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Nordstrom shares surge 32% as shoppers return to Rack stores
(Reuters) - Shares of Nordstrom Inc soared more than 32% on a faster-than-expected recovery at the company's off-price Rack outlets that raised hopes about the department store's ability to stanch fur...
Syndicated Content Mar 02, 2022
Citigroup sets new profitability targets in bid to win over investors
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc set new profitability targets on Wednesday, aiming for a medium-term return on equity of 11% to 12%, an improvement from recent...
Syndicated Content Mar 02, 2022
Dollar Tree forecasts bleak annual targets as product shortages hurt
(Reuters) -Discount store Dollar Tree Inc forecast full-year sales and profit largely below analysts' estimates on Wednesday, hurt by product shortages and higher labor costs due to global supply chai...
Syndicated Content Mar 02, 2022
Abercrombie misses holiday-quarter sales estimates on Omicron, supply chain hit
(Reuters) -Clothes retailer Abercrombie & Fitch Co missed quarterly sales estimates on Wednesday with product shortages and Omicron-driven COVID-19 curbs taking the shine off holiday-season business, ...
Syndicated Content Mar 02, 2022
Nord Stream 2 says it has not filed for insolvency
(Reuters) - Swiss-based Russian gas pipeline operator Nord Stream 2 AG has not filed for insolvency, it said on Wednesday. "We do not confirm the media reports that Nord Stream 2 has filed for bankrup...
Syndicated Content Mar 02, 2022
European officials aiding Ukrainian refugees targeted with malware -researchers
By James Pearson LONDON (Reuters) - An unidentified state actor is targeting European officials with malicious software in an apparent attempt to try and disrupt efforts to assist Ukrainian refugees, ...
Syndicated Content Mar 02, 2022
Fitbit recalls smartwatches owing to burn hazard
(Reuters) - Google-owned fitness tracker maker Fitbit has recalled its Ionic smartwatches due to a burn hazard, one million of which were sold in the Unites States, the U.S Consumer Product Safety Com...
Syndicated Content Mar 02, 2022
Futures make tentative gains ahead of Powell testimony
By Devik Jain (Reuters) - U.S. stock index futures notched cautious gains on Wednesday, ahead of Federal Reserve Chair Jerome Powell's testimony for clues on interest rates as the Ukraine crisis exace...
Syndicated Content Mar 02, 2022
Ford to run EV, ICE businesses separately
(Reuters) - Ford Motor Co said on Wednesday its electric vehicle (EV) and internal-combustion engine (ICE) units would be run as separate entities, in a move aimed at supercharging its EV business as ...
Syndicated Content Mar 02, 2022
Turkey’s trade deficit surges, energy costs add to risks
By Nevzat Devranoglu ISTANBUL (Reuters) - Turkey's trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, data showed on Wednesday, as soaring commod...
Syndicated Content Mar 02, 2022
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