McDonald’s props up Dow; financial, tech stocks slip
(Reuters) – Gains in McDonald’s propped up the Dow in late morning trading on Thursday, while losses in financial and technology stocks pressured the other two major Wall Street indexes.
Accenture acquisitions working, U.S. worries persist
(Reuters) – Accenture Plc’s bets on digital and cloud service businesses are paying off, the consulting and outsourcing giant’s results showed on Thursday, although it again warned of problems from political wrangling over Obamacare.
Roku connects with investors in debut, shares up 16.6 percent
(Reuters) – Shares of Roku Inc , a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm.
Wall Street opens lower after economic data
(Reuters) – U.S. stocks opened slightly lower on Thursday after data showed Hurricanes Harvey and Irma continued to hurt the labor market and could slow the pace of economic growth in the third quarter.
U.S. second-quarter economic growth revised higher; jobless claims rise
WASHINGTON (Reuters) – The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years, but the momentum probably slowed in the third quarter as Hurricanes Harvey and Irma temporari…
Chevron taps Mike Wirth to be next CEO as Watson retires
HOUSTON (Reuters) – Chevron Corp CVX.N Vice Chairman Mike Wirth will become chief executive next February, replacing the retiring John Watson, the oil and natural gas producer said on Thursday.
McDonald faces tough task to look good in M&S fashion
LONDON (Reuters) – Jill McDonald picks up something of a poisoned chalice when she starts as boss of clothing at Marks & Spencer on Monday, with little room to maneuver as she tackles one of the biggest jobs in British retailing on her first foray into fashion.
A little help from ‘Mr Bags’? Prada plays catch-up online in China
BEIJING/MILAN (Reuters) – At Prada’s Spring/Summer 2018 show in Milan last week in a warehouse papered with giant pop-art comic strips, one name in the coveted front row stood out: Tao Liang, otherwise known as Chinese blogger ‘Mr Bags’.
Mitsubishi recalls 63,154 cars in Russia: Russian watchdog
MOSCOW (Reuters) – Russia’s standards watchdog Rosstandart said on Thursday it had been informed Japanese automaker Mitsubishi Motors Corp was recalling 63,154 Galant and Pajero cars sold in Russia between November 2006 and February 2016.
Britain’s May fires warning to Boeing over Bombardier trade dispute
LONDON (Reuters) – Prime Minister Theresa May told U.S. planemaker Boeing on Thursday that its behaviour in a trade dispute with Canada’s Bombardier was undermining its commercial relationship with Britain.
