Business

FILE PHOTO – A Home Depot employee is seen outside a store in Los Angeles, California March 17, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Home Depot Inc (HD.N) topped Wall Street estimates for quarterly comparable-store sales on Tuesday, as consumers faced with a shaky U.S. housing market spent more on average at the country’s No.1
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(Reuters) – Coty Inc (COTY.N) replaced its chief executive officer and chairman on Monday, days after the cosmetics giant spooked investors by saying it was grappling with a supply chain issues that could hurt its performance this fiscal year. FILE PHOTO – A trader works at the trading post that trades Coty Inc. on the
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A screen shows the value of goods being transacted at Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 11, 2018. REUTERS/Aly Song SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles’ Day on Sunday, up
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SINGAPORE (Reuters) – Netflix (NFLX.O) chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.” FILE PHOTO: Netflix’s Chief Executive Officer Reed Hastings delivers his keynote speech during Mobile World Congress in Barcelona,
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NEW YORK (Reuters) – U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO – A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23,
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(Reuters) – The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City,
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NEW YORK (Reuters) – The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG, Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis. The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
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(Reuters) – The S&P 500 inched lower on Thursday, as disappointing results from a slew of companies, including Qualcomm Inc, countered gains in bank stocks ahead of the Federal Reserve’s interest rate decision. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid Among
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(Reuters) – U.S. stock futures rose in volatile trading on Tuesday after a closely followed forecasting website said chances had fallen that the Democratic party would win the House of Representatives in U.S. midterm congressional elections. In line with opinion polls, Wall Street had been expecting that President Donald Trump’s Republican party would lose control
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WASHINGTON (Reuters) – U.S. Federal Communications Commission Chairman Ajit Pai on Monday wrote the chief executives of major telephone service providers and other companies, demanding they launch a system no later than 2019 to combat billions of “robocalls” and other nuisance calls received monthly by American consumers. FILE PHOTO – Chairman of the Federal Communications
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 2, 2018. REUTERS/Staff LONDON (Reuters) – European shares dipped on Monday after markets in Asian again suffered from investor nervousness over fast-rising interest rates in the United States and its trade dispute with China. The pan-European
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LONDON (Reuters) – New economic forecasts from the European Commission and services PMIs will help clarify the outlook for the euro zone economy after third-quarter growth disappointed, while mid-term elections and a Federal Reserve meeting top the U.S. agenda. The European Union’s executive will publish its quarterly economic forecasts on Thursday for the 28 EU
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(Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide. FILE PHOTO: A drilling crew uses a mechanical roughneck machine to thread drill pipe together on an oil rig in the Permian
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NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited from lower taxes. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend
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