[ad_1] (Reuters) – Macy’s Inc (M.N) shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anaemic holiday season, sending a chill
[ad_1] SAO PAULO (Reuters) – Brazilian telecoms carrier Oi SA (OIBR4.SA) has hired Bank of America Merrill Lynch to sell noncore assets such as cellphone towers and data centers, two people with knowledge of the
[ad_1] LONDON (Reuters) – Angry investors forced Debenhams (DEB.L) Chief Executive Sergio Bucher off the board on Thursday, and the chairman out of the company, after another plunge in sales left the department store group
[ad_1] RALEIGH, N.C. (Reuters) – The ongoing partial shutdown of the U.S. government could increase uncertainty surrounding the state of the economy and the direction of interest rates, Richmond Federal Reserve President Thomas Barkin said
[ad_1] LONDON (Reuters) – Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a slump in European diesel sales.
[ad_1] NEW DELHI (Reuters) – The Reserve Bank of India is accountable to the government and should make policies within the framework set by the government, according to a former central bank chief now heading
[ad_1] WASHINGTON, Jan 10 (Reuters) – The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy’s
[ad_1] LONDON (Reuters) – British retailers suffered their worst Christmas since the depths of the financial crisis a decade ago as cautious customers forced high street stores such as John Lewis and Debenhams to slash
[ad_1] LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to cut thousands of jobs as the company faces lower demand in China and a slump in sales of diesel cars in
[ad_1] TOKYO (Reuters) – Fast Retailing Co Ltd, the owner of Uniqlo, posted a surprise drop in profit as unseasonably warm weather hit sales of winter clothes, and outlined a tough second quarter as it
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