Alibaba misses revenue estimate, approves cloud unit spinoff
(Reuters) – China’s Alibaba (NYSE:BABA) Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday…
TuSimple to restructure US business, lay off 30% staff
(Reuters) – TuSimple Holdings Inc said on Thursday it will cut 30% of its workforce in the United States under…
Regency Centers to buy Urstadt Biddle Properties in $1.4 billion deal
(Reuters) – Shopping mall operator Regency Centers (NASDAQ:REG) Corp said on Thursday it has agreed to buy Urstadt Biddle Properties…
Brokerage Charles Schwab joins corporate debt rush with $2.5 billion offering
(Reuters) – Charles Schwab Corp is looking to raise up to $2.5 billion through a debt offering, the brokerage said…
General Electric CFO Dybeck Happe to step down
(Reuters) – General Electric (NYSE:GE) Co said on Thursday Carolina Dybeck Happe would step down as finance chief of the industrial giant,…
Canada Goose sees annual sales above estimates on China rebound
(Reuters) – Canada Goose Holdings (NYSE:GOOS) Inc forecast annual sales above Wall Street estimates on Thursday, betting on a sharp…
Grab beats quarterly revenue estimates
(Reuters) – Grab Holdings Ltd beat first-quarter revenue estimates on Thursday, driven by growth in its core rideshare and food-delivery…
Bath & Body Works beats quarterly profit estimates on higher prices
(Reuters) – Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures…
Apparel makers in cyclone-hit Bangladesh consider rare, expensive airlifts for exports
(Reuters) – Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as…
German carmakers call for post-Brexit rules to be postponed
(Reuters) – Germany’s powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says…