Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.
Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year.
U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China’s Huawei Technologies.
Kohl’s Corp cut its full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit, sending its shares down over 10% Tuesday morning.
The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action.
Airbus is sticking to its 2019 delivery goals as it makes progress in resolving industrial problems at its Hamburg single-aisle jet plant, the planemaker’s recently appointed operations chief said on Tuesday.
J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday after the retailer exited its appliance and in-store furniture categories, sending shares down 10% in premarket trading.
U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China’s Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei.
J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10% in early trading.
Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices.
Kohl’s Corp slashed full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit on Tuesday, sending its shares down over 10% in early trading.
Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.
Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides.
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials.
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