By Juveria Tabassum (Reuters) -Kohl’s topped quarterly profit estimates and raised its annual forecast on Wednesday, as the department store operator leans on lower costs and slimmer inventories[...]
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Chinese hackers exploited bug to compromise internet companies, cybersecurity firm says
By Raphael Satter WASHINGTON (Reuters) -A Chinese hacking group exploited a software bug to compromise several internet companies in the United States and abroad, a cybersecurity firm said on Tuesday.[...]
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Abercrombie & Fitch lifts sales forecast on trendy apparel demand; lofty expectations hit shares
By Aatrayee Chatterjee (Reuters) -Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as inve[...]
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Dick’s Sporting Goods discloses unauthorized third-party access to information
(Reuters) – Dick’s Sporting Goods said on Wednesday it discovered last week that an unauthorized third party had access to its information systems, including certain confidential data. Cyb[...]
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Factbox-Top streaming platforms in content-hungry India
BENGALURU (Reuters) -Apple signed a content deal with Indian telecoms operator Bharti Airtel late on Tuesday in its push for a larger slice of the country’s $28 billion entertainment market. Her[...]
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Jif peanut butter maker JM Smucker cuts annual forecasts on slowing demand
By Jessica DiNapoli and Anuja Bharat Mistry (Reuters) – Jif peanut butter maker J.M. Smucker cut annual sales and profit forecasts on Wednesday, hurt by cost-conscious consumers switching to low[...]
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Chinese EV maker BYD boosts net profit despite discounts
BEIJING (Reuters) -Chinese electric vehicle maker BYD reported improved net profits in the second quarter thanks to its extended market leadership, even though it led a protracted price war with aggre[...]
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Reactions to China’s anti-subsidy probe on EU dairy imports
BEIJING/LONDON (Reuters) -China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for China-made electric vehicles. Wed[...]
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Food delivery giant Meituan defies China consumer pullback with revenue beat
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy. Meituan, which h[...]
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