American Apparel sees bright future after bankruptcy
WILMINGTON, Del (Reuters) – If American Apparel gets the bankruptcy turnaround it envisions, the fashion chain will soon have its most profitable years ever, according to court documents filed on Thursday.
Goldman profit plunges as market turmoil hits bond trading
(Reuters) – Goldman Sachs Group Inc’s profit plunged 38 percent, its second straight quarterly drop, depressed by a steep decline in bond trading revenue triggered by concern about global growth.
Exclusive: Canada railroads cut crude freight rates to lure shipments
CALGARY, Alberta/NEW YORK (Reuters) – Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are seeing…
McDonald’s close to decision on structure of U.S. real estate: WSJ
(Reuters) – McDonald’s Corp is close to deciding what, if anything, to do with its massive U.S. real estate holdings, the Wall Street Journal reported on Thursday.
The skew view – the latest signal of stock-market doom?
NEW YORK (Reuters) – Wall Street is forever on the lookout for ever more exotic indicators of impending doom for the stock market, and the latest measure to catch eyeballs is the CBOE Skew index which recently flashed panic signals like never before.
U.S. fiscal year budget deficit narrows to $439 billion
WASHINGTON (Reuters) – The U.S. budget deficit narrowed to $439 billion in fiscal 2015, the lowest level since 2008, as the economy continued to recover from the financial crisis and revenue growth outpaced a rise in spending, the Treasury Department s…
Lockheed to cut 250 jobs in missile, fire control business
WASHINGTON (Reuters) – Lockheed Martin Corp on Thursday said it plans to cut 250 jobs in its Missiles and Fire Control business by late November as part of an overall “belt tightening” drive.
Citigroup profit soars as lower costs trump revenue fall
(Reuters) – Citigroup Inc reported a 51 percent jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a U.S. interest rate hike.
Starbucks in talks to bring brand to Italy: source
MILAN (Reuters) – Starbucks Corp , the world’s biggest coffee chain, is in talks with an Italian partner to open branches in Italy, one of the few major markets where it has yet to make an entrance, a source familiar with the matter said on Thursday.
U.S. December rate hike still on the table but conviction wavering: Reuters poll
WASHINGTON (Reuters) – The Federal Reserve is still expected to raise U.S. interest rates in December but signs the labor market may be in a soft patch have dented confidence the central bank will pull the trigger, according to a Reuters poll.
