HBO Chief Executive Richard Plepler to resign from company
HBO Chief Executive Richard Plepler will leave the premium television network owned by U.S. wireless carrier AT&T Inc after nearly 28 years at the company, Plepler said in a memo to HBO employees on Thursday.
Gap to separate Old Navy brand, close stores; shares surge 25 percent
Gap Inc said on Thursday it would separate its better-performing Old Navy brand into a publicly traded company and close about 230 stores of its struggling namesake apparel business, sending its shares surging about 25 percent.
Tesla starts selling $35,000 Model 3 for delivery in two-four weeks
Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan with a delivery time of two to four weeks, nearly two years after the company originally promised the car at that price.
Gap to separate Old Navy, close stores; shares jump
Gap Inc said on Thursday it would separate its Old Navy brand into a publicly traded company, to focus on its struggling namesake apparel business, sending its shares up 18 percent.
U.S. stocks edge downward as Wall Street takes a pause
Wall Street’s main indexes fell slightly on Thursday as support from better-than-feared U.S. GDP data was countered by concerns about earnings and U.S.-China trade relations.
In U.S. charm offensive, China’s Huawei launches ad to combat dark image
Huawei Technologies ran a full page ad in major U.S. newspapers on Thursday urging readers not to believe “everything you hear,” about the Chinese tech firm, as it defends itself against government accusations its equipment can be used to spy.
Starboard joins opposition to Bristol-Myers’ $74 billion Celgene deal
Activist hedge fund Starboard Value LP followed Bristol-Myers Squibb Co’s second-largest investor, Wellington Management, in opposing the drugmaker’s $74 billion purchase of biotech Celgene Corp on Thursday, sowing further doubt on what would be the la…
U.S. fines American Airlines, Delta for long tarmac delays
American Airlines was fined $1 million and Delta Air Lines Inc $750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday.
Global stocks fall on China weakness, tempered trade hopes
Global equities markets fell on Thursday as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment.
Wall Street flat; strong GDP counters Trump-Kim summit failure
Wall Street’s main indexes went nowhere fast on Thursday with better-than-feared GDP data providing some support to counter the abrupt end to a U.S.-North Korean summit and ongoing concerns about earnings and U.S.-China trade relations.
