Gap plans to focus on international expansion, closing stores in North America while opening them in Asia.
Add some more private equity bigfeet to the cluster that may be looking to acquire Yahoo: Kohlberg Kravis Roberts and Blackstone Group.
The number of Americans filing new claims for jobless benefits dipped last week and the U.S. trade deficit narrowed slightly in August, signs that point to a slight strengthening in growth.
Taiwan's Foxconn confirmed it will start producing iPads in Brazil in December but is still negotiating a multibillion-dollar expansion plan in the country, senior company and government officials said on Thursday.
Gap Inc is looking to simplify its clothing offerings, dab in more color, and de-clutter its North American namesake stores to help boost sluggish sales at the chain.
The Dow and S&P 500 slipped on Thursday as JPMorgan's earnings and China's soft economic data increased worries about the impact of slower growth on third-quarter profits.
South Africa's rand turned weaker against the dollar in late Johannesburg trade, giving back earlier slight gains as fears of trade wars between China and the United States rattled investors already jumpy over European debt woes.
Resources firms such as Exxaro led South African stocks lower on Thursday as miners took a knock after weak data from China and disappointing earnings from the United States.
Gold fell nearly one percent and silver dropped three percent as precious metals followed the stocks down in a generally gloomy outlook for U.S. and European economies.
Malawi will allow Sudanese President Omar al-Bashir into the country for a regional trade summit starting on Friday and has no plans to arrest him under an International Criminal Court warrant, a senior government official said on Thursday.
Stagnation is probably the best many of the world's biggest developed economies can hope for over the next year, with several facing a significant chance of recession, Reuters polls of around 350 economists showed on Thursday.
U.S. stocks and global risk assets were hit with a worse-than-expected trade report out of China. China reported that September exports rose 17 percent from a year ago and imports increased 21 percent from a year ago.
Rage Against the Machine lead guitarist Tom Morello delighted Occupy Wall Street protestors at Zuccotti Park on Thursday with a rendition of This Land is Your Land.
The controversial artist and activist beat past winners Larry Gagosian and Hans Ulrich.
U.S. stocks fell on Thursday after three days of gains as earnings from JPMorgan and soft economic data from China reinforced worries about a slowing global economy.
The Dow and the S&P 500 fell on Thursday, but the Nasdaq composite index cut its losses to briefly turn positive in midday trading.
The number of Americans filing new claims for jobless benefits was steady last week and the trade deficit narrowed slightly in August, indicating a mild improvement in the economy.
Stocks fell on Thursday after three days of gains as earnings from JPMorgan and soft economic data from China reinforced worries about a slowing global economy.
The trade deficit narrowed marginally in August, but the trade gap with China widened to a record high, the Commerce Department said on Thursday.
U.S. stocks are trading down on Thursday's morning session on disappointing economic data from China and downbeat earnings from banking giant JPMorgan Chase (NYSE:JPM).
New claims for unemployment benefits edged down last week, according to a government report on Thursday that pointed to a modest improvement in the labor market at the start of the fourth quarter.
Carrefour, Europe's biggest retailer, issued its fourth profit warning in as many months on Thursday, adding to signs cash-strapped shoppers are cutting back and increasing doubts about its turnaround plan.
