Business & Finance News
Walmart Inc , Target Corp and Best Buy Co have made changes to their gift card programs to reduce the risk of fraud as consumers enter the holiday shopping season.
Airbus is poised to make top financial and operational appointments as incoming CEO Guillaume Faury tightens his grip after months of turmoil over corruption investigations and output delays, sources familiar with the matter said.
Oil prices tumbled more than 7 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught in Wall Street’s broader selloff fed by growing concerns about slowing global growth.
Canada’s Bombardier Inc is the front-runner to win a New Jersey Transit (NJT) rail car contract, two sources familiar with the matter said, in a boost for the plane-and-train-maker’s North American business which has wrestled with delivery delays and has lost orders to rivals.
The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl’s as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a selloff in technology stocks.
Airbus is set to announce top financial and operational appointments as incoming chief executive Guillaume Faury tightens his grip following months of turmoil over corruption probes and output delays, people familiar with the matter said.
British supermarket group Sainsbury’s proposed takeover of rival Asda could lead to a further price squeeze for farmers and reduce the choice and innovation of products available for shoppers, the National Farmers’ Union (NFU) said on Tuesday.
World equity markets fell on Tuesday, with U.S. stocks hurt by worries over softening demand for the iPhone and corporate growth prospects, while oil prices sank on concerns about rising global supply.
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season.
Target Corp said on Tuesday that third-quarter profit missed estimates as investments in its online business, higher wages in a tight labor market and price cuts hurt margins and a big jump in inventories ahead of the critical holiday season worried investors.
Germany’s financial watchdog has asked Deutsche Bank to provide information on its dealings with Danske Bank , which is caught up in money laundering allegations, a source close to the matter said on Tuesday.
Japan’s top steelmaker Nippon Steel & Sumitomo Metal Corp is bracing for a weaker steel market in Asia because the escalating Sino-U.S. trade war may crimp steel demand in top buyer China and in Southeast Asia, a senior executive said.
The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl’s as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a technology selloff.
Amazon.com Inc and private equity firm Blackstone Group are bidding for Walt Disney Co’s 22 regional sports networks, including New York-focused Yes Network, CNBC reported on Tuesday, citing sources familiar with the matter.
U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl’s fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand.
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