Lowe’s struggles as investments hit margins
(Reuters) – Lowe’s Companies Inc’s quarterly profit and margins fell well short of Wall Street estimates on Wednesday as the No. 2 U.S. home improvement chain’s heavy spending to convert shoppers’ visits into sales did not pay off as much as expected….
Wall Street pares gains as energy, health stocks drag
(Reuters) – Wall Street’s main indexes pared early gains on Wednesday, weighed down by losses in energy and healthcare stocks.
Germany could tighten rules after Geely takes Daimler stake
BERLIN (Reuters) – Germany will investigate whether to tighten rules governing when an investor needs to disclose a holding in a company after news that China’s Geely purchased a $9 billion stake in Daimler surprised the market.
Comcast informally tells Brussels of intention to bid for Sky
LONDON (Reuters) – U.S. cable operator Comcast has informally notified the European Commission of its intention to bid for Britain’s pay-TV group Sky , triggering the regulatory process for the $31 billion deal.
Exclusive: U.S. regulators examine Wall Street’s Volcker rule wish list – sources
WASHINGTON (Reuters) – U.S. regulators are considering changes to the “Volcker rule” Wall Street has sought for years that would make it easier and cheaper for banks to comply and allow them more leeway in trading and investing, according to several re…
Herbalife unveils stock split, name change; shares hit record
(Reuters) – Herbalife Ltd said on Wednesday it plans to change its corporate name, refinance debt and effect a 2-for-1 stock split to boost shareholder returns, sending its shares to an all-time high.
TJX quarterly same-store sales beat, shares hit record high
(Reuters) – Off-price apparel retailer TJX Cos Inc on Wednesday beat analysts’ estimates for holiday-quarter same-store sales as discounts drew more shoppers to its Marmaxx and TJX Canada stores, sending its shares to a record high.
Wall Street climbs after GDP growth revised lower
(Reuters) – Wall Street’s main indexes rose on Wednesday after the downward revision of U.S. economic growth in the fourth quarter weakened the case for faster increases in interest rates.
‘Pharma bro’ Shkreli seeks 12 to 18 month sentence, below guidelines
NEW YORK (Reuters) – Martin Shkreli, the former drug company executive convicted of defrauding investors in two hedge funds he ran, has asked a federal judge to sentence him to 12 months to 18 months in prison, much less than suggested federal guidelin…
Herbalife plans stock split, to change name
(Reuters) – Herbalife said it plans to change its corporate name, refinance debt and effect a 2-for-1 stock split as part of initiatives to boost shareholder returns.
