North America online sales drive Nike’s quarterly results beat
Nike Inc’s quarterly revenue and profit beat Wall Street estimates on Thursday, as it benefited from selling more items online at full price in North America, sending the shares of the world’s largest footwear maker up 8 percent.
Nasdaq drop leaves it just shy of bear market
The Nasdaq Composite Index , known for its high-profile technology and internet companies, closed no more than a rounding error from bear market territory on Thursday.
GM to respond by January 7 to Canada union efforts to save plant
General Motors Co will respond by Jan. 7 to a Canadian union’s proposals for keeping an Ontario auto assembly plant open, the head of Canada’s largest private sector union said on Thursday.
U.S. bank regulators sign off on ‘living wills’ for foreign banks
U.S. banking regulators announced on Thursday they had signed off on “living wills” for four foreign banks – Barclays , Credit Suisse , Deutsche Bank and UBS – detailing how they could safely be dissolved in a crisis.
Russian tycoon in GAZ sanctions talks; investors get more time
Oleg Deripaska’s team, which secured the lifting of U.S. sanctions on the Russian tycoon’s aluminum and energy businesses, is also working to get them removed from his automaker GAZ , five sources close to the talks said.
Apple changes how it reports U.S. national security requests
Apple Inc on Thursday changed how it reports on U.S. national security requests for user data, bringing its procedures more in line with those of technology rivals such as Microsoft Corp and Alphabet Inc’s Google.
Apple to pull some iPhones in Germany as Qualcomm extends global wins
Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores.
Exclusive: China hacked HPE, IBM and then attacked clients – sources
Hackers working on behalf of China’s Ministry of State Security breached the networks of Hewlett Packard Enterprise Co and IBM, then used the access to hack into their clients’ computers, according to five sources familiar with the attacks.
U.S. senators write to regulators on Robinhood’s botched checking plans
A bipartisan group of U.S. senators sent a letter to regulators on Thursday expressing concern that financial technology startup Robinhood may not be offering full transparency to its customers over the botched launch of its new cash management service…
Oil prices tumble to lowest in more than a year as equities sell off
Oil prices fell about 5 percent on Thursday, hitting their lowest level in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
