By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point owns more than 6% of Bath & Body Works and is pushing the retail chain to appoint new board members, according to a regulat[...]
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December 8, 2022
S&P 500, Nasdaq snap losing streaks after jobless claims rise
By David French (Reuters) – The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the p[...]
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Lululemon sees downbeat holiday quarter as consumers curb non-essential spending
(Reuters) – Lululemon Athletica forecast current-quarter revenue and profit below Wall Street estimates on Thursday, as shoppers curb spending on higher-priced clothing and accessories due to de[...]
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TSX dips for fifth day as energy shares drag
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index closed slightly lower on Thursday as a drop in oil prices weighed on high-flying energy shares and a senior Bank of Canada off[...]
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Oil falls on weakening demand, shrugs off Keystone closure
By Laila Kearney NEW YORK (Reuters) – Oil settled lower for a fifth straight session on Thursday as traders shrugged off the closure of a major Canada-to-U.S. crude pipeline, focusing instead on[...]
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Carvana shares rebound almost 30%, attracts new watchers on StockTwits
(Reuters) – Shares of Carvana Co rebounded nearly 30% on Thursday, erasing some of the previous day’s deep losses inflicted by worries about the used car seller’s solvency. The surge[...]
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Costco quarterly results miss as demand weakens, costs jump
(Reuters) -Costco Wholesale Corp reported first-quarter results on Thursday that missed analysts’ estimates, with surging inflation pushing consumers to cut back spending and as operating expens[...]
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Cuba and French telecoms operator Orange begin work on subsea cable to Martinique
HAVANA (Reuters) – Cuba said on Thursday it had begun work with French telecoms operator Orange on an underwater cable that will link it to the island of Martinique in a bid to beef up the its c[...]
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United Airlines, Boeing set to announce major 787 order -sources
WASHINGTON (Reuters) – United Airlines plans to announce a major Boeing 787 Dreamliner order next week, two sources briefed on the matter told Reuters. United late on Thursday invited reporters[...]
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