Business

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.

Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify.

CVS Health Corp said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc after Thursday's Thanksgiving holiday as two states continue to review the transaction.

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.

A U.S. judge overseeing the federal litigation against Bayer AG's Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019.

Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters - in a further sign that Nissan may seek to loosen its French parent's hold on their global carmaking alliance.