Edition:
United Kingdom

Uday Sampath Kumar

UPDATE 1-FDA proposes shorter deadline for e-cigarette applications

13 Jun 2019

June 13 The U.S. Food and Drug Administration said it can advance the date for the submission of e-cigarette applications, a proposal that could pile more pressure on companies such as Juul Labs Inc, in response to ruling on a lawsuit by anti-tobacco groups.

Quebec real estate developer tops Air Canada buyout offer for Transat

04 Jun 2019

Real estate developer Group Mach Inc said on Tuesday it offered to acquire Canadian tour operator Transat AT Inc for C$527.6 million ($392.9 million), topping an earlier offer from Air Canada.

Google says issues affecting YouTube, Gmail, Google Cloud in U.S. resolved

03 Jun 2019

Alphabet Inc's Google said on Sunday it had resolved the network congestion in the eastern United States that affected services in Google Cloud, G Suite and YouTube.

Golf industry upturn is more Trump than Tiger

31 May 2019

Tiger Woods' Masters' triumph last month was an epic comeback for the former world number one after an 11-year major title drought, but it is Donald Trump who may better symbolize the U.S. golf industry's improving fortunes after a long lean spell.

Gap cuts profit forecast after 'extremely challenging' quarter; shares slump 11%

31 May 2019

Gap Inc cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences.

Abercrombie & Fitch shares plummet 25% on sluggish Hollister demand

29 May 2019

Abercrombie & Fitch Co's shares fell 25% on Wednesday after the apparel company forecast second-quarter sales below estimates amid slowing demand for Hollister, a brand that has fueled company growth over the last two years.

J.C. Penney sales fall short, net loss doubles; shares sink

21 May 2019

Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday. | Video

Home Depot same-store sales disappoint, warns of tariff impact

21 May 2019

Home Depot Inc on Tuesday blamed wet weather in February and a slump in lumber prices for its slowest growth in quarterly same-store sales in at least three years, while warning of a $1 billion impact from new tariffs on Chinese imports.

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