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July 4, 2022

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U.S. drug distributors prevail in $2.5 bln West Virginia opioid case

Reuters
Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File Photo Register now for FREE unlimited access to Reuters.com Register July 4 (Reuters) – Major U.S. drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health Inc (CAH.N) are not responsible for fueling......

U.S. July Fourth cookouts feel the heat of soaring food prices

Reuters
CHICAGO, June 30 (Reuters) – Summer cookouts are getting more expensive ahead of the U.S. Independence Day holiday, forcing Americans to make tough decisions about how they celebrate. Prices for barbecue items such as hamburgers, hot dogs, potato salad, baked beans and lemonade climbed 17% compared with a year ago,......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

Two suspects charged after death of 51 migrants in sweltering Texas truck

Reuters
SAN ANTONIO, Texas, June 28 (Reuters) – At least 51 migrants have died after being trapped inside a sweltering tractor-trailer truck found abandoned in Texas, authorities said on Tuesday, as two Mexican nationals tied to the smuggling incident were charged in U.S. federal court. The deceased migrants, 39 men and......

Amazon names veteran Herrington as head of consumer business

Reuters
The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Amazon.com Inc (AMZN.O) on Tuesday named Doug Herrington as the head of its consumer business, tasking the......

Some shoppers balk at retailers peddling new ‘Juneteenth’ merchandise

Reuters
NEW YORK, June 19 (Reuters) – Clothing retailer Kohl’s (KSS.N) is offering gray, green and red “Juneteenth 1865” tank tops and t-shirts for juniors and boys for $23.99. JCPenney.com hopes to lure shoppers with dozens of wall hangings featuring abstract graphic designs and silhouettes of Black women, priced at $60......

COVID vaccine rollout for U.S. children close after CDC panel vote

Reuters
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 18 (Reuters) – A panel of advisers to the U.S. Centers for Disease Control and Prevention......

Tesco says Britons buying less and trading down to navigate inflation

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Says market environment is “incredibly challenging” Customers are increasing shopping trips, buying less Customers also buying cheaper products Reiterates full-year outlook LONDON,......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

As top U.S. retailers drown in goods, rotation to services picks up inflation slack

Reuters
WASHINGTON, June 9 (Reuters) – Major retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) may be cutting prices to clear overstocked warehouses, but for hotel operators the revenue is pouring in with daily room rates and occupancy that have broken above pre-pandemic levels. The pace of used car price......

Target warns of more margin squeeze as excess inventory weighs

Reuters
June 7 (Reuters) – Target Corp (TGT.N) on Tuesday cut its quarterly profit margin forecast issued just weeks earlier, and said it would have to offer deeper discounts to clear inventory as decades-high inflation takes a toll on demand. The surprise outlook revision sent shares of Target down nearly 7%......

Canada’s move to bulk up antitrust muscle may miss root of problem

Reuters
TORONTO, June 5 (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.......

Walmart says some suppliers working with retailer to cut prices

Reuters
The logo of a Walmart Superstore is seen in Rosemead, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni/File Photo Register now for FREE unlimited access to Reuters.com Register BENTONVILLE, Ark., June 3 (Reuters) – Senior Walmart Inc executives said on Friday some suppliers have been responding to the largest U.S. retailer’s......

Walmart shareholder proposal for report on abortion ban impact fails

Reuters
BENTONVILLE, Ark., June 1 (Reuters) – Walmart Inc (WMT.N) shareholders on Wednesday struck down by an overwhelming margin an activist investor-led proposal asking the retailer to produce a report assessing the impact on its employees if the U.S. Supreme Court rolls back abortion rights. The proposal, made by Clean Yield......

GameStop quarterly revenue beats estimates on higher demand for video games

Reuters
People walk by a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – GameStop Corp (GME.N) reported first-quarter revenue that exceeded market expectations on Wednesday, as the video game retailer pivots toward a more online-focused......

Britons step up supermarket visits in search for value

Reuters
People shop at a supermarket in London, Britain, December 24, 2021. REUTERS/Kevin Coombs/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 31 (Reuters) – Britons’ visits to supermarket stores rose 7% year-on-year in the four weeks to May 21 as they shopped around for the best prices......

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Reuters
NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while......

Britain’s M&S pulls out of Russia and warns on outlook

Reuters
A woman walks past a Marks & Spencer store at Oxford Street in London, Britain, July 20, 2020. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register 2021-22 underlying pretax profit 522.9 mln pounds Made ‘encouraging’ start to 2022-23 But says starting year from lower profit base......

Best Buy earnings expected to fan inflation gloom gripping America’s retailers

Reuters
A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s (BBY.N) quarterly earnings on Tuesday after results from......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

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