Factbox: High-profile corporate chieftain’s divorces
Amazon founder Jeff Bezos, the world’s richest man, and his wife MacKenzie, who announced on Wednesday that they are divorcing, are the latest of a long line of rich and powerful couples whose marriages came to a public end, often with a hefty price t…
Investors question Amazon’s future after Bezos announces divorce
Amazon.com Inc shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans.
Macy’s cuts profit, sales forecast after weak holiday season
Macy’s Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector.
VW seeks damages from ex-managers for emissions scandal: report
Volkswagen is seeking damages from former managers, who were dismissed for their roles in the diesel emissions scandal that has cost the German automaker as much as $30 billion, the Handelsblatt newspaper reported on Thursday.
Sen. Sanders, Rep. Cummings introduce bill to lower U.S. drug prices
U.S. Senator Bernie Sanders and Representative Elijah Cummings introduced legislation on Thursday aimed at lowering the cost of prescription drugs for American consumers, critiquing President Donald Trump administration’s efforts to curb medicine price…
Pacific trade deal spurs Canadian farm sales to Japan as U.S. watches
At the Canadian embassy in Tokyo last month, beef promoters flew in a chef from Canada to cook New York strip steaks for hungry Japanese importers and restaurant suppliers.
Wall St. flat after four-day surge as retailers, trade talks disappoint
U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy’s Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing.
Macy’s shares sink after it trims full-year sales forecast
Macy’s Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl’s Corp disappointed investors, signaling retailers’ continued struggle to keep up with a shift towards online shopping.
Starboard building stake in MGM Resorts: sources
Activist hedge fund Starboard Value LP is building a stake in MGM Resorts , two people familiar with the matter said on Thursday, as the U.S. hotel and casino operator comes under investor scrutiny over its profit targets.
American Airlines shares fall on dour fourth quarter expectations, weigh on sector
American Airlines shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global economic growth is hurting business travel.
