Gap cuts profit forecast as demand slows for Old Navy brand
(Reuters) – Apparel retailer Gap Inc cut its full-year earnings forecast as sales at the Gap brand continued to fall and demand for the cheaper Old Navy clothing slowed.
Exclusive: Boeing says it has no plans for long-range 737 MAX
SEATTLE (Reuters) – Boeing Co has no plans to extend the range of its forthcoming 737 MAX 9 jetliner in response to Airbus Group’s move to offer a long-range version of its competing A321 aircraft, a senior Boeing executive said on Thursday.
Takata executive warns about ability to fix deadly air bag flaw
WASHINGTON/DETROIT (Reuters) – An executive from Japan’s Takata Corp told U.S. senators on Thursday that the supplier is urgently trying to ramp up replacement parts for millions of vehicles equipped with potentially deadly air bags, but said it may no…
Gap cuts profit forecast as demand slows for Old Navy brand
(Reuters) – Apparel retailer Gap Inc cut its full-year earnings forecast as sales at the Gap brand continued to fall and demand for the cheaper Old Navy clothing slowed.
U.S. regulator to Chrysler’s Marchionne: get act in gear on Jeep recall
WASHINGTON (Reuters) – U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company “have to get their act in gear” to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.
U.S. Federal Reserve to review how it supervises major banks
WASHINGTON (Reuters) – The U.S. Federal Reserve said on Thursday it has launched a review of how it oversees major banks, calling on its inspector general to help with the probe after a series of critical reports.
Dow, S&P 500 end at records after U.S. data, Intel outlook
NEW YORK (Reuters) – The Dow and S&P 500 finished at record highs on Thursday as data showed further strength in the U.S. economy and Intel gave an upbeat forecast.
GM shuffles top managers, including high-ranking women
DETROIT (Reuters) – General Motors Co reassigned four senior executives, including two high-ranking women, and announced the departure of another on Thursday.
As diners line up, another fast casual chain sizzles on debut
(Reuters) – Shares of Habit Restaurants Inc more than doubled in their trading debut, underscoring the growing appetite among investors for stocks of fast casual restaurant chains – increasingly, the choice of health-conscious diners.
In Senate hot seat, Goldman denies commodity manipulation
WASHINGTON (Reuters) – Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading adva…
