NEW YORK (AP) — Macy’s profits and sales slid in the third quarter as the department store had to step up discounts amid a pullback from shoppers stung by inflation. Yet it topped Wall Street expectations and the New York company raised its earnings outlook, in part due to better credit card revenue. Shares rose…
(Reuters) -Crypto exchange Binance’s U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter. The report comes days after crypto exchange FTX, which was set to acquire Voyager’s assets after signing a deal in September, filed for bankruptcy following a liquidity…
A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. Holmes’ sentencing in the same San Jose, California, courtroom where she was convicted on four counts of investor fraud and conspiracy in January marks…
LONDON (AP) — The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security. Nexperia, a Netherlands-based firm owned by China’s Wingtech, announced last year that it had acquired a 100% stake in Newport Wafer Fab, one of Britain’s biggest semiconductor manufacturers. The government said…
SCHIPHOL, Netherlands (AP) — A Dutch court on Thursday convicted three men of murder for their role in shooting down a Malaysia Airlines passenger jet with a Russian surface-to-air missile, killing all 298 people aboard the aircraft as it flew over a separatist-controlled region of eastern Ukraine in 2014. The convictions, along with the life…
LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief Jeremy Hunt unveiled a 55 billion-pound ($65 billion) package of tax increases and spending cuts…
FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added there were no talks currently with German rival Salzgitter about a tie-up. “Consolidation in the steel business is an issue that has been discussed for,…
By Harry Robertson and Tom Westbrook SINGAPORE (Reuters) – The dollar was little changed on Thursday as investors digested mixed U.S. economic data, while the British pound rose ahead of the government’s budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central…
CHISINAU, Moldova (AP) — Massive blackouts that temporarily hit more than a half-dozen cities across Moldova this week highlighted the impact Russia’s war in Ukraine is having on Europe’s poorest country. The power outages happened Tuesday as the Russian military pounded infrastructure targets across Ukraine, which borders Moldova. Less than a week earlier, the European…
ANKARA, Turkey (AP) — Turkish security forces have detained a suspect wanted in connection with the deadly bombing in Istanbul in an operation in a Turkish-controlled area in northwestern Syria, Turkey’s state-run news agency reported. Other suspects detained following the bombing will appear before court officials on Thursday to face possible charges or be released…
