Shares of Skechers USA Inc. rallied after hours on Thursday after the sneaker maker boosted its full-year forecast, as enthusiasm for its comfort footwear held up despite a broader backdrop of more tepid demand.
Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Corp. earlier this year.
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.