Foot Locker (NYSE:FL) is looking to rebound with its second-quarter earnings report on Friday amid months of pressure on company shares due to subpar sales and key partner Nike's (NYSE:NKE) deal to sell sneakers on Amazon (NASDAQ:AMZN).
REUTERS - Indian shares fell on Friday led by Infosys Ltd that plunged after the resignation of Chief Executive Vishal Sikka heightened uncertainty about the IT services provider's future. However, the ...
The dollar fell more than half a percent against the Japanese yen and was on track for its biggest daily loss in more than week on Friday as risk aversion spread through global markets. The greenback fell 0.6 percent against the Japanese yen to below 109 per dollar as world stocks were set for a second day of losses and investors fled to the relative safety of government debt and gold. The single currency crumbled to a six-week low against the yen and was down 0.2 percent on the day at 128.10.
BENGALURU/MUMBAI (Reuters) - Vishal Sikka, the chief executive brought in to turn around India's Infosys three years ago, resigned suddenly on Friday, blaming a "continuous drumbeat of distractions" and a long-running row with founders over the tech firm's strategy. The departure of Sikka, who was the first chief technology officer (CTO) at German software firm SAP , spooked Infosys' investors. U.B. Pravin Rao, Infosys' chief operating officer, was named interim managing director and CEO.
The U.S. Environmental Protection Agency (EPA) said this week that it intends to revisit certain provisions of the Phase 2 greenhouse gas (GHG) emissions and fuel efficiency standards that focus on trailers and glider kits.
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Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures were up 16 cents at $47.25 a barrel, although they were also set to end the week more than 3 percent lower.
Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 16 cents at $47.25 a barrel, although they were also set to end the week more than 3 percent lower.
