J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Wall Street's main indexes hit fresh record highs on Friday, led by gains in technology stocks as upbeat comments related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline's chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday.
Volkswagen Chief Executive Herbert Diess on Friday said the German carmaker has no plans to cooperate with start-up electric carmaker Tesla .
Asset managers including T. Rowe Price, Natixis and Fidelity have won the preliminary regulatory approval to launch non-transparent ETFs.
Amazon.com Inc said on Thursday it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process.
Mexico's president Andres Manuel Lopez Obrador on Friday welcomed remarks by U.S. House Speaker Nancy Pelosi that U.S. legislators were making progress in the ratification of the United States-Mexico-Canada Agreement (USMCA) trade deal.
Wall Street's main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
Manuel Romo has been appointed Chief Executive of Citigroup's Mexican operation Citibanamex with immediate effect, the Mexican unit said in a statement on Friday.
Volkswagen on Friday installed former BMW executive Markus Duesmann to reinvent Audi after the German premium brand lost key engineering know-how and influence in the wake of the 2015 diesel-cheating scandal.
Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite.
When I signed up to join a trial run of the world's longest commercial flight, I expected an exercise in endurance but not steak for breakfast and a physical work-out regime.
WeWork is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) over whether it violated financial rules in the run-up to its canceled initial public offering, Bloomberg reported on Friday, citing two people with knowledge of the matter.
The Atlanta Fed's GDPNow says growth is likely to come in at 0.3%. The New York Fed's GDP Nowcast is showing a gain of 0.4%.