Walmart offloads second e-fashion brand in days with focus on margins
(Reuters) – Walmart Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload…
Business
Henkel expects net financial loss from sale of Russia business
(Reuters) – Henkel on Friday said it expects to see a net financial loss in the deal to sell its…
Oil rises but post weekly loss as economic uncertainty weighs
By Erwin Seba HOUSTON (Reuters) -Oil prices edged higher on Friday on strong economic data in the euro zone and…
Vanguard bought large banks’ bonds on the cheap during March turmoil
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during…
US unions call on railroads to halt buybacks, ditch lean operating model
By Amna Karimi (Reuters) – U.S. labor unions called on railroad operators to halt all stock buybacks until they improve…
US dollar flat to modestly higher as upbeat data backs May rate hike
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was little changed to slightly higher against major currencies on…
Italy’s antitrust authority moves against Meta in music rights case
MILAN (Reuters) – Italy’s antitrust authority said on Friday it had taken measures against Meta Platforms over allegations it abused…
Ford defeats class action appeal over F-150, Ranger trucks’ fuel economy
By Jonathan Stempel (Reuters) – Ford Motor Co on Friday defeated an appeal by consumers who said the automaker cheated…
Analysis-Bearish fundamentals, buoyant charts complicate outlook for US stocks
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held…
SAP to embed ChatGPT in products as quarterly revenue beats estimates
By Andrey Sychev and Supantha Mukherjee (Reuters) – Business software maker SAP on Friday reported first-quarter revenue above analysts’ expectations,…