Erdogan, Macron vow to boost economic ties: Turkish presidential source
Turkish President Tayyip Erdogan and French President Emmanuel Macron spoke by phone on Thursday and stressed the importance of developing economic and trade ties and boosting bilateral investment, a Turkish presidential source said.
Wall St. opens higher on upbeat earnings, trade talk hopes
U.S. stocks opened higher on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month.
France backs Canadian for Air France-KLM CEO job as board meets
Air France-KLM was poised to appoint Benjamin Smith as its new chief executive on Thursday, after the French government backed the Air Canada second-in-command over union objections.
J.C. Penney shares dive 25 percent on forecast cut, weak results
Shares of U.S. retail chain J.C. Penney Co Inc sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and posted disappointing results on the back of price cuts across product lines.
Walmart’s U.S. comparable sales rise most in decade, shares soar
Walmart Inc on Thursday reported quarterly earnings and sales that topped estimates, as more shoppers visited its stores and a revamped website drove purchases online, sending its shares soaring more than 11 percent in premarket trade.
Wall St. to open higher on upbeat earnings, trade talk optimism
U.S. stock index futures rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month.
Bayer says can begin integration of Monsanto
Bayer can begin folding Monsanto into its organization as the antitrust-related sale of assets has been completed, fulfilling final requirements by the U.S. Department of Justice, the German drugmaker said on Thursday.
Shares, emerging market currencies steady after mauling
Bruised world shares and emerging market currencies fought to regain their footing on Thursday, after China said it will hold trade talks with the United States later this month and Turkey’s lira continued its recovery run.
Kroger begins tests of driverless grocery delivery in Arizona
U.S. supermarket operator Kroger Co said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry’s Food Store in Scottsdale, Arizona.
J.C. Penney same-store sales miss estimates, shares tumble
J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent.
