Penney adopts poison pill to ward off any coercive takeover
(Reuters) – J.C. Penney Co Inc on Thursday said it had adopted a one-year stockholder rights plan to protect itself against any future coercive takeover efforts.
U.S. factory activity increases in August: Markit
NEW YORK (Reuters) – U.S. manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report showed on Thursday.
Abercrombie & Fitch same-store sales plummet, outlook weak
(Reuters) – Abercrombie & Fitch Co reported comparable sales and profit far below Wall Street expectations on Thursday, blaming a drop in store visits by shoppers, and the teen retailer said business will decline even more during the current back-to-school quarter.
Analysis: Rising returns give U.S. public pension funds chance to reform
(Reuters) – Many U.S. public pension funds are benefiting from double-digit annual returns in fiscal 2013 that are giving them breathing space to try to implement reforms and fix gaping deficits.
Emerging markets selloff intensifies after Fed, data lifts Europe shares
LONDON (Reuters) – The rout in emerging markets gathered pace on Thursday after a sharp spike in U.S. debt yields lifted borrowing costs globally, and upbeat business reports from China and Europe encouraged a shift into more advanced economies.
Emerging market sell-off worsens, more pain ahead
LONDON (Reuters) – Heavy selling engulfed emerging markets again on Thursday with more currencies falling prey to fears of higher global borrowing costs and a reduction in cheap cash supplies from the United States.
Mitsubishi Aircraft delays regional jet delivery to 2017
TOKYO (Reuters) – Mitsubishi Aircraft Corp, a unit of Mitsubishi Heavy Industries Ltd , said on Thursday it would delay the initial delivery of its regional jet to the second-quarter of 2017 to ensure the company can meet Japanese safety regulations.
Exclusive: China’s banks to take next step in rate reform push – sources
BEIJING/HONG KONG (Reuters) – China’s top banks are expected to win approval for the issuance of tens of billions of yuan in negotiable certificates of deposit (NCD) as early as next month, in another step towards developing market-determined interest …
Euro zone private sector growth beats forecasts in August: PMIs
LONDON (Reuters) – Business activity across the euro zone has picked up this month at a faster pace than expected, surveys showed on Thursday, led by Germany as it benefited from growing demand for its exports.
French business slump deepens in August, points to contraction: PMI
PARIS (Reuters) – France’s business slump deepened in August for the first time in five months, a business survey showed on Thursday, suggesting the economy may be shrinking after a bigger-than-expected rebound in the second quarter.
