Nov 20 Reuters TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cashstrapped customers flocking to its offprice stores for products such as apparel and footwear. The TJ Maxx parent has hit the right spot as customers continue to hunt for value and better deals even as inflationary […]

Nov 20 Reuters Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid singledigit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier. The airline added that affluent customers were thriving with leisure travel being the highest priority purchase for highincome households. Premium travel […]

European job cuts come amid challenges in shift to EVs Job cuts primarily in Germany, UK; affects 2.3 of global force Ford urges German government for better EV support, incentives Ford shares down 1.8 LONDONCOLOGNE, Nov 20 Reuters Ford said it would cut around 14 of its European workforce on Wednesday, blaming losses in recent years […]

ROME, Nov 20 Reuters Stellantis on Wednesday announced new temporary stoppages at two of its plants in southern Italy, while the Rome government called on the automaker to commit to new investments in the country. In two separate statements, the company said it informed unions about a pause in production at the Termoli engine plant on […]

SHANGHAIHONG KONG, Nov 20 Reuters Major Chinese fund companies announced a big reduction in fees for a batch of equity exchangetraded funds ETFs on Wednesday, intensifying price competition in the rapidly expanding 400 billion sector of the market. The move to cut management and custodian fees by as much as 70 came a day after […]

ZURICH, Nov 20 Reuters EFG International is looking at potential acquisitions, Chief Executive Giorgio Pradelli said on Wednesday, with the Swiss private bank on course to beat last year39;s record profit. The bank made a net profit in excess of 260 million Swiss francs 294 million in the first 10 months of 2024, compared with 303.2 […]

Company saw strong response to promotions in Q3, CEO says Target faces persistent weakness in larger nonessential items Ports strike led to rerouted shipments, inventory buildup Target shares plunge 20, on track for worst day since May 2022 Nov 20 Reuters Target forecast holidayquarter comparable sales and profit below estimates on Wednesday as valueconscious consumers shopped for lowpriced […]

Deal marks Blackstone39;s latest investment in food franchises Jersey Mike39;s CEO to continue leading business Deal valued at around 8 bln, including debt source PE firm Roark last year struck over 9.5 bln deal for Subway Nov 19 Reuters Blackstone has agreed to buy Jersey Mike39;s Subs, the sandwich chain said on Tuesday, in a deal […]

Nov 19 Reuters AeroVironment will buy space and defense engineering company BlueHalo in an allstock deal valued at about 4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden its portfolio amid rising geopolitical tensions. The company39;s shares, up 56 this year, fell 3.6 in premarket trade. AeroVironment, which makes the Switchblade […]

Nestle to achieve cost savings of at least 2.83 bln by 2027 Company to increase investment in advertising and marketing to 9 of total sales by 2025 Nestle forecasts mediumterm organic sales growth of more than 4 VEVEY, Switzerland, Nov 19 Reuters Nestle will boost advertising and marketing, trim costs by at least 2.8 billion by […]