LONDON (Reuters) - British retailers reported another big fall in the prices they charge in early March as the sector grappled with the continued closure of non-essential stores because of COVID lockdown measures, a trade body said on Wednesday. The British Retail Consortium said its members saw prices fall by an annual 2.4%,...
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By Michelle Price and Katanga Johnson WASHINGTON (Reuters) - The implosion of New York-based Archegos Capital Management and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks. Scrutiny of nonbanks was already a priority for Democratic lawmakers and Treasury Secretary Janet Yellen after hedge funds...
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WASHINGTON (Reuters) - Volkswagen (DE:VOWG_p) AG's U.S. unit will not change its name even after the German automaker issued a statement on Tuesday saying it would, three sources briefed on the matter said. The German automaker's news release saying it would change its name to "Voltswagen of America" was a marketing stunt aimed at drawing attention to the company's electric vehicle...
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(Reuters) - A new musical about Princess Diana will premiere on Netflix (NASDAQ:NFLX) before a planned opening on Broadway in December, producers said on Tuesday, in an innovative move to promote the project. In one of the first Broadway shows to announce a firm date following a pandemic-induced shutdown of more than a year, "Diana: The Musical" will have its opening night...
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WASHINGTON (Reuters) - Honda Motor Co said on Tuesday it will recall about 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to engine problems. The recall includes 628,000 U.S. vehicles and covers various 2018-2020 model year Acura and Honda vehicles. Honda has received no reports of crashes or injuries related to the issue. The recall covers some...
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By Yasin Ebrahim Lululemon Athletica (NASDAQ:LULU) reported fourth-quarter results that beat analysts' forecasts as the sportswear retailer fashioned strong growth abroad. Lululemon Athletica was down less than 1% in aftermarket hours. Lululemon Athletica announced earnings per share of $2.58 on revenue of $1.73 billion. Analysts polled by Investing.com anticipated EPS of $2.49 on revenue of $1.66 billion. The beat...
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By Yasin Ebrahim Investing.com – The S&P 500 huffed and puffed Tuesday, but ultimately struggled to cut its losses as megacap tech couldn't find a way to return to the top of the list of fashionable investing despite a slip in U.S. bond yields. The S&P 500 was 0.2% lower, but had been down nearly 1%, the Dow Jones Industrial Average fell 31%,...
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(Bloomberg) -- Groceries helped the billionaire Weston family amass Canada’s third-biggest fortune. Now, after four generations making and selling food, the Westons are paying more attention to the land underneath their stores. George Weston Ltd. said last week that it would sell off Weston Foods, the commercial bakery business that gave the company its start in 1882. In turn, the company...
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By Christiana Sciaudone Investing.com -- Financials recovered from Monday's Archegos Capital-induced slide, but it wasn't enough to push the major indexes higher. Now everybody's waiting to see what President Joe Biden has up his sleeves for the next round of government spending. The S&P 500, Dow Jones Industrials and Nasdaq Composite all closed modestly lower on the day, but pared deeper losses from...
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Lululemon Athletica (NASDAQ:LULU) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Lululemon Athletica announced earnings per share of $2.58 on revenue of $1.73B. Analysts polled by Investing.com anticipated EPS of $2.49 on revenue of $1.66B. Lululemon Athletica shares are down 8.94% from the beginning of the year and are trading...
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