Nike profit tops targets but margins disappoint some
Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.
Canada not making concessions needed for NAFTA deal, U.S. says
Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday.
Independent BMW car dealers loath to agree new terms: Sueddeutsche Zeitung
Most of BMW’s 550 independent car dealerships are unwilling to accept new terms set by the carmaker and are threatening to ignore an end-September deadline, Sueddeutsche Zeitung reported on Wednesday.
Raytheon Co wins $1.5 billion U.S. defense contract: Pentagon
Raytheon Co has been awarded a $1.5 billion modification to a contract for the sale of Patriot missile systems to Poland, the Pentagon said in a statement on Tuesday.
Energy shares rise on higher oil; dollar slips as policy tightening eyed
Energy stocks climbed on Tuesday as oil prices surged above $81 a barrel, but U.S. shares ended lower as chipmakes fell on ratings downgrades and rate-sensitive shares lost ground ahead of an expected Federal Reserve interest rate hike.
Dunkin’s rebranding leaves hole in heart of doughnut lovers
Doughnut lovers took to social media on Tuesday to decry a decision by Dunkin’ Donuts to drop its signature product from its name, an effort by the brand now known simply as Dunkin’ to highlight a wider array of menu items and appeal to a younger gener…
Deutsche Bank mulls merger scenario with UBS: Handelsblatt
Deutsche Bank has looked at a theoretical scenario of merging with UBS , the German business daily Handelsblatt reported on Wednesday, citing people familiar with the matter.
S&P 500 dips as chip stocks and utilities tumble
The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.
Nike quarterly revenue beats estimates
Nike Inc edged past analysts’ estimates for first-quarter revenue on Tuesday as new launches of footwear and apparel fueled sales in North America.
Apple shaves cost from displays in newest iPhones: analyst firm
Apple Inc shaved some parts from the display in its largest new iPhone, helping keep costs under control in what has become the priciest component of its phones in recent years, according to a new cost analysis of the device.
