United States

Aishwarya Venugopal

McDonald's sues ousted CEO, saying he lied about sexual affairs with employees

Aug 10 2020

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

RPT-UPDATE 3-P&G forecasts higher profit as pandemic drives home cleaning spree

Jul 30 2020

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.

UPDATE 3-P&G forecasts higher profit as pandemic drives home cleaning spree

Jul 30 2020

* Forecasts FY sales and profit above analysts estimates (Adds details from the call, analyst comment, updates shares)

Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns

May 21 2020

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.

Americans splurge at Walmart, Target as stimulus checks kick in

May 21 2020

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.

Target's online sales surge eases coronavirus pain

May 20 2020

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 sales surge at stores and online on coronavirus-led demand

May 19 2020

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 sees margin squeeze as it spends more to meet coronavirus-led demand

Apr 23 2020

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

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