U.S. factory activity contracted in August for the first time in three years to its lowest point since January 2016. (WSJ)
A downgraded Hurricane Dorian began whipping Florida after carving a slow, erratic path across the Atlantic (WSJ)
The dollar reached its strongest level in over two years. (WSJ)
FedEx Corp. faces another investigation in China, this time over suspicions it illegally shipped a parcel containing knives to Hong Kong. (WSJ)
CNH Industrial NV is investing $250 million in Nikola Motor Corp. in a Series D funding round for the alternative-power truck maker. (MarketWatch)
The United Auto Workers union will turn to General Motors Co. first as it negotiates new labor contracts. (WSJ)
Walmart Inc. will stop selling ammunition for assault-style rifles and handguns. (WSJ)
Tyson Foods Inc. cut its 2019 outlook in part on commodity market volatility. (WSJ)
Apple Inc. plans to launch a lower-cost iPhone next spring to win customers in emerging markets. (Nikkei Asian Review)
Apparel company PVH Corp. is accelerating its shift of manufacturing from China to other countries. (Sourcing Journal)
Hudson's Bay Co. will close its 15 department stores in the Netherlands this year. (DutchNews)
China Cosco Shipping Corp. says it has no interest in buying ships with capacity for 25,000 20-foot containers. (Lloyd’s List)
China’s Cosco Shipping Ports took a 40% stake in the Vado Gateway terminal in Italy run by the A.P. Moller-Maersk A/S’s port-operating unit. (Port Technology)
German regulators issued a European operating license to freight airline CargoLogic Germany. (Air Cargo News)
Canadian National Railway Ltd. is buying 220 miles of track between Quebec and Woodard, N.Y., from CSX Corp. (DC Velocity)
|