American Apparel Inc will dismiss 1,500 factory workers who could not prove their U.S. immigration status or rectify problems with their employment records, the Los Angeles Times said on Thursday.
Nomura Holdings cemented its position at the top of the M&A league tables in Japan by bagging a mandate to advise Dainippon Sumitomo Pharma on its $2.6 billion acquisition of U.S. drugmaker Sepracor Inc.
Stock index futures rose on Thursday, ready to snap a four-day losing streak as retailers posted better-than-expected August sales and as investors wait for weekly jobless claims data.
The next few months could see more mergers and acquisitions in the U.S. manufacturing sector as memories of recent market highs fade and some smaller companies find they need financial backing.
U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on the key back-to-school season.
China plans new rules to allow foreign companies to set up local units in the form of a locally registered partnership, in a landmark move to attract investment, a draft proposal seen by Reuters showed on Thursday.
Costco Wholesale Corp on Thursday reported a smaller-than-expected 2 percent fall in August same-store sales, in a sign that the impact of the financial crisis is waning on U.S. consumer spending.
A Faster Recovery?; Airlines' Reality Sinks In; Facing the Music
A monthly gauge of U.S. online labor demand soared in August at its fastest pace in four years, indicating steadier footing for nationwide labor demand, a private research group said on Thursday.
U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.
AIG's new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks -- and all while on holiday at his villa in Croatia looking over the Adriatic.
Oil prices rose above $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
The biggest U.S. Internet service providers urged regulators to adopt a conservative definition of broadband, arguing for minimum speeds that were substantially below many other nations.
Dainippon Sumitomo Pharma Co Ltd agreed on Thursday to buy U.S. drugmaker Sepracor Inc for $2.6 billion, giving the Japanese firm a big, local sales force in the world's largest drugs market.
World stocks ticked higher on Thursday, bolstered by firmer Chinese shares, while the euro gained and the region's government bonds slipped ahead of a European Central Bank monetary policy decision.
Dainippon Sumitomo Pharma Co Ltd agreed on Thursday to buy U.S. drugmaker Sepracor Inc for $2.6 billion, giving the Japanese firm a big, local sales force in the world's largest drugs market.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, following a four-day losing streak.
Asian shares edged up on Thursday as a surge in the volatile Shanghai market helped underpin indexes around the region, offsetting a rocky start to the month on worries the global economic recovery is losing steam.
Japan's Dainippon Sumitomo Pharma Co Ltd plans to offer about $2.7 billion to acquire U.S. drugmaker Sepracor Inc, a source said, in a move that it would give it a much needed U.S. sales force.
Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.
Federal Reserve policy-makers last month believed risks to the U.S. economy had eased considerably and discussed stretching out a program that has held down home loan rates.
Oil was steady above $68 on Thursday, after settling unchanged a day earlier, as a steep fall in U.S. gasoline inventories offset a smaller-than-expected drop in crude stocks in the world's top energy user.
