China’s Unigroup chairman visiting U.S. to discuss Micron bid: sources
WASHINGTON/BEIJING (Reuters) – The chairman of China’s Tsinghua Unigroup traveled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar…
U.S. retailers prod China for lower prices after devaluation
CHICAGO (Reuters) – U.S. retailers including Toys R Us are starting to negotiate with their Chinese suppliers to take advantage of lower manufacturing costs after China devalued the yuan, with many saying they want to be ready if currencies in China an…
China jitters, globalization bode ill for Fed’s inflation goal
JACKSON HOLE, Wyo. (Reuters) – Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve’s carefully scripted policy plans. The turmoil, triggered by a rout in Chinese markets, also flag…
Ackman’s hedge fund down 13.1 percent for August
BOSTON (Reuters) – Hedge fund mogul William Ackman’s Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday.
Wall St. logs biggest two-day gain since financial crisis
(Reuters) – Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.
McDonald’s, Tyson Foods drop farm after videotape shows animal cruelty
LOS ANGELES (Reuters) – McDonald’s Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.
GameStop says new game launches to drive strong second-half growth
(Reuters) – GameStop Corp said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses.
Teen apparel retailer Aeropostale posts loss for eleventh straight quarter
(Reuters) – Teen apparel retailer Aeropostale Inc reported a loss for the 11th straight quarter as it discounted heavily to clear older inventory and closed many unprofitable stores.
McDonald’s, Tyson Foods drop farm after videotape shows animal cruelty
LOS ANGELES (Reuters) – McDonald’s Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.
Wall St. logs biggest two-day gain since financial crisis
(Reuters) – Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.
