Ralph Lauren cuts full-year revenue growth forecast again
(Reuters) – Luxury fashion house Ralph Lauren Corp cut its full-year revenue growth forecast for the second time in less than four months, blaming a strong dollar and weak consumer spending.
U.S. private sector adds 213,000 workers in January: ADP
(Reuters) – U.S. private employers added 213,000 jobs in January, falling short of the median forecasts of analysts, a payrolls processor report showed on Wednesday.
China cuts bank reserve requirement to spur growth
BEIJING (Reuters) – China’s central bank made a system-wide cut to bank reserve requirements on Wednesday, the first time it has done so in over two years, to unleash a fresh flood of liquidity to fight off economic slowdown and looming deflation.
Dollar steadies after slide, oil retreats
LONDON (Reuters) – The U.S. dollar steadied on Wednesday after its worst day in more than a year, and a retreat in oil prices after four days of gains halted a rally in European stock markets.
Ford CEO worries cars may get commoditized like mobile handsets
BOCHUM, Germany (Reuters) – Ford Motor Co Chief Executive Mark Fields said carmakers faced the challenge of avoiding becoming dependent on someone else’s business model as companies from new industries increasingly enter the auto trade.
Goldman advising Ireland for free to boost reputation – finance minister
DUBLIN (Reuters) – Ireland’s finance minister said on Wednesday Goldman Sachs is advising the Irish state free of charge on the sale of one of its banks in order to boost its reputation and was one of five investment banks to offer to work pro bono.
Saudi’s Kingdom Holding sells 5.6 percent stake in News Corp
DUBAI (Reuters) – Saudi Arabia’s Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, sold most of its stake in media giant News Corp as part of a portfolio review, it said on Wednesday.
Many oil firms plan no North Dakota layoffs despite cheap oil
WILLISTON, N.D. (Reuters) – Halliburton, Statoil ASA, Hess Corp and other North Dakota energy companies have decided, for now, not to lay off staff in the No. 2 U.S. oil producing state, hoping to be prepared for any prolonged rebound in crude prices.
‘Frozen’ still hot as Disney profit beats forecasts
(Reuters) – Walt Disney Co’s quarterly profit topped Wall Street’s estimates as its blockbuster animated film “Frozen” heated up home entertainment and toy sales, and visitors flocked to the company’s U.S. theme parks.
Toyota lifts profit outlook as weak yen offsets Japan slump
TOKYO (Reuters) – Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home.
