HP Inc profit forecast misses Street on weak PC, printer sales
(Reuters) – HP Inc, which houses former Hewlett-Packard Co’s legacy printer and PC business, forecast adjusted profit for the first quarter below market expectations as it struggles with weak sales of PCs and printers.
U.S. consumers and stores face off over depth of holiday discounts
NEW YORK/CHICAGO (Reuters) – Target Corp’s 10 percent discount on a $30.49 pair of embroidered curtains was not nearly enough to entice Valerie Jenkins, shopping in Chicago the weekend before Thanksgiving.
Wall Street ends higher, driven by energy amid global tension
(Reuters) – U.S. shares closed higher on Tuesday as energy stocks rose along with oil prices after Turkey shot down a Russian warplane near the Syrian border.
Exclusive: Shire prepares to make new bid for Baxalta – source
ZURICH/LONDON (Reuters) – Drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta that if successful will create one of the world’s leading specialists in rare diseases, a source with direct knowledge of the situation sa…
Roy Harvey to head Alcoa’s commodities business post split
(Reuters) – Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business.
Nine Fed banks called for discount rate hike: minutes
WASHINGTON (Reuters) – The number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to nine in October, a sign the U.S. central bank may be close to tightening monetary policy, minutes fr…
German prosecutors launch tax evasion probe at Volkswagen
HAMBURG (Reuters) – German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen , adding to the intense scrutiny of Europe’s biggest carmaker.
Saks to start Black Friday sales early: Hudson’s Bay CEO
(Reuters) – Black Friday comes early to Saks Fifth Avenue stores this year.
Pfizer to buy Allergan in $160 billion deal
NEW YORK (Reuters) – Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver.
Fedex, TNT win U.S. approval to merge
WASHINGTON (Reuters) – Tennessee-based Fedex Corp and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued on Tuesday.
