Dollar General sticks to spending plan, keeps profit forecast unchanged
Dollar General Corp stuck to a plan for hefty investments in its store network, as it marginally increased its full-year outlook for sales on Thursday but kept profit forecast unchanged for the second quarter in a row.
Consumer spending rises strongly; inflation firming
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
Auction battle looms for Comcast and Fox as Sky bidding deadline nears
Britain’s takeover regulator could take the rare step of intervening in the battle between Comcast and Twenty-First Century Fox for Sky next month by staging an auction for the broadcaster to bring the drawn-out bidding war to an end.
U.S. weekly jobless claims rise, labor market still tightening
The number of Americans filing for unemployment benefits rose last week, but the underlying trend continued to point to a robust labor market that should keep the economy on a strong growth path this year.
Half of VW models in Germany not compliant with new pollution standard
German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.
Abercrombie & Fitch misses same-store sales estimates, shares fall
Abercrombie & Fitch Co missed quarterly same-store sales estimates on Thursday, hurt by lower demand for its namesake line of apparel for teenagers and Hollister brand of surfwear.
EU deeply disagrees with U.S. on trade despite detente
The European Union’s detente on tariffs with the United States has not put to rest “profound disagreements” on trade policy, the European commissioner in charge of trade said on Thursday.
Campbell Soup to sell units, leaves open option of complete sale
Campbell Soup Co said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company up for sale, following a months-long review and pressure from hedge fund investors to se…
Dollar Tree same-store sales miss estimates, shares fall
Discount store operator Dollar Tree Inc reported quarterly same-store sales on Thursday that fell short of estimates due to weak sales at its Family Dollar stores, sending its shares down 5 percent.
China’s ZTE posts 1.1 billion first-half loss on impact from U.S. supplier ban
ZTE Corp reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on U.S. firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months.
