Walmart offloads second e-fashion brand in days with focus on margins
Walmart (NYSE:WMT) Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload menswear…
Henkel expects net financial loss from sale of Russia business
Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business.…
Novavax stock dips as TD Cowen moves to sidelines, cuts target by over 80%
TD Cowen analysts downgraded Novavax (NASDAQ:NVAX) stock to Market Perform from Outperform, citing “significant uncertainties about the pending Gavi arbitration & commercial…
Lordstown Motors gets Nasdaq delisting notice, explores reverse stock split
(Reuters) – Lordstown Motors Corp said on Thursday it has received a delisting notice from Nasdaq and is evaluating actions…
Luxury industry under scrutiny as EU targets Gucci and others
(Reuters) – Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a…
Philip Morris trims annual profit forecast on elevated costs
(Reuters) -Marlboro maker Philip Morris International Inc (NYSE:PM) cut its full-year profit forecast on Thursday, hit by rising tobacco leaf…
Nokia profit misses forecast, expects stronger second half
(Reuters) -Nokia on Thursday reported operating profit below market expectations for the first quarter and the Finnish company said it…
Truck maker Volvo hikes market outlook as Europe supply woes fade
(Reuters) – Sweden’s AB Volvo lifted its outlook for key heavy-duty truck markets in Europe and North America this year…
BMW skids into ice cream melee at Shanghai auto show
(Reuters) – Chinese internet users berated German automaker BMW on Thursday, accusing it of discrimination at the Shanghai auto show…
Woodford investors offered up to $292 million over fund failure
(Reuters) – Investors in the failed equity income fund run by fallen star stock picker Neil Woodford have been offered…