Chinese trade data calms volatile global markets

NEW YORK (Reuters) – Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback. Investors were encouraged by data showing Chinese exports rose 3.3% in July from a year earlier, beating an expected decline of 2%. […]

Salesforce to buy Israel's ClickSoftware for $1.35 billion

The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid JERUSALEM (Reuters) – U.S. cloud-based service provider Salesforce (CRM.N) said it signed a definitive agreement to acquire Israeli software developer ClickSoftware for $1.35 billion in cash and shares. Salesforce said adding ClickSoftware, which makes […]

Fox Corp beats profit estimates on higher affiliate fees

FILE PHOTO: Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 11, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Media company Fox Corp (FOXA.O) beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from […]

Oil sets new seven-month low on trade tensions

LONDON (Reuters) – Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures LCOc1 were down […]

Walgreens to close about 200 stores in United States

FILE PHOTO: A customer walks out of a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Tuesday it plans to close about 200 U.S. stores and expects to record related pre-tax charges of between $1.9 billion and $2.4 billion. The Deerfield, Illinois-based […]