(Reuters) – Albertsons Cos Inc ACI.N saw its shares drop in its debut on the New York Stock Exchange on Friday, a day after the US supermarket operator cut its initial public offering to $ 800 million. FILE PHOTO: Customers walk out of an Albertsons grocery store with their purchases …
Read More »Stock market gains despite coronavirus spread, disappointing unemployment claims
Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Macy’s Accelerates Cost Reduction With Plans To Lay 3,900
Text size Justin Sullivan / Getty Images Macy’s said Thursday it planned to fire at least 3,900 workers in an effort to cut costs. The troubled retailer says the job cuts are part of a restructuring that it hopes to save $ 365 million in costs this year and $ …
Read More »The Pentagon publishes a list of companies linked to the Chinese army
The Pentagon released a list of 20 companies that it claims are owned or controlled by the Chinese Communist Army and operate in the US. The US, including tech giant Huawei, according to a report. The list, sent to lawmakers in a letter dated June 24, includes “entities that are …
Read More »Apple, other US products from China held in Indian ports: sources
NEW DELHI (Reuters) – Products from Apple, Cisco and Dell are among the products of US companies caught in India’s border tensions with China, as Indian ports halt imports from China, two sources said on Wednesday. to Reuters. FILE PHOTO: The logo of the American technology company Apple is seen …
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