Tribune Media files suit, terminates Sinclair merger deal
Tribune Media Co said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group and was suing Sinclair for breach of contract, after regulators objected to the acquisition that was supported by U.S. President Donald…
J.C. Penney eyes Babies ‘R’ Us customers with addition of more baby products
J.C. Penney Co Inc will stock more baby products at outlets in the vicinity of stores shut by Babies ‘R’ Us’, taking advantage of the recent collapse of parent Toys ‘R’ Us.
Global trade losing momentum in third quarter, WTO indicator shows
Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite.
Wall St. set to open higher; S&P flirts with record high
U.S. stocks were set to open slightly higher on Thursday, with the S&P 500 aiming at a fresh record as strong earnings helped weather the impact of trade tensions.
Maersk, IBM say 94 organizations have joined blockchain trade platform
Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.
L’Oreal adds to Facebook sales push with virtual make-up tests
Maybelline parent L’Oreal is pairing up with Facebook to roll out virtual tests for shoppers to see how they might look with different lipsticks or eye shadows, adding to its push to drive more sales online and through social media networks.
U.S. sanctions whack Russia’s rouble, Turkey’s lira free-falls
Alarm bells were ringing on Thursday as new U.S. sanctions drove down Russia’s rouble and worries that Turkey was sliding toward a full-blown economic crisis battered the lira.
Futures edge higher; S&P flirting with record high
U.S. stock index futures ticked higher on Thursday, with the S&P 500 aiming at a fresh record, as the second-quarter earnings season winds down on a strong note.
The ‘Friends’ trend: ’90s fashion revival for back-to-school season
Urban Outfitters Inc , American Eagle Outfitters Inc and other retailers are filling stores with styles from the 1990s in a bet that fanny packs, chunky-soled sneakers and high-waisted “mom jeans” will lift back-to-school sales.
Viacom reports revenue below estimates on weak advertising sales
Viacom Inc reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors.
