Guess co-founder gives up duties during probe of alleged improper conduct
(Reuters) – Guess Inc said on Tuesday its co-founder Paul Marciano will give up his day-to-day responsibilities at the company on an unpaid basis pending the completion of a probe into accusations of improper conduct.
Walmart profit drops, online sales growth slows in holiday quarter
NEW YORK (Reuters) – U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares tumbling more than 9 percent.
Thomson Reuters says CEO Jim Smith to make full recovery after arrhythmia incident
TORONTO (Reuters) – Thomson Reuters Corp said on Tuesday Chief Executive Officer Jim Smith is in stable condition after an arrhythmia incident on Feb. 12 and is expected to be released from hospital within the next two weeks.
Xerox shareholders Icahn, Deason urge company to sell itself to rivals
(Reuters) – Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.
Walmart profit drops, online sales slow in key holiday quarter
NEW YORK (Reuters) – Retail behemoth Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares slumping more than 6 percent in premarket…
Home Depot’s earnings powered by strong U.S. housing market
(Reuters) – Home Depot Inc’s profit and revenue topped Wall street estimates for the sixth straight quarter as more shoppers visited the No.1 U.S. home improvement chain and, on average, spent more in an improving housing market.
Land Securities gets planning permission for Deutsche Bank London HQ
(Reuters) – Land Securities , the developer for Deutsche Bank’s new UK headquarters, said on Tuesday it had secured a revised planning permission for the proposed development in the heart of London’s City financial district.
Qualcomm gets hedge fund nod with raised offer for NXP
(Reuters) – U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal.
Airbus sees no demand for bigger A350 for now
TOULOUSE, France (Reuters) – Airbus is not planning a larger A350 jet and will focus on developing existing versions of the widebody aircraft, an executive said on Tuesday.
Albertsons to buy Rite Aid in cash-and-stock deal
(Reuters) – U.S. grocery chain operator Albertsons Companies Inc said on Tuesday it would buy the drug stores that Rite Aid Corp is not selling to Walgreens Boots Alliance , in a deal that would create a company with $83 billion in annual revenue.
