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Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss
The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.
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Former Abercrombie CEO Mike Jeffries Is Arrested, Charged in Sex-Trafficking Case
Jeffries was charged with running an international sex-trafficking ring while he was Abercrombie’s CEO, according to a federal indictment that lists 15 John Doe victims.
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Basic Materials Roundup: Market Talk
Read about Anglo American, BHP, Iluka and more in the latest Market Talks covering Basic Materials.
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Financial Services Roundup: Market Talk
Find insight on HSBC, Munich Re and more in the latest Market Talks covering financial services.
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Auto & Transport Roundup: Market Talk
Fina insights into Polaris, TFI International , General Motors and more in the latest Market Talks covering the Auto and Transport sector.
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Trump tax plans could exempt 93 million Americans from income taxes
Even if Donald Trump wins the November election against Vice President Kamala Harris, his tax overhaul will require a friendly House of Representatives.
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Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year
Former Morgan Stanley CEO James Gorman will replace Nike Executive Chairman Mark Parker as chairman in January.