U.S. manufacturing output fell 0.4% in July from a month earlier. (WSJ)
U.S. retail sales rose 0.7% last month, the strongest reading since March. (WSJ)
The European Central Bank will announce a package of stimulus measures at its next policy meeting in September. (WSJ)
The Bank of Mexico lowered interest rates for the first time in more than five years. (WSJ)
Cathay Pacific Airways Ltd.’s chief executive resigned after backlash over employees’ participation in Hong Kong antigovernment protests. (WSJ)
Gibraltar released an Iranian oil tanker impounded last month amid rising tensions in the Persian Gulf. (WSJ)
Cathay Pacific CEO Rupert Hogg has resigned in the wake of protests in Hong Kong. (BBC)
Walmart Inc. raised its profit outlook as e-commerce sales increased 37% in the quarter. (WSJ)
Alibaba Group Holding Ltd. more than doubled its quarterly profit. (WSJ)
Wall Street analysts have cut their third-quarter profit estimates for S&P 500 companies in recent weeks.
Revlon Inc. hired Goldman Sachs Group Inc. to review strategic alternatives. (WSJ)
J.C. Penney Co. will start selling used clothing as part of a broader turnaround effort. (WSJ)
Plus-size women’s apparel chain Avenue Stores is shutting its 222-store retail operation. (Chain Store Age)
Food-delivery company Postmates Inc. received a permit to test autonomous delivery robots in San Francisco. (San Francisco Chronicle)
Temperature-controlled warehousing provider Americold Realty Trust’s net income fell 83.3% in the second quarter. (The Loadstar)
Auto retailers are sitting on an unusually large number of past-year models in their lots this summer. (WSJ)
Navistar International Corp. is opening a parts distribution center in Memphis, Tenn. (Automotive Logistics)
U.S. freight railroad traffic fell 4.3% for the week ending Aug. 10 compared to the same week last year. (Progressive Railroading)
Sharp Corp. is expanding Indonesian production of hijab-friendly washers and halal refrigerators for the largely Islamic market. (Nikkei Asian Review)
|