March 12 hearing to review a proposed $26 billion merger of T-Mobile US Inc and Sprint Corp with the telecommunications companies’ chief executives, according to a congressional statement on Wednesday.
Daimler, BMW autonomous alliance seeks to define self-driving rules
Daimler and BMW are teaming up to develop autonomous driving technology to cut costs and set an industry standard that can help to shape future regulation for self-driving cars, senior executives said on Wednesday.
Wall Street set for muted open due to lack of fresh catalysts
Wall Street was set to dip at the open on Wednesday in the absence of fresh developments on trade, with investors taking a step back after a strong run in equities since the start of the year.
Exxon Mobil sees 2020 capex rising by up to 16 percent
Exxon Mobil Corp said on Wednesday it plans to open its wallet and increase capital spending by 10 percent to 16 percent next year, as the U.S. oil major looks to restore flagging oil and gas production despite investor pressures to boost returns.
U.S. trade deficit jumps to 10-year high in 2018
WASHINGTON, March 6 – 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 shr…
Bristol-Myers tells opponents Celgene deal is ‘best path’
Bristol-Myers Squibb urged shareholders on Wednesday to support its planned $74 billion takeover of Celgene Corp, as it faces opposition from two large investors to what could be the largest pharmaceutical deal ever.
Dollar Tree’s holiday quarter same-store sales beat estimates
Dollar Tree Inc reported better-than-expected quarterly same-store sales on Wednesday, as it drew more customers to its namesake stores and had the best growth in sales at its struggling Family Dollar business in the fiscal year.
Volvo Cars warns of pulling electric cars out of United States: FT
Volvo Cars, owned by China’s Zhejiang Geely Holding Group Co, will not sell its all-electric Polestar models in the United States if the company faces tariffs on exports from China, the Financial Times reported on Wednesday.
Dialog Semi eyes opportunities in connected health, gaming: CEO
Dialog Semiconductor is targeting growth opportunities ranging from home health to gaming consoles following a $600 million deal to reduce its exposure to Apple, CEO Jalal Bagherli told Reuters in an interview.
