Business

Gap Shares Slide 14% as Old Navy Sales Miss Targets

Gap Inc. shares tumbled over 14% in extended trading Thursday after the retailer trimmed its annual sales outlook, citing a lackluster spring and summer product assortment at its primary Old Navy brand.

Disney Challenges FCC Over Early Broadcast License Renewals

Disney has formally filed for the early renewal of eight ABC broadcast station licenses under protest, labeling the Federal Communications Commission’s mandate as an unconstitutional and arbitrary overreach.

Costco Reports Record Fuel Demand as Inflation Drives Member Loyalty

Costco Wholesale posted record-breaking gas volumes in its fiscal third quarter ending May 10, as the retailer’s aggressive pricing strategy attracted new members amid global market volatility.

Trinity Way DMCC Marks Continued Growth Following Corporate Development Milestones