Target cuts forecast as it woos back customers with more discounts
Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach.
Aug 20, 2014 3:19 PM EDT
Staples warns of weak sales on low demand for core office supplies
Staples Inc (SPLS.O) warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.
Russian watchdog shuts four McDonald's restaurants in Moscow
Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.
Dollar General enters race for Family Dollar with $8.95 billion bid
Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers serving penny-pinching customers.
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China antitrust regulator fines two Japan auto parts makers
Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.
Aug 19, 2014 3:03 PM EDT
U.S. consumer prices rise modestly in July
U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.
Aug 19, 2014 3:02 PM EDT
UK inflation falls more than expected; 2014 rate rise less likely
British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.
Aug 19, 2014 3:00 PM EDT
Lehman's London staff win $300 million pensions fight
More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.
Aug 19, 2014 2:59 PM EDT
GM expands website for owners of recalled vehicles
General Motors Co's (GM.N) website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.
Aug 19, 2014 2:55 PM EDT
Former top Obama aide to lead Uber's global political campaign
Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.
Aug 19, 2014 2:51 PM EDT
Porsche prevails at U.S. appeals court over VW short squeeze
Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that accused the German automaker of fraudulently cornering the market in Volkswagen AG shares.
Aug 15, 2014 3:39 PM EDT
FedEx indicted on new criminal charges in online pharmacy case
FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.
Aug 15, 2014 3:30 PM EDT
Exclusive: Bombardier, Hitachi lead bids for Finmeccanica's rail units - sources
Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said.
Aug 15, 2014 3:28 PM EDT
Electrolux in talks to buy GE's appliances business
World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric's household appliances business.
Aug 14, 2014 1:52 PM EDT
Wall St. edges up after Putin comments, Cisco falls
U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.
Aug 14, 2014 1:51 PM EDT
GM to invest $2.8 billion in Brazil in five years: CEO
General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.
Aug 14, 2014 1:49 PM EDT
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