Delta cancels 25 flights, some due to bad weather
(Reuters) – Delta Air Lines Inc said it had canceled about 25 flights on Thursday as operations return to near-normal following a power outage on Monday that hit its computer systems, leading to cancellation of nearly 2,000 flights.
Fed to raise rates this year, likely in Dec after election: Reuters poll
(Reuters) – The U.S. Federal Reserve is likely to raise interest rates in December, after the Nov. 8 presidential election, according to a Reuters poll that also predicted a pickup in economic growth but with still relatively subdued inflation.
U.S. import prices unexpectedly rise in July
WASHINGTON, Aug 11 (Reuters) – U.S. import prices unexpectedly rose in July as a drop in petroleum prices was offset by gains in the cost of other goods, but renewed dollar strength will likely dampen underlying inflation in the coming months.
U.S. import prices unexpectedly rise in July
WASHINGTON, Aug 11 (Reuters) – U.S. import prices unexpectedly rose in July as a drop in petroleum prices was offset by gains in the cost of other goods, but renewed dollar strength will likely dampen underlying inflation in the coming months.
Macy’s to shut 100 stores, invest in online
(Reuters) – Macy’s Inc said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales.
Arianna Huffington to leave Huffington Post
(Reuters) – Huffington Post co-founder Arianna Huffington said on Thursday she would leave the company to focus on running her new venture, health and wellness startup Thrive Global.
Kohl’s quarterly profit beats estimates; shares rise
(Reuters) – Kohl’s Corp reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories.
Alibaba’s revenue beats estimates; mobile revenue soars
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd reported a better-than-expected 59 percent jump in quarterly revenue on Thursday, defying a slowdown in the Chinese economy.
U.S. mutual funds boost own performance with unicorn mark-ups
BOSTON/SAN FRANCISCO (Reuters) – Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market.
Stocks choppy, Kiwi soars after rate cut
LONDON (Reuters) – World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors.
