Business & Finance News
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn.
J.C. Penney Co Inc cut its forecast for annual sales on Thursday while also withdrawing its outlook for full-year earnings, adding to nerves over the future of another one of America’s best known retail names.
Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its earnings outlook for the year as a strong economy boosted customer store visits and more grocery offerings helped e-commerce purchases.
J.C. Penney Co Inc’s quarterly comparable-store sales fell well short of analysts’ estimates on Thursday, as the department store chain was forced to offer more discounts in the fight to keep customers from defecting to online stores.
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMWare to $120 per share from its previous offer of $109, still way short of the $300 price suggested by activist investor Carl Icahn.
About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday.
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in VMWare to $120 per share from its previous offer of $109.
Walmart Inc on Thursday reported a 3.4 percent rise in sales at U.S. stores open at least a year as more U.S. shoppers purchased goods at its stores and on its website, driven by a strong economy.
Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday.
Austria’s AMS , which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well.
Cable operator Liberty Global is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie Bracken said on Thursday.
Ford Motor Co Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a “delicate dance.”
Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay .
The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors across currency markets.
The British currency plunged on Thursday and is set for its second biggest drop this year as opposition mounted at Prime Minister Theresa May’s draft deal for leaving the European Union with a series of resignations.
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