Kraft Heinz sees ‘step backwards’ in 2019, gets SEC subpoena
Kraft Heinz Co reported disappointing quarterly results, including a $15 billion charge related to the value of its marquee Kraft and Oscar Mayer trade marks, and said it had received a subpoena from the U.S. Securities and Exchange Commission about it…
GM CEO will not appear before Canada legislators on plant closure
General Motors Co Chief Executive Mary Barra will not come before Canadian legislators to answer questions about the automaker’s future in the country, but lower-ranking executives will appear, a lawmaker said on Thursday.
Former Enron CEO Jeffrey Skilling released from federal custody
Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the company’s spectacular collapse, has been released from federal custody, the Houston Chronicle reported on Thursday.
U.S. carriers compete for new slots at Tokyo’s Haneda airport
The top three U.S. carriers announced bids for new slots at Tokyo’s Haneda International Airport on Thursday as part of a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Wall St. breaks run of gains as economic data disappoints
Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum.
Ford probing possible problems with fuel economy, emissions tests
Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers.
Pinterest confidentially files for IPO: WSJ
Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
U.S. stocks sag on poor economic outlook; oil, gold slip
Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
Weak economic data weigh on Wall Street
Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum.
Puma goes up-market with joint collection with Porsche
Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories brand owned by the German car company, tapping into demand for premium products just as luxury labels are moving into the market for sportswear.
