NEW YORK / AP Gap Inc. is reporting a 2 percent drop in a key revenue measure for February, dragged down by weakness at its Banana Republic stores. The results, announced this week, were slightly worse than the 1.4 percent decline that analysts were expecting, according to Thomson Reuters. Gap said that by division its namesake brand saw revenue at stores ...

PARIS / AFP France and Britain have inked a deal to invest more than two billion euros in the development of next generation combat drones, Paris said in a statement. Following a two-year feasibility study begun in 2014, “we hope to proceed to the next phase in 2017 to prepare for the full-fledged development of operational demonstrators of air combat ...

Frankfurt / AFP Sports giant Adidas said that it expects revenues and profits this year to rise by 10-12 percent as the current consumer boom in Germany continues. “Group sales are expected to increase at a rate between 10 and 12 percent on a currency-neutral basis in 2016,” the German sportswear and equipment manufacturer said in a statement. “The positive ...