 | | | | Gap Inc said on Thursday it would separate its Old Navy brand into a publicly traded company, to focus on its struggling namesake apparel business, sending its shares up 18 percent. | | | | | | Wall Street's main indexes fell slightly on Thursday as support from better-than-feared U.S. GDP data was countered by concerns about earnings and U.S.-China trade relations. | | | | | | Huawei Technologies ran a full page ad in major U.S. newspapers on Thursday urging readers not to believe "everything you hear," about the Chinese tech firm, as it defends itself against government accusations its equipment can be used to spy. | | | | | | Huawei Device Co Ltd and Huawei Device USA Inc pleaded not guilty to U.S. fraud, trade secrets conspiracy and other charges, and a trial date was set for March 2020, the Justice Department said on Thursday. | | | | | | Global equities markets fell on Thursday as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment. | | | | | | Tesla Inc halted https://www.tesla.com/soon orders for all its cars on its website on Thursday, ahead of a scheduled announcement from the electric carmaker's Chief Executive Officer Elon Musk. | | | | | | Activist hedge fund Starboard Value LP followed Bristol-Myers Squibb Co's second-largest investor, Wellington Management, in opposing the drugmaker's $74 billion purchase of biotech Celgene Corp on Thursday, sowing further doubt on would be the largest pharmaceutical acquisition of all time. | | | | | | American Airlines was fined $1 million and Delta Air Lines Inc $750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday. | | | | | | The U.S. economy fell short of the Trump administration's 3 percent annual growth target in 2018 despite $1.5 trillion in tax cuts and a government spending blitz, and economists say growth will only slow from here. | | | | | | Appaloosa LP said on Thursday investor John Chevedden was backing the hedge fund's proposal to split the roles of chairman and chief executive officer at Botox-maker Allergan Plc. | | | | | | U.S. President Donald Trump on Thursday warned he could walk away from a trade deal with China if it were not good enough, even as his economic advisers touted "fantastic" progress toward an agreement to end a dispute with the Asian country. | | | | | |
