Dollar General Corp stuck to a plan for hefty investments in its store network, as it marginally increased its full-year outlook for sales on Thursday but kept profit forecast unchanged for the second quarter in a row.
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
Britain’s takeover regulator could take the rare step of intervening in the battle between Comcast and Twenty-First Century Fox for Sky next month by staging an auction for the broadcaster to bring the drawn-out bidding war to an end.
The Turkish lira was down as much as 5% against the dollar Thursday after a report said the deputy governor of its central bank would resign. Watch the Turkish lira trade in real time here. The lira was down 5% to 6.7719 against the dollar at 8:45 a.m. ET. …read more […]
The number of Americans filing for unemployment benefits rose last week, but the underlying trend continued to point to a robust labor market that should keep the economy on a strong growth path this year.
President Donald Trump is signaling that he knows who will succeed White House counsel Don McGahn, saying he’s “very excited” about the individual. Trump did not announce a successor in his tweet Thursday but said: “I am very excited about the person who will be taking the place of Don McGahn as White House Councel! I liked Don, but he was NOT responsible for me not firing Bob Mueller or Jeff Sessions. …read more […]
German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.
Abercrombie & Fitch Co missed quarterly same-store sales estimates on Thursday, hurt by lower demand for its namesake line of apparel for teenagers and Hollister brand of surfwear.
The European Union’s detente on tariffs with the United States has not put to rest “profound disagreements” on trade policy, the European commissioner in charge of trade said on Thursday.
Campbell Soup Co said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company up for sale, following a months-long review and pressure from hedge fund investors.
Apparel retailer Abercrombie & Fitch Co missed quarterly same-store sales estimates on Thursday, hurt by lower-than-expected sales at its namesake line of teenage apparel and Hollister brand of surfwear.
Discount store operator Dollar Tree Inc reported quarterly same-store sales on Thursday that fell short of estimates due to weak sales at its Family Dollar stores, sending its shares down 5 percent.
Dollar General Corp’s quarterly same-store sales topped analysts’ estimates on Thursday as customers spent more on apparel and daily-use items at its stores.
ZTE Corp reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on U.S. firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months.
Marie-Pier Vincent, a fourth-generation Quebec dairy farmer, worries it will be even harder to make ends meet if Canada allows more tariff-free imports of milk products from the United States under a reworked North American Free Trade Agreement.
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