Kroger same-store sales miss in U.S. grocery struggle
Kroger Co fell short of Wall Street estimates for quarterly same store sales on Thursday as fierce competition from Walmart Inc and Amazon.com Inc worked against the billions the supermarket chain has spent improving stores and its online offering.
Oil jumps 3% toward $64 as Iran shoots down U.S. drone in Gulf
Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
Alexa, how can I fly to Mumbai?
When Karan Mehrotra booked a flight from Delhi to Guwahati, he did not go to a travel agent or an airline website.
U.S. labor market on solid footing; manufacturing still slowing
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.
Airbus demands chance to bid for IAG’s surprise Boeing narrow-body order
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG which stunned industry executives at this week’s Paris Airshow by ordering 200 of Boeing’s grounded 737 MAX.
Futures power higher on Fed effect
U.S. stock index futures jumped on Thursday after the Federal Reserve indicated that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth.
Fed rate-cut signal sends stocks up, bond yields and dollar down
World stock markets rose on Thursday after the U.S. Federal Reserve signaled it was likely to cut interest rates next month. The dollar fell and benchmark bond yields dropped to multi-year lows.
From T-shirts to ice cream, Kroger pushes house brands in grocery wars
Multicolored, sparkly ice cream is an unlikely battleground in U.S. grocery stores. But Kroger Co believes products like Kroger Best Unicorn Swirl ice cream will help it win market share from Walmart Inc, Aldi and Amazon.com Inc.
Slack to take unusual route to public markets, likely valuing it around $16 billion
Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a pers…
Airbus: did not get chance to bid for the MAX order IAG gave to Boeing
Airbus confirmed on Thursday that it had not been offered a chance to bid for a surprise aircraft order announced by British Airways owner IAG at the Paris Airshow, involving 200 of the grounded 737 MAX.
