Abercrombie & Fitch beat the Street with soaring fourth-quarter profits, but the teen apparel maker issued a cautious outlook and disclosed plans to shutter up to 50 U.S. stores.
Abercrombie & Fitch beat the Street with soaring fourth-quarter profits, but the teen apparel maker issued a cautious outlook and disclosed plans to shutter up to 50 U.S. stores.
Ride-share service Lyft raises $60 million from venture capital firmComments OffRide-sharing service Lyft said it had raised $60 million from venture-capital firm Andreessen Horowitz, underscoring the growing appeal of services that tap into consumers’ willingness to share goods and services for a fee. |
MARKET SNAPSHOT: U.S. Stocks Shake Off Worst Of Drop; H-P RalliesComments OffU.S. stocks fluctuated between small gains and losses on Thursday after Japanese equities dived overnight, as global markets reacted to weak Chinese manufacturing data and worries about the Federal Reserve potentially tapering its bond-buying program. |
ISS Employee Leaked Proxy Votes, SEC SaysComments OffInstitutional Shareholder Services Inc., a proxy advisory firm that advises investors on corporate governance matters, agreed to pay a $300,000 penalty to settle charges that an employee leaked confidential information on proxy votes for roughly five y… |
Netherlands Confirms Plan to Sell Urenco StakeComments OffThe Netherlands Thursday confirmed it plans to divest its 33% stake in Urenco Ltd., clearing the way for the sale of the world’s second-largest nuclear fuel maker. |
Glencore says Iran metals swap deals did not violate sanctionsComments OffSwiss-based commodities giant Glencore Xstrata said on Thursday that it had done nothing wrong when it engaged in metal swaps with Iran, rejecting a suggestion by U. |
