Target lifts profit goal on expected holiday boost, shares surge
Target Corp raised its full-year earnings forecast on Wednesday, signaling a strong holiday season as the retailer benefits from its investments in same-day delivery services and store revamps, sending its shares up 9%.
If Lufthansa doesn’t make concessions, we’ll announce strikes: union
Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions in a wage dispute.
Lufthansa: We’ll use the next seven days to try to solve wage dispute
Lufthansa said on Wednesday it would use the next seven days to try to reach a solution in a wage dispute with employees after trade union UFO said it would announce strikes if the airline does not make concessions.
Continental to cut 5,040 jobs as combustion engine demand falls
German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.
Sino-U.S. spat over Hong Kong knocks world shares off 22-month high
World stocks were knocked off 22-month highs on Wednesday as a flare-up in Sino-U.S. tensions and the creeping return of U.S. recession fears fueled a bid for bonds and other “safe” assets such as gold.
Apple starts construction of new $1 billion campus in Texas
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Stock futures fall as Hong Kong bill escalates U.S.-China tensions
U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing sparked fears that the two sides would fail to reach a trade agreement soon.
Lowe’s calms nerves with profit forecast raise after Home Depot sales warning
Lowe’s Cos Inc raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc cut its full-year sales estimates ahead of the all-important holiday season.
Aston Martin gets in touch with its feminine side for first SUV
James Bond’s carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole.
Prosus criticizes rival Takeaway bid for Britain’s Just Eat
Technology company Prosus on Wednesday criticized rival suitor Takeaway.com’s bid for British food delivery service Just Eat, saying it presents “significant risks” for shareholders.
