Kohl’s cuts annual forecast, as it gets stung with inflation
NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a…
Headlines
McDonald’s era in Russia coming to a close, restaurants sold
McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of…
Cisco Falls On Dismal Outlook As Supply Shortage Bites
(Reuters) – Cisco Systems Inc shares were down 10% premarket on Thursday after the company warned of persisting shortages in…
Spirit tells shareholders to reject hostile bid from JetBlue
Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile…
Grab Says Worst Of Pandemic Over, Forecasts Rebound In Business
By Nivedita Balu (Reuters) -Grab Holdings Ltd, Southeast Asia’s No. 1 ride-hailing and food delivery firm, on Thursday forecast a…
More Americans apply for jobless benefits last week
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits…
McDonald’s To Sell Russia Business To Current Licensee
(Reuters) – McDonald’s Corp said on Thursday it has agreed to sell its Russian business to current licensee Alexander Govor,…
Canada Goose Forecasts Strong Year On Resilient Luxury Demand
(Reuters) -Canada Goose Holdings Inc forecast annual earnings and revenue above Wall Street expectations after reporting a surprise quarterly profit…
Kohl’s Becomes Latest Retailer To Warn Of Inflation Eating Into Profits
(Reuters) – Kohl’s Corp cut its full-year earnings forecast on Thursday, joining some of America’s biggest retailers in warning that…
Ford Recalls 39,000 U.S. SUVs After Engine Fire Reports
By David Shepardson WASHINGTON (Reuters) -Ford Motor Company said Thursday https://media.ford.com/content/fordmedia/fna/us/en/news/2022/05/19/ford-motor-company-recalls-expedition-navigator.html it was recalling 39,000 SUVs after reports of 16…