Macy’s eases holiday season sales worries, shares rise 6%
Macy’s Inc reported just a 0.6% drop in holiday period same-store sales on Wednesday, quelling fears of a more dramatic fall in the department store operator’s numbers for the crucial annual shopping season after an earlier profit warning.
Grocers roll out plant-based burgers – at prices below Beyond Meat
(This Jan. 8 story corrects para 11 to say private-label companies, and not retailers, will need to sell plant-based products at a net wholesale cost of $1.25 below Beyond Meat and rivals)
Airlines re-route or cancel flights around Iraq, Iran after missile strike on U.S. troops
Major airlines canceled Iran and Iraq flights on Wednesday and re-routed others away from both countries’ airspace following an Iranian missile strike on U.S.-led forces in Iraq.
Macy’s allays holiday season sales worries, shares rise 5%
Macy’s Inc reported just a 0.6% drop in holiday period same-store sales on Thursday, quelling fears of a more dramatic fall in the department store operator’s numbers for the crucial annual shopping season after an earlier profit warning.
Timeline: From arrest to flight – key dates in the Ghosn affair
Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn told Reuters.
Walgreens profit misses estimates on pharmacy weakness
Drugstore chain Walgreens Boots Alliance Inc posted a quarterly profit that missed expectations on Wednesday, hurt by lower payments from insurers on drugs sold, sending shares down nearly 4% before the bell.
Factbox: Financial wrongdoing allegations against Carlos Ghosn
Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who fled house arrest in Japan last week, denies the allegations of financial misconduct made against him.
Factbox: Carlos Ghosn joins list of execs fighting extradition
Ousted Nissan boss Carlos Ghosn says he fled to Lebanon last week to escape a “rigged” justice system in Japan, where he believed he would not get a fair trial.
Futures steady as Iran retaliation seen as contained
U.S. stock index futures turned higher on Wednesday after Iran signaled no further escalation in military strikes following its attack on U.S.-led forces in Iraq, allaying investor worries of a wider war in the Middle East.
Investors pause equity selling as fears of immediate Iran-U.S. escalation fade
Global equities fell on Wednesday and Wall Street was set for a weaker open after Iran’s attack on U.S.-led forces in Iraq, but earlier sharp market moves faded as fears abated that the raid would lead to an immediate military escalation.
