Gap Inc reported a surprise rise in quarterly comparable sales on Tuesday, powered by online demand for its Athleta athleisure wear and Old Navy affordable apparel from stuck-at-home customers.
REUTERS: American Eagle Outfitters Inc said third-quarter revenue fell about 3per cent on Tuesday, as store traffic slumped due to the COVID-19 pandemic. Total revenue fell to US$1.03 billion in the quarter ended Oct. 31, from US$1.07 billion a year earlier. Net income attributable to the company ...
The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.
Home Depot Inc has reached a US$17.5 million settlement with most U.S. states to resolve an investigation into a 2014 data breach that compromised payment card information of approximately 40 million consumers, authorities said on Tuesday.
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.
The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15per cent of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.
Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker's role in the U.S. opioid crisis.
Enel's head said on Tuesday it could be the right time for the Italian utility to exit broadband operator Open Fiber as an offer by Australian fund Macquarie gives the group a big opportunity to monetise its investment.
The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.
Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally.
