Barneys New York Inc's flagship Madison Avenue outlet in Manhattan will remain open for at least another year in a slimmed-down form while the buyer of the luxury retailer's brands negotiates with the store's landlord.
Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iMac computer, iPhone components and other consumer products, according to company filings with the U.S. Trade Representative's Office.
U.S.-China trade talks are progressing well and the United States aims to sign an initial deal this month, top Trump administration officials said on Friday, offering reassurance to global markets after nearly 16 months of tit-for-tat tariffs.
Italy's Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France's automaker PSA , government sources said on Friday.
The U.S. Treasury said on Friday it was giving investors several more months to divest from Russian automaker GAZ , a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia's "malign activity."
AT&T Inc said on Friday it named Seagate Technology Plc chairman Stephen Luczo to its board, days after the second-largest U.S. wireless phone carrier by subscribers announced it would add two new board members.
The U.S. Supreme Court on Friday agreed to hear a challenge to the ability of the Securities and Exchange Commission to recover ill-gotten profits obtained through misconduct in a case from California that could weaken the agency's enforcement power.
Wall Street's main indexes climbed on Friday, as concerns over global growth were allayed by largely upbeat U.S. jobs report and data out of China that showed factory activity expanded at its fastest pace in more than two years.
The United States is disappointed by a World Trade Organization (WTO) decision that China may slap compensatory sanctions on US imports worth US$3.579 billion annually for the US failure to remove anti-dumping duties, a US official said on Friday.
