Apparel retailer Gap calls off plan to spin-off Old Navy
Apparel retailer Gap Inc on Thursday called off a plan to spin-off its Old Navy brand due to weak business performance, costs and the complexity of...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Alphabet public market capitalization tops $1 trillion
The public market capitalization of Google parent Alphabet topped the $1 trillion mark shortly before the close of trading on Thursday, making it the fourth S&P...
U.S. retail sales rise steadily; weekly jobless claims fall
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of...
Morgan Stanley shares jump 7% after massive beat on fourth-quarter profit
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
Oil steadies as IEA's forecast overshadows U.S.-China deal
Oil steadied on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but gains were capped...
Burger King makes Impossible Whopper cheaper by inclusion in value menu
Burger King said on Thursday it would add its plant-based Impossible Whopper sandwich to its popular 2 items for $6 promotion, a sign that fast-food chains...
BNY Mellon profit falls short on lower interest rates
Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets...
Volkswagen CEO says carmaker faces same fate as Nokia without urgent reforms
Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the...
During Bezos visit, India minister says Amazon's $1 billion investment is no big favour
Amazon hasn't done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S....
Morgan Stanley shares soar after Gorman boosts performance targets
Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic...
Hot data keeps stocks up after trade deal
World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.
Wall St set for fresh highs on trade deal, Morgan Stanley earnings
U.S. stocks were poised to open at record highs on Thursday, after the United States and China signed an initial trade agreement and Morgan Stanley wrapped...
Southwest extends 737 MAX cancellations through June 6
Southwest Airlines Co said on Thursday it is extending cancellations of Boeing Co 737 MAX flights until June 6, citing the planemaker's decision to recommend pilot...
Facebook is banning deepfake videos
Vox Recode Shirin Ghaffary Jan 7, 2020 Facebook’s new rules will still allow controversial fake videos like the one of Nancy Pelosi that made her appear...
You can still win the Powerball jackpot. But it won't mean $321 million in your bank account
While the odds are stacked against hitting the Powerball jackpot — your chance is about 1 in 302 million — the IRS always gets a hefty...