Dollar Tree’s profit, sales beat estimates
(Reuters) – Dollar Tree Inc , the biggest U.S. dollar-store chain, reported better-than-expected quarterly profit and sales on Wednesday, helped by lower costs and higher customer spending in its stores.
UK PM May says government is talking to Ford on automotive sector
LONDON (Reuters) – Prime Minister Theresa May said on Wednesday her government would hold regular talks with Ford to find ways to ensure its engine plant in Wales remains part of the car producer’s “success” in Britain after leaving the European Union…
EpiPen maker Mylan forecasts strong 2017; shares jump
(Reuters) – EpiPen allergy shot maker Mylan NV forecast 2017 profit and revenue largely above analysts’ estimates on Wednesday, in sharp contrast to downbeat expectations from its rivals, amid pricing pressure in the U.S. generics market.
Best Buy posts unexpected drop in same-store sales, shares dip
(Reuters) – Best Buy Co Inc on Wednesday reported an unexpected drop in same-store sales for the holiday quarter, the latest example of an electronics retailer struggling with waning demand and fierce competition from online stores.
Dow pierces 21,000 after Trump speech, rate-hike chatter
(Reuters) – The Dow on Wednesday blasted through the 21,000 mark for the first time after U.S. President Donald Trump’s measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full…
VW Trucks open to exploring new alliance in China: Manager Magazin
FRANKFURT (Reuters) – Volkswagen is ready to consider a new trucks partnership, for example with FAW [SASACJ.UL] in addition to Sinotruck , as a way to push its expansion in China, trucks chief Andreas Renschler told Manager Magazin.
Toshiba asks law firm to advise on potential Westinghouse bankruptcy cost: sources
TOKYO (Reuters) – Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter sai…
Lowe’s forecasts strong sales growth this year, shares soar
(Reuters) – Lowe’s Cos Inc forecast 2017 sales ahead of analysts’ estimates and reported better-than-expected quarterly comparable-store sales as trends in the housing market encouraged Americans to spruce up their homes or buy new ones.
Novo Nordisk replaces head of North American operations
COPENHAGEN (Reuters) – Novo Nordisk , the world’s largest insulin maker, said on Wednesday the head of its North American operations Jakob Riis has resigned, casting doubt over its strategy in a market that accounts for more than half its sales.
Taiwan’s Foxconn ‘definitely bidding’ for Toshiba chip business
HONG KONG (Reuters) – Taiwan’s Foxconn , the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday.
