 | | | | A monthslong bidding race for Kohl's Corp ended on Friday after the department store chain said it was scrapping plans to sell itself to Vitamin Shoppe owner Franchise Group due to the downturn in market conditions. | | | | | | U.S. investors turned net sellers of equity funds in the week ended June 29, as they fretted over the impact of hefty rate increases on the U.S. economy, with data showing a contraction in the first quarter. | | | | | | Department store chain Kohl's Corp said on Friday it was abandoning talks to sell itself to Vitamin Shoppe-owner Franchise Group , blaming a downturn in market conditions. | | | | | | In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. | | | | | | A handful of companies including chipmakers Micron and AMD are signalling an easing in the two-year long global shortage of semiconductor chips as rising inflation and cooling economies squeeze consumer and corporate spending. | | | | | | Moscow Exchange, Russia's largest bourse, on Friday said it planned a legal challenge against European Union sanctions on the National Settlement Depository (NSD) and would seek to protect the interests of Russian investors. | | | | | | Airport workers went on strike at Paris' main international airport Roissy-Charles de Gaulle on Friday, forcing the cancellation of about 10% of flights and bringing more disruption to early summer travel. | | | | | | U.S. mortgage lenders, refinancing companies and real-estate brokers may lay off thousands of employees in the coming months, industry sources said, as many Americans put off buying a home. | | | | | | General Motors Co is poised to outsell Japan's Toyota Motor Corp in the second quarter, even as sales at major automakers in the United States are set to drop as inventory shortages persist, industry analysts say. | | | | | | Global factory growth stalled in June as higher prices and a darker economic outlook left consumers wary of making purchases while China's strict COVID-19 lockdowns and Russia's invasion of Ukraine added to supply chain disruptions, surveys showed. | | | | | |
