United States

Uday Sampath Kumar

Corona maker's CEO Rob Sands to step down, insider to replace him

Oct 17 2018

Constellation Brands Inc's Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry.

India's Flipkart confident of bumper sales season; says Amazon losing relevance

Oct 11 2018

BENGALURU Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India.

Conagra results fall just short, shares down 6 percent

Sep 27 2018

Sales at Conagra Brands Inc fell short of Wall Street estimates on Thursday as the packaged food company sold fewer products at full-price to restaurants and caterers, weakening profit and sending the company's shares lower.

Nike shares dip after forecast disappoints

Sep 26 2018

Nike shares fell as much as 3 percent on Wednesday after the company disappointed Wall Street by not raising its full-year forecast following a sales boost from its Colin Kaepernick ad campaign.

Coke eyes cannabis-infused drink market

Sep 18 2018

Coca-Cola Co is closely watching the fast-growing marijuana drinks market for a possible entry that would expand the world's largest soft drink maker's ambitions further away from sugary sodas. | Video

Kroger misses same-store sales estimates, shares drop 11 pct

Sep 13 2018

U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down as much as 11 percent, as changes to the way it stocks merchandise on shelves kept some customers away from its stores, analysts said.

Macy's to hire 80,000 for holiday rush, boost online staffing

Sep 12 2018

Macy's Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year's initial hiring, and deploy more hands to cater to the avalanche of online orders expected in the shopping period.

UPDATE 1-Nike shares hit as Kaepernick ad spurs boycott

Sep 04 2018

Sept 4 Shares of Nike Inc fell 3 percent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin Kaepernick as a face for the 30th anniversary of its "Just Do It" slogan.

Abercrombie sales miss as Hollister runs out of stock in Europe

Aug 30 2018

Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not keep up with increased demand in the second quarter, sending its shares down as much as 14.6 percent. | Video

World News

How the man behind Khashoggi murder ran the killing via Skype

He ran social media for Saudi Arabia's crown prince. He masterminded the arrest of hundreds of his country's elite. He detained a Lebanese prime minister. And, according to two intelligence sources, he ran journalist Jamal Khashoggi's brutal killing at the Saudi consulate in Istanbul by giving orders over Skype.