TORONTO (Reuters) -TD Bank Group on Thursday said it expects fines and “non-monetary” penalties related to investigations by U.S. authorities over its anti-money laundering compliance prog[...]
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August 24, 2023
Gap forecasts weak sales on slow consumer spending, rising competition
By Ananya Mariam Rajesh and Katherine Masters (Reuters) – Gap Inc on Thursday forecast a steeper-than-expected decline in current-quarter sales hit by slowing demand for its accessories and appa[...]
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US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, another risk to r[...]
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Nordstrom warns of feeble second half as consumers spend cautiously
By Granth Vanaik (Reuters) -Nordstrom joined rival Macy’s in adopting a cautious tone over demand in the second half of the year and warned of higher credit losses as more consumers default on p[...]
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US judge dismisses Republican National Committee’s email spam suit against Google
By Kanishka Singh WASHINGTON (Reuters) – A U.S. judge on Thursday dismissed a lawsuit against Alphabet Inc’s Google that was brought late last year by the Republican National Committee for[...]
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Amazon in talks with Disney about ESPN streaming partnership – The Information
(Reuters) – Amazon.com is in early talks with Walt Disney Co about working on the streaming version of ESPN it is developing, while possibly also taking a minority stake in the sports network, t[...]
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Lockheed’s Sikorsky wins $2.7 billion U.S. Navy contract
(Reuters) – Sikorsky, a unit of Lockheed Martin, said on Thursday it was awarded a $2.7 billion contract by the U.S. Navy to build 35 additional CH-53K helicopters. The CH-53K has three times th[...]
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Nvidia’s $25 billion buyback plan, results lift stock to record high
By Susan Mathew, Chavi Mehta and Chibuike Oguh (Reuters) -Shares of Nvidia rose as much as 6.7% on Thursday, hitting an all-time high, after the company unveiled a $25 billion stock buyback plan and r[...]
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Marketmind: Keeping control ahead of Jackson Hole
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Barring a collapse of 1.5% or more on Friday, Asian stocks are about to c[...]
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