Target shows signs of turnaround but discounting mutes outlook
(Reuters) – Target Corp reported a 16 percent drop in first-quarter profit but showed some signs of progress in its efforts to rebuild customer confidence in the wake of a massive theft of payment card data and a botched expansion into Canada.
U.S. mortgage collectors gag homeowners in loan deals
(Reuters) – Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them.
Peugeot says share issue oversubscribed
PARIS (Reuters) – French carmaker PSA Peugeot Citroen said on Wednesday the second part of its share issue was oversubscribed, with demand reaching 145 percent of the shares offered.
Boeing wants to be more like Apple: CEO
SEATTLE (Reuters) – Boeing Co Chief Executive Officer Jim McNerney said the company wanted to be more like Apple Inc in the way it innovates, rather than doing a “moon shot” development every 25 years.
BP to appeal Gulf oil spill damages ruling to U.S. Supreme Court
(Reuters) – BP Plc on Wednesday said it will ask the U.S. Supreme Court to review a court ruling concerning the 2010 Gulf of Mexico oil spill, which forces the company to pay some businesses for economic damages without the businesses having to prove t…
As Putin looks east, China and Russia sign $400-billion gas deal
SHANGHAI (Reuters) – China and Russia signed a $400-billion gas supply deal on Wednesday, securing the world’s top energy user a major source of cleaner fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine …
See you later? Slim Pfizer deal hopes prop up AstraZeneca
LONDON (Reuters) – Pfizer’s chances of striking a deal to buy AstraZeneca in the coming days look vanishingly small, but the notion it could return later this year is propping up the British drugmaker’s shares.
McDonald’s new ‘Happy’ mascot dubbed McScary in social media
CHICAGO (Reuters) – McDonald’s restaurant chain says its new “Happy” mascot will bring “fun and excitement” to its children’s meals, but social media contend the toothy, red box-shaped character will have the opposite effect.
Lowe’s May sales improve, severe winter hits first-quarter results
(Reuters) – Lowe’s Cos Inc , the world’s No.2 home improvement chain, said sales picked up in May, after a severe winter in the United States hurt its quarterly results.
Boeing sees strong continued commercial demand for satellites
COLORADO SPRINGS, Colo. (Reuters) – Boeing Co , the world’s No. 1 commercial satellite producer, says strong demand in the commercial market will help its satellite division weather a downturn in U.S. defense spending and should continue to boost reven…
