By Ross Kerber (Reuters) – Costco Wholesale Corp will set new targets by next year to cut its greenhouse gas emissions, according to an activist investment firm that said the retailer had been a[...]
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Articles
Albertsons $4 billion dividend payment stays on hold as Washington court delays hearing
(Reuters) – Albertsons Companies Inc said on Wednesday its $4 billion dividend payment to shareholders will continue to remain on hold as a Washington state court postponed a scheduled case hear[...]
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Target’s holiday forecast squeezed by ‘stressed’ consumers, shares fall 17%
By Uday Sampath Kumar (Reuters) -Target Corp forecast a surprise drop in holiday-quarter sales on Wednesday, blaming surging inflation and “dramatic changes” in consumer spending for a dro[...]
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U.S. watchdog gained “good access” to audits of Chinese firms -sources
By Xie Yu, Chris Prentice and Julie Zhu HONG KONG/WASHINGTON (Reuters) – U.S. regulators gained “good access” in their review of auditing work done on New York-listed Chinese firms d[...]
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Goldman raises forecast for 2023 Fed rate peak by 25 basis points
(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding one more quarter-point Federal Reserve hike in May 2[...]
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UK inflation hits 41-year high as Hunt readies tough budget
By Andy Bruce and William Schomberg LONDON (Reuters) – Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy[...]
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United Airlines expects busiest travel day since start of COVID this Thanksgiving
By David Shepardson WASHINGTON (Reuters) – United Airlines said Wednesday it expects to carry 5.5 million passengers during the Thanksgiving travel period, up about 12% over 2021. The U.S. carri[...]
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Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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Zurich Insurance sets more ambitious financial targets
By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers benefit from rising premium r[...]
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Explainer-Britain’s insurers become test case for post-Brexit ‘unshackling’
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to[...]
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