Edition:
United States

Soundarya J

Deutsche Bank held talks with Citi, BNP on shedding chunk of equities business: Wall Street Journal

Jul 02 2019

Deutsche Bank has held talks with Citigroup Inc , BNP Paribas SA and others over the possible sale of parts of its equities business, the Wall Street Journal reported on Tuesday.

U.S. dollar stores warn of tariff hit after reporting upbeat sales

May 30 2019

Two of America's largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit U.S. shoppers, after reporting strong quarterly sales that sent their shares up about 6%.

Capri forecast hit by higher Versace spending, Michael Kors weakness

May 29 2019

Capri Holdings Ltd forecast current-quarter profit below estimates on Wednesday as it plans to invest heavily in its luxury brand, Versace, while battling weak demand in its Michael Kors business, sending its shares down 10%.

Ralph Lauren's North America woes cloud profit beat, shares down nearly 8%

May 14 2019

Luxury apparel maker Ralph Lauren Corp beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.

UPDATE 2-Bed Bath & Beyond long-time CEO steps down following investor pressure

May 13 2019

May 13 Bed Bath & Beyond Inc's long-time Chief Executive Officer Steven Temares stepped down on Monday, following pressure from a group of activist investors that had been pushing for his ouster and a shakeup of the home goods retailer's board.

Edgewell's deal to buy shaving startup Harry's sinks shares on debt concerns

May 09 2019

Schick and Wilkinson razor brands owner Edgewell Personal Care Co said on Thursday it would buy shaving startup Harry's Inc in a $1.37 billion cash-and-stock deal, but its shares plunged 17 percent as the high levels of debt spooked investors.

Newell Brands sees Toys 'R' Us woes ending, shares up 10 percent

May 03 2019

U.S. consumer products maker Newell Brands Inc on Friday beat first-quarter estimates and said the bankruptcy of its retail partner Toys 'R' Us would not have anymore impact on its business, sending its share up 10 percent.

Estee Lauder raises 2019 forecast on increased China demand

May 01 2019

Estee Lauder Cos Inc raised its 2019 forecast for profit and sales on Wednesday after beating Wall Street expectations for third-quarter results on booming demand for luxury beauty products in China.

P&G operating margin, grooming product sales dip on strong dollar; shares drop

Apr 23 2019

Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3%.

World News