Target to offer free U.S. shipping, strikes global shipping deal
NEW YORK (Reuters) – Target Corp said it will drop shipping fees for all online orders during the holiday shopping season for a second year in a row, ratcheting up competition with rivals including Wal-Mart Stores Inc and Amazon.com .
CVS, Express Scripts drop Valeant’s Philidor; stock dives
(Reuters) – Valeant Pharmaceuticals Inc. sustained hits on several fronts on Thursday after CVS Health Corp and Express Scripts dropped Philidor from their networks in a sign the fallout from the drugmaker’s connection with the specialty pharmacy is sp…
VW has small U.S. sales gain in first post-scandal month: sources
BERLIN (Reuters) – Volkswagen’s sales of VW-brand vehicles in the United States have grown “slightly” in October, the first full month since the emissions scandal broke, two people familiar with the matter said.
Starbucks cafe sales hot, but holiday forecast disappoints
(Reuters) – Starbucks Corp delivered a disappointing profit forecast for this holiday quarter on the heels of strong cafe sales and profit growth, sending its shares down as much as 3 percent in after-hours trading.
Pfizer, Allergan drug merger talks raise tax hackles in U.S.
(Reuters) – Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid U.S. taxes sounded political alarm bells.
Wall Street stock pickers get hints from Fed, strong dollar
NEW YORK (Reuters) – Shares in U.S. industrial companies and exporters may come under pressure through year end as the prospect of an interest rate hike from the Federal Reserve strengthens the dollar and weighs on Corporate America, analysts said.
Wall St. slips on tech results, chances of Fed hike
(Reuters) – U.S. stocks ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an interest rate hike in December.
LinkedIn profit beats as hiring services, ads revenue jumps
(Reuters) – LinkedIn Corp’s quarterly revenue and profit handily beat analysts’ estimates as the world’s biggest professional networking website operator earned more from its recruitment services business and from advertisements and paid memberships.
Virgin America tops third-quarter estimates, expects unit revenue decline
(Reuters) – Virgin America Inc on Thursday said lower fuel costs helped its profit jump in the third quarter, but forecast that the money it makes per mile would fall in the fourth quarter as it expands flight capacity amid intense competition.
U.S. wary of EU proposal for investment court in trade pact
WASHINGTON/BRUSSELS (Reuters) – The United States is wary of a European Union proposal for a new court system to settle investment disputes as part of the world’s biggest free-trade agreement, U.S. Trade Representative Michael Froman said.
