The White House is "very optimistic" it will reach a so-called phase one trade pact with China before the end of the year, a senior administration official said on Friday, adding that a deal would likely be struck before more tariffs take effect in mid-December.
Robert Fisher, the son of Gap Inc's founders, took over as interim chief executive officer of the apparel retailer on Thursday, tasked with putting the company on the path to a turnaround and negotiating the planned spin-off of Old Navy.
Shares of Gap Inc fell nearly 10% on Friday, as the surprise departure of Chief Executive Officer Art Peck and persistent declining sales, threw the apparel retailer's planned spin-off of its Old Navy brand into question.
When Hartmut Braune comes to work in security communications at SAP, he never knows what emergency will land in his inbox.
The We Company, owner of office-space sharing company WeWork, disclosed on Friday it will divest all non-core businesses and reduce headcount across its ventures as part of a 90-day plan.
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.
Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company's works council.
Sudan needs up to $5 billion in budget support to avert economic collapse and launch reforms after the ouster of veteran ruler Omar al-Bashir, its finance minister told Reuters.
Hong Kong's Cathay Pacific Airways Ltd said on Friday it would allocate half of its order for 32 Airbus SE A321neos to its recently-acquired low-cost carrier HK Express as it looks to grow in the budget market.
British budget airline easyJet has bought failed travel company Thomas Cook's take-off and landing slots at London Gatwick and Bristol airports for 36 million pounds ($46.13 million), it said on Friday.
Blue Harbour Group is reportedly pressuring Madison Square Garden CEO James Dolan to sell a portion of the New York Knicks and New York Rangers ahead of the planned spinoff.
Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and 0.137 Xerox share for each HP share.
Beyond Meat aims to start production in Asia before the end of next year, as it gets closer to selling its popular plant-based meat products in China, Executive Chairman Seth Goldman told Reuters.
The United States and China have agreed to roll back tariffs as part of the first phase of a trade deal between the world's two biggest economies, a U.S. official confirmed on Thursday.
Teva Pharmaceutical Industries Ltd on Thursday expressed confidence in its ability to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of U.S. opioid lawsuits.