McDonald's Corp said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees. | Video
July 30 Procter & Gamble Co forecast
higher profit and sales for the year on Thursday, encouraged by
surging demand for its detergent and dish soap as consumers
clean their homes more often amid the coronavirus pandemic.
* Forecasts FY sales and profit above analysts estimates
(Adds details from the call, analyst comment, updates shares)
Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.
The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
A surge in Target Corp's online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled with soaring operational costs. | Video
Walmart Inc emerged among the winners of the coronavirus lockdowns, beating Wall Street's quarterly revenue and profit forecasts and setting an online sales record as millions of consumers stocked up on food and cleaning supplies. | Video
Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April. | Video