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Facebook shares dropped 7.3 percent, their biggest percentage decline since July. The New York Times reported that the social media giant allowed some companies far greater access to data than disclosed. The company said the access was provided only after user permission. Shares of FedEx Corp (FDX.N), seen as a bellwether for the U.S. economy, sank 12.2 percent, its biggest one-day drop in 10 years, after the logistics company slashed its 2019 forecast. Micron Technology Inc (MU.O) shares fell 7.9 percent after the chipmaker gave a tepid forecast that exacerbated fears the industry’s boom was fizzling out classic cufflinks uk online.
(Reuters) – Nidec Corp (6594.T) will add locations outside China to build motors for electric vehicles as the Japanese motor maker rethinks its supply strategy, the Nikkei business daily reported on Thursday classic cufflinks uk online. Due to the U.S.-China trade tensions, Nidec has started shipping a number of its home electronics and auto parts from Mexico instead of China, the company’s President and Chief Operating Officer Hiroyuki Yoshimoto told Nikkei on Wednesday. The Kyoto-based manufacturer said it now plans to expand its production of traction motor system to Poland and Mexico, on top of its under-construction Chinese factory, Nikkei reported..
(Reuters) – Home furnishing retailer Pier 1 Imports Inc (PIR.N) said on Wednesday its Chief Executive Officer Alasdair James has stepped down and the company is looking at various options as it struggles with falling sales. On Wednesday, the seller of wicker chairs and scented candles said it has retained Credit Suisse to help evaluate a full range of strategic alternatives, but it may not result in a sale. Pier 1, which is struggling to keep up with competing home furnishing companies, including Williams-Sonoma (WSM.N), said Cheryl Bachelder has been appointed interim CEO, effective immediately classic cufflinks uk online.
In April, former CEO James detailed a three-year turnaround plan called “A New Day”, aimed at reducing store clutter and inventory to drive revenue growth at the struggling retailer, which has not posted a profit for the last three consecutive quarters. “Clearly the ‘New Day’ strategic plan did not deliver the desired results fast enough,” Bachelder said in a statement. “We will need to promptly narrow our strategic focus and hone our execution in a way that reinvigorates our top-line sales.” classic cufflinks uk online.
WASHINGTON (Reuters) – The U.S classic cufflinks uk online. Congress will not vote on a bill to speed the introduction of self-driving cars before it adjourns for the year, a blow to companies like General Motors Co and Alphabet Inc’s Waymo unit, key senators said on Wednesday. Congress will also not take up a proposal pushed by GM and Tesla Inc to extend or expand a $7,500 tax credit for electric vehicles, the aides said. To win passage in the final days, the measures had to be attached to a bill introduced Wednesday to fund government operations, but they were not. Senators conceded the funding bill, which could be approved as early as Wednesday by the U.S. Senate, was the only way forward before Congress adjourns..