Wal-Mart third-quarter sales boosted by hurricanes, online; shares jump
CHICAGO (Reuters) – Wal-Mart Stores Inc , the world’s largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 4.4 pe…
Viacom beats revenue estimates despite distribution headwinds
(Reuters) – Viacom Inc , owner of MTV, Comedy Central and Paramount, reported mixed quarterly results Thursday as higher-than-expected revenue in its film unit and improved domestic ad sales offset lower revenue from U.S. cable TV operators and online …
Rights groups pressure IBM to renounce interest in Trump’s ‘extreme vetting’
WASHINGTON (Reuters) – A coalition of rights groups launched an online petition on Thursday urging IBM Corp to renounce a Trump administration proposal to use technology to identify people for visa denial and deportation from the United States.
Best Buy falls short with holiday profit forecast
(Reuters) – Best Buy Co Inc reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc .
Emerson sweetens bid for Rockwell Automation to $29 billion
(Reuters) – U.S. industrial automation equipment company Emerson Electric Co raised its cash-and-stock offer to acquire Rockwell Automation Inc to $29 billion on Thursday, ratcheting up pressure on its smaller peer to engage in deal talks.
Wal-Mart reports better-than-expected third-quarter sales, shares jump
CHICAGO (Reuters) – Wal-Mart Stores Inc , the world’s largest retailer, reported better-than-expected quarterly sales at established U.S. stores on Thursday, boosted by hurricane-related purchases and soaring online sales, sending its shares up 3.5 per…
Best Buy’s holiday-quarter profit forecast misses Street view
(Reuters) – Best Buy Co Inc reported on Thursday disappointing third-quarter results and forecast holiday-quarter profit below Wall Street’s estimates as the company cuts prices to match those offered by rivals such as Amazon.com Inc .
Tesla to unveil electric big-rig truck in midst of Model 3 factory ‘hell’
SAN FRANCISCO (Reuters) – Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan central to the company’s fut…
T-Mobile US to propose significant share buyback
BARCELONA (Reuters) – T-Mobile US will propose a “significant” share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of…
Strong November-December seen lifting Audi’s 2017 China volumes into growth
GUANGZHOU/BEIJING (Reuters) – German automaker Audi expects sales volumes in China to grow strongly enough in November and December to reverse a 3 percent decline there in the first 10 months of the year.
