Lowe’s forecasts further squeeze as results disappoint
(Reuters) – Lowe’s Companies Inc’s profit and margins fell well short of Wall Street estimates on Wednesday as the No. 2 U.S. home improvement chain spent heavily to take on competition in an improving housing market.
TJX same-store sales beat as bargains continue to attract shoppers
(Reuters) – Off-price apparel retailer TJX Cos Inc beat analysts’ estimates for fourth-quarter same-store sales on Wednesday, boosted by discounts that drew shoppers to its Marmaxx and HomeGoods stores during the holiday season.
Surge in imports helps curb U.S. economic growth in fourth quarter
WASHINGTON (Reuters) – U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories.
Exclusive: Bayer to win EU approval for $62.5 billion Monsanto deal
BRUSSELS (Reuters) – German drug and crop chemicals maker Bayer is set to win conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto , two people familiar with the matter said on Wednesday.
Exclusive: U.S. regulators examine Wall Street’s Volcker rule wish list
WASHINGTON (Reuters) – U.S. regulators are considering changes to the “Volcker rule” that Wall Street has sought for years, including eliminating big banks’ responsibility to prove they do not trade on their own account, according to several regulatory…
TJX same-store sales rise as bargains continue to attract shoppers
(Reuters) – Off-price apparel retailer TJX Cos Inc reported fourth-quarter same-store sales on Wednesday that beat analysts’ estimates, as discounts drew shoppers to its Marmaxx and HomeGoods stores during the holiday season.
U.S. fourth-quarter GDP growth revised down to 2.5 percent
WASHINGTON, (Reuters) – U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories.
Wall Street on course for February loss, first in 11 months
(Reuters) – Wall Street looked set to open flat on Wednesday, on track for loss on the month in February, as concerns over rising interest rates and their downward impact on stock markets dominated chatter among traders.
U.S. stocks to keep recovering, set to climb 8 percent this year: Reuters poll
NEW YORK (Reuters) – U.S. stocks will build on the recent recovery from a selloff earlier this month to rack up an over-8-percent gain for the year, according to a Reuters poll of Wall Street market strategists, extending a bull run that began in 2009….
Lowe’s profit and margins miss lowest Wall Street estimate, shares tumble
(Reuters) – Lowe’s Companies Inc’s quarterly profit and gross margins failed to beat even Wall Street’s lowest estimate on Wednesday as the No.2 U.S. home improvement chain’s margins fell, sending its shares down about 10 percent premarket.
