(Reuters) – Department store operator Kohl’s Corp (KSS) reported its first increase in comparable-store sales in seven quarters, helped by higher traffic and strong back-to-school sales. Continue Reading Below Sales at stores open at least 12 months increased by a marginal 0.1 percent, compared with the 0.7 percent decline expected […]
FOX Business News
Vatican to stop selling cigarettes
VATICAN CITY (AP) — Pope Francis is saying “Just Say No” to cigarettes. Continue Reading Below The Vatican announced Thursday that it would no longer sell cigarettes to employees in its duty free shop and supermarket — giving up an estimated 10 million euros ($11 million) a year in profits. […]
Opel, Vauxhall seek to avoid forced layoffs in turnaround
BERLIN – European automakers Opel and Vauxhall said Thursday they want to hold onto all of their current manufacturing sites and avoid forced layoffs as part of a turnaround plan under French owner PSA Group. Continue Reading Below Speaking 100 days after General Motors sold Germany-based Opel and Britain’s Vauxhall […]
Siemens profit grows, but its power and gas unit suffers
BERLIN – Industrial conglomerate Siemens says its net profit rose 10 percent in the July-September period from a year earlier on a healthy increase in orders, but earnings at its power and gas unit dropped sharply. Continue Reading Below Munich-based Siemens said Thursday it earned 1.29 billion euros ($1.5 billion) […]
Alaska signs gas pipeline project deal with China
ANCHORAGE, Alaska – The state of Alaska took a major step toward realizing a long-sought pipeline to move natural gas from the North Slope to Asia, siding with interests from China after major oil companies stepped back from the project. Continue Reading Below The agreement Alaska Gov. Bill Walker signed […]
Brexit talks resume amid warnings of timing running out
BRUSSELS – The European Union is resuming negotiations with Britain on its departure from the 28-nation bloc amid more warnings that time is running out to reach an agreement before Brexit in March 2019. Continue Reading Below Technical talks get underway on Thursday, as the sides look to move forward […]
Burberry profits rise as it prepares for designer’s exit
LONDON – Luxury goods maker Burberry says it will place greater emphasis on the American market as it prepares for the departure of designer Christopher Bailey. Continue Reading Below The announcement came as Burberry said net income rose to 93 million pounds ($122 million) in the six months ended Sept. […]
GOP sees political fortunes rise and fall with tax cuts
WASHINGTON – It’s an article of faith among Republicans — reinforced by the party’s drubbing in this week’s off-year elections in Virginia and New Jersey — that the GOP’s electoral fortunes next year hinge on whether they succeed in their longstanding dream to redraft the nation’s complex, inefficient tax code. […]
The Latest: Alaska House speaker hails pipeline agreement
ANCHORAGE, Alaska – The Latest on the agreement between Alaska and interests in China to advance a natural gas pipeline project (all times local): Continue Reading Below 9:50 p.m. The speaker of Alaska’s House of Representatives is hailing an agreement between the state of Alaska and petrochemical and banking leaders […]
Asia shares mixed as investors watch Trump’s China visit
HONG KONG – Asian shares were mixed Thursday as Japan’s stock benchmark failed to sustain a strong rally and investors monitored President Donald Trump’s visit to Beijing. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index surged as much as 2 percent to its highest in more than a […]