By Harish Sridharan (Reuters) -Retailer Woolworths Group posted a nearly flat annual profit on Thursday, and said supply chain snarls and team absenteeism have dented sales of its key Australian Food business at the start of the new fiscal year. Lockdowns through the course of the year and mandatory staff isolations blew up expenses for…
By Leroy Leo (Reuters) -Salesforce Inc on Wednesday cut its annual revenue and profit forecasts over “measured” spending from clients and a hit from a stronger dollar, sending its shares down 7% in extended trading. Salesforce also announced stock repurchase of up to $10 billion, its first-ever buyback, while warning of challenges in North America…
(Reuters) – Amazon.com Inc plans to shut down its virtual healthcare service by the end of this year, the retailer said on Wednesday, as a deal to buy a rival provider awaits regulatory approval. Company executive Neil Lindsay told staff that Amazon Care, which lets business customers offer digital or at-home doctors’ visits to their…
(Reuters) – White House National Domestic Policy Council Director Susan Rice on Wednesday told reporters that the Biden administration has yet to determine the price tag for President Joe Biden’s newly announced student debt relief program, adding it will depend on how many people apply for relief. “That remains to be determined and it will…
SACRAMENTO, Calif. (AP) — Sephora Inc., one of the world’s largest cosmetics retailers, has settled a lawsuit claiming that the company sold customer information without proper notice in violation of the California’s landmark consumer privacy law, state Attorney General Rob Bonta said Wednesday. Sephora failed to tell customers that it was selling their personal information,…
By Herbert Lash NEW YORK (Reuters) – The dollar rose and Treasury yields jumped on Wednesday ahead of a speech in two days by Federal Reserve Chair Jerome Powell that may affirm the U.S. central bank’s aggressive policy to tame inflation or signal a “pivot” to subdued interest rate hikes. U.S. and European shares gained…
(Corrects Brent settlement price in paragraph 3) By Laura Sanicola (Reuters) -Oil prices ended Wednesday higher after a volatile trading session on concerns that the United States will not consider additional concessions to Iran in its response to a draft agreement that would restore Tehran’s nuclear deal – and potentially the OPEC member’s crude exports….
NEW YORK (AP) — Peloton’s high-end exercise bikes and other gear will now be able to be bought on Amazon in the U.S., a partnership aimed at boosting the fitness company’s sales that have languished since the easing of pandemic lockdowns. “We want to meet consumers where they are, and they are shopping on Amazon,”…
By Markus Wacket BERLIN (Reuters) – Germany’s government is concerned about possible problems with the coal supply for power plants in the autumn and winter due to low water levels on the river Rhine and the oil supply in eastern parts of the country, a document seen by Reuters said. Europe’s biggest economy is trying…
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge on Wednesday declined to appoint an equity committee in Revlon Inc’s bankruptcy, rejecting a minority shareholder demand for a greater say in the cosmetics company’s restructuring. U.S. Bankruptcy Judge David Jones in Manhattan said shareholder interests were already represented in the bankruptcy by Revlon, majority shareholder…
