Markets

admin September 24, 2018

Michael Kors might be about to snap up Versace. The US handbag maker is close to buying Versace in a deal that values the Italian fashion house at around $2 billion, according to Bloomberg. The deal could be announced as soon as this week. Versace declined to comment. Michael Kors and private equity firm Blackstone, […]

admin September 24, 2018

Click chart for more premarket data. 1. Sky shareholders cheer: A great day for Comcast is turning into an even better one for Sky shareholders. The American cable giant outbid 21st Century Fox (FOX) and its powerful backer, Disney (DIS), on Saturday in an auction for control of the European pay-TV broadcaster. Comcast’s (CMCSA) final […]

admin September 24, 2018

Gap is stretching into athleisure for men. Hill City, a line of men’s athletic wear to go along with the company’s Athleta brand for women, will go on sale in October. The line consists of lightweight stretch pants, puffer jackets and premium shorts meant to be worn from “working out to work to weekend.” Hill […]

admin September 24, 2018

Canadian cannabis stock Tilray has, to put it mildly, been on a strange trip. Tilray’s moves have been wackier than anything Harold and Kumar experienced on their trip to White Castle or Seth Rogen and James Franco’s adventures in “Pineapple Express.” Shares of Tilray (TLRY) have shot up nearly 50% in the past week, surging […]

admin September 23, 2018

General Electric’s power problems just got worse, and the iconic company’s comeback efforts now look even more precarious. GE Power, the most troubled part of the slumping conglomerate, confirmed on Thursday that one of its gas turbines recently suffered a glitch at a Texas power plant. The failure was serious enough that Exelon (EXC) said […]

admin September 23, 2018

1. The next debt crisis: There’s a $6.3 trillion elephant in the room. And it just might cause the next recession. The last downturn was triggered by Wall Street and Americans accumulating too much debt — particularly in the sizzling housing market. A decade later, it’s Corporate America borrowing with gusto. Egged on by extremely […]

admin September 23, 2018

Procter & Gamble, the maker of familiar brands like Tide, Pampers, Gillette and Bounty, has been knocked around the past few years by lackluster sales and new competitors. Its latest headache is President Donald Trump’s trade war with China. For P&G, the Trump administration’s latest round of tariffs on Chinese imports will raise the cost […]

admin September 22, 2018

One of India’s most prominent bankers is being forced out of his job after more than 14 years. Yes Bank announced Friday that India’s central bank had ordered its founder and CEO Rana Kapoor to step down in January 2019. Its shares crashed nearly 30%, wiping around $3 billion off the bank’s market value. Kapoor’s […]

admin September 22, 2018

Google employees last year considered displaying pro-immigration information when people searched terms related to the Trump administration’s controversial travel ban. In emails obtained by The Wall Street Journal, employees suggested ways to show different results for “Islam,” “Muslim,” terms related to “Mexico,” “HIspanic” and “Latino,” and terms that the search algorithm deemed prejudiced or Islamophobic. […]

admin September 22, 2018

The world’s most popular service for live-streaming video games may have just lost a big potential market. Twitch, which is owned by Amazon (AMZN), is no longer accessible to users inside China. It has also disappeared from Apple’s (AAPL) iOS App Store in China. A spokesman for Twitch confirmed Friday that the service, which lets […]