Abercrombie & Fitch Co on Wednesday beat analysts’ estimates for fourth-quarter revenue on strong demand for its apparel brands in the critical holiday shopping season.
High levels of cancer-causing chemical benzene were detected in some acne treatments of brands including Estee Lauder’s Clinique and Target’s Up & Up, independent U.S. laboratory Valisure said on Wednesday.
Campbell Soup edged past market estimates for quarterly sales and profit on Wednesday and stuck to its annual forecasts, helped by steady demand for branded, ready-to-eat meals and strength in its food service business.
Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.
Italian tyre-maker Pirelli said on Wednesday its operating profit rose slightly last year, as pricing power and product mix helped offset effects of higher inflation and raw material costs.
A strong U.S. dollar will maintain the status quo in the near term, as markets brace for a risk the Federal Reserve’s first interest rate cut gets delayed to the second half of this year, according to a Reuters poll of foreign exchange strategists.
U.S. officials have earmarked close to $30 billion in subsidies for advanced semiconductor manufacturing, aiming to bring cutting-edge artificial-intelligence chip development and manufacturing to American soil.
Apple has modified some of its proposals to comply with landmark EU tech rules after criticism from app developers, including dropping a demand that those who want to create alternative app marketplaces must have a stand-by letter of credit.
U.S. regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule that has drawn aggressive pushback from Wall Street, said eight industry executives in regular contact with the agencies and regulatory officials.
Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.
