Target to cut thousands of jobs as seeks to cut costs by $2 billion
(The corrected version of the story fixes reference to Canada loss to $5.4 billion from $5.4 million in paragraph nine)
Global stocks pull back further from record highs
LONDON (Reuters) – Global equities pulled back from recent record highs on Wednesday, with investors turning cautious after underwhelming European PMI data and ahead of central bank meetings.
For first time in years, euro economy starts surprising on upside
LONDON (Reuters) – The euro zone economy is sprouting more green shoots than anticipated just as the European Central Bank fires up a money printing program worth more than 1 trillion euros.
From prime rib to chips and dip: Lean times at mining’s annual conference
TORONTO (Reuters) – When the world’s miners head for Toronto each year to attend their industry’s annual conference, they arrive with certain expectations. They’re accustomed to finding oyster bars, rowdy parties, open bars with high-end liquor and ele…
U.S. mortgage applications rise in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages edged up last week as interest rates dipped, an industry group said on Wednesday.
M&S breaks with tradition to get more agile on style
LONDON (Reuters) – Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain’s former retail powerhouse Marks & Spencer . But the parts of the business that customers never see could hold the key to its revival.
Business activity lifted in February as central banks loosen up
LONDON (Reuters) – Global business activity picked up last month just as many central banks around the world loosen monetary policy further to try and drive up stubbornly low inflation and revive moribund economies.
Toyota diversifies top executive ranks
TOKYO (Reuters) – Toyota Motor Corp on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men.
U.S. firms in China expect less rosy times as economy slows: survey
SHANGHAI (Reuters) – U.S. companies in China have a less rosy outlook for business conditions over the next five years due to a slowing economy, an “opaque” regulatory environment and rising domestic competition, a U.S. business lobby survey showed on …
DuPont rejects activist request to change how directors are elected
(Reuters) – DuPont on Tuesday rejected a push to let shareholders split their votes between company-backed directors and those nominated by activist investors in an escalating proxy battle with Nelson Peltz.
