Walmart’s third-quarter comparable sales top estimates, e-commerce jumps
Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online.
Dell sweetens VMware offer with higher price, board seat
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn.
Walmart’s comparable sales beat estimates, e-commerce sales jump
Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its earnings outlook for the year as a strong economy boosted customer store visits and more grocery offerings helped e-commerce purchases.
Dell raises VMWare tracking stock offer to $120 per share
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMWare to $120 per share from its previous offer of $109, still way short of the $300 price suggested by activist investor Carl Icahn.
Ready, set, shop: More than a third of Americans to buy on Black Friday: poll
About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday.
China’s stay-at-home shoppers propel luxury sales: Bain
Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday.
Apple supplier AMS cuts forecast, indicating poor iPhone demand
Austria’s AMS , which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well.
Liberty Global ‘not desperate’ to sell Swiss business: CFO
Cable operator Liberty Global is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie Bracken said on Thursday.
Ford CEO open to investors in autonomous vehicles but cautious on VW
Ford Motor Co Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG was a “delicate danc…
Swiss watchdog investigates banks over alleged payments system boycott
Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay .
