Business

PVH Corp (PVH.N) reported a surprise quarterly profit on Wednesday, as the apparel retailer benefited from strong demand for comfortable and casual clothing during the coronavirus-led shift to work from home, sending its shares up over 4%.…
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United Airlines (UAL.O) said on Wednesday it is preparing to furlough 16,370 workers when federal aid expires on Oct. 1 as the coronavirus pandemic continues to devastate the airline industry, though one union said many more people will be…
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The S&P 500 closed higher on Wednesday for the ninth time in the past 10 sessions, with defensive and value stocks taking their turns to lead the gains after data showed U.S. private payrolls expanded last month, but at a much slower…
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TikTok’s prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app’s U.S. operations without key software, after Beijing stalled a deal which could be worth $30…
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Tesla Inc shares fell as much as 15% on Wednesday, extending previous session’s losses after the electric-car maker announced a $5 billion stock offering that was aimed at cashing in on Wall Street’s heightened interest. After a nearly…
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House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide. "House prices have now reversed the losses recorded in May and June and are at a new…
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Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrank 7% in the April-to-June quarter compared to the previous three…
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Samsung heir Lee Jae-yong is facing fresh charges of over his role in a 2015 merger deal at the tech giant. South Korean prosecutors accused Lee, 52, of using stock and accounting fraud to try to gain control of the Samsung Group -…
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American vaccine developer Novavax announced Monday that it’s reached an agreement in principle with Canada to supply 76 million doses of its experimental coronavirus vaccine to the country. The company said it expects to finalize an…
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Watch United Airlines CEO Scott Kirby walk through the company’s O’Hare airport hub and two things jump out. First, there are so few customers in the terminal that Kirby calls it “surreal” to see one of the world’s busiest…
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