Edition:
United States

Sruthi Ramakrishnan

Home Depot sets $15 billion share buyback, investment plan

Dec 06 2017

Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years. | Video

Macy's hires more workers after Black Friday rush

Dec 01 2017

Macy's Inc said on Friday it had a strong start to the holiday shopping season and would hire an additional 7,000 temporary workers for its stores to deal with heavy customer numbers in the run up to Christmas. | Video

Sears' shares soar as loss narrows; sales continue decline

Nov 30 2017

Sears Holdings Corp cut its third quarter loss by almost $200 million compared to a year ago, the company said on Thursday, benefiting from lower operating costs as it shut scores of Kmart and Sears outlets. | Video

Chipotle seeks turnaround expert to replace Ells as CEO

Nov 29 2017

Chipotle Mexican Grill Inc co-founder Steve Ells said on Wednesday he would step down as chief executive, succumbing to pressure from investors after failing to turn around the burrito chain from a string of food safety lapses.

U.S. Cyber Monday sales jump 17 percent, on pace for record

Nov 28 2017

(In this version of the Nov. 27 story, Adobe corrects smartphone revenue to $1.59 billion instead of $1.12 billion in paragraph 2) | Video

P&G continues to review vote tally as Peltz awaits board seat

Nov 22 2017

Procter & Gamble Co is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat.

P&G reviewing board seat recount; Trian calls it waste of time

Nov 22 2017

Nov 22 Procter & Gamble Co said on Wednesday it was reviewing a recount of a shareholder vote that showed activist investor Nelson Peltz had narrowly won a seat on the company's board.

Lowe's beats on quarter but unchanged outlook pressures stock

Nov 21 2017

Lowe's Cos Inc on Tuesday beat quarterly estimates on higher demand for building materials after hurricanes in the United States but kept its full-year sales and profit outlook unchanged, sending its shares lower. | Video

Smucker brews up strong earnings, sees lower coffee costs in 2018

Nov 16 2017

Coffee maker J.M. Smucker Co delivered strong quarterly earnings on Thursday and said inflated costs to buy coffee beans, which have dented profits this year, may fall in 2018.

Target signals another weak holiday quarter, shares tumble

Nov 15 2017

Target Corp's holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback. | Video

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