Archive for February 8th, 2020

"We see a bifurcation of malls," Macy's CEO Jeff Gennette told investors Wednesday during a meeting at the New York Stock Exchange. "The lower-tier malls continue to decline rapidly."

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<p>A "moderately" expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress.</p>

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Bombardier Inc.’s ill-fated foray into building jetliners may be nearing an end, and investors are applauding.The company is in advanced talks to sell its stake in Airbus SE’s A220 program to the European aerospace giant, the Wall Street Journal reported Friday.

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