(Reuters) – Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month. The move comes at a time when Walmar[...]
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July 25, 2024
US SEC does not seek 5th Circuit review of private funds decision, throwing other rules into doubt
(This July 23 story has been corrected to say ‘private fund’ instead of ‘investment’ in paragraph 1) By Carolina Mandl and Michelle Price NEW YORK (Reuters) – The U.S. Se[...]
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Warner Bros Discovery to sue NBA over bid for broadcast rights, source says
By Dawn Chmielewski and Harshita Mary Varghese (Reuters) -Warner Bros Discovery will sue the National Basketball Association in New York after the league rejected its matching bid for TV broadcasting[...]
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Kroger, Albertsons $25 billion deal halted until Colorado trial in September
(Reuters) -The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery pri[...]
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Birkin handbag maker Hermes outshines rivals with big sales jump
By Mimosa Spencer PARIS (Reuters) -Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags,[...]
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Harley-Davidson’s profit beats on strong demand for pricier Touring bikes
By Kannaki Deka (Reuters) -Harley-Davidson’s second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the comp[...]
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Nasdaq profit beats as fintech sales jump, shares soar
By Jaiveer Shekhawat and Saqib Iqbal Ahmed (Reuters) -Nasdaq’s second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate[...]
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Dow misses profit estimates on lower demand in Asia, Europe
By Seher Dareen (Reuters) -Dow missed second-quarter profit estimates on Thursday, hurt by lower demand and prices in Asia and Europe. Manufacturing activity in the euro zone and China weakened in the[...]
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Four UK high street banks broke retail competition rules, watchdog says
LONDON (Reuters) – Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain’s competition rules, the Competition and Markets Authority said in a statement on Th[...]
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