Walmart worries, bond yields threaten six-day winning streak
(Reuters) – Wall Street was on track to snap a six-day winning streak on Tuesday following a rise in bond yields and underwhelming results from Walmart.
Home Depot’s profit, sales top estimates on higher traffic, spending
(Reuters) – Home Depot Inc’s profit beat market estimates for the sixth straight quarter on Tuesday as more shoppers visited the No.1 U.S. home improvement chain and spent more on average amid an improving housing market.
Qualcomm raises offer for NXP, Elliott backs new bid
(Reuters) – U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal.
Walmart profit misses view in holiday quarter, online sales slow
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 down almost 4 percent in premarket trade….
The brand Olympics: getting attention without getting in trouble
PYEONGCHANG, South Korea (Reuters) – In packing for the Winter Olympics, Canadian entrepreneur Domenico Ciarallo stuffed his bags with hats and t-shirts bearing the logo of his company, which makes locker-room dryers.
Murdoch’s Fox seeks to win bid approval by extending Sky News guarantee
LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox has strengthened its offer to protect the independence of Sky’s loss-making news channel to try to overcome regulatory concerns about Fox’s takeover of the parent company.
Home Depot’s quarterly profit rises 2 percent
(Reuters) – Home Depot Inc , the largest U.S. home improvement chain, reported a 2 percent rise in quarterly profit, driven by higher customer traffic amid improving housing market.
Qualcomm to raise offer to buy NXP: WSJ
(Reuters) – U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp, the Wall Street Journal reported, citing peo…
Albertsons will buy chunk of Rite Aid that isn’t going to Walgreens: WSJ
(Reuters) – U.S. grocery chain operator Albertsons Companies Inc plans to buy the part of Rite Aid Corp that is not being bought by Walgreens Boots Alliance Inc , the Wall Street Journal reported on Tuesday.
New Toyota magnet cuts dependence on key rare earth metal for EV motors
TOKYO (Reuters) – Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20 percent, which could tame the cost of producing electric cars and reduce the risk of a supply short…
