Edition:
United Kingdom

Uday Sampath Kumar

Bengaluru airport readies new terminal as Indian air travel explodes

10 Jan 2019

BENGALURU Bengaluru's international airport is expecting passenger traffic to surge nearly 70 percent in an expansion over the next two years as multinational companies pour money into the city known as the Silicon Valley of India.

North America, online sales power Nike's quarterly results beat

21 Dec 2018

Nike Inc's quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.

Instacart, Amazon's Whole Foods relationship to end next year

13 Dec 2018

Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc bought the upmarket grocer last year.

Altria to marry pot with big tobacco in $1.8 billion Cronos deal

07 Dec 2018

Marlboro cigarette maker Altria Group Inc announced a $1.8 billion investment in Cronos Group Inc on Friday, which could give it up to 55-percent ownership of the Canadian cannabis producer.

Abercrombie & Fitch forecasts upbeat holiday quarter, shares soar

29 Nov 2018

U.S. teen apparel retailer Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts' estimates on Thursday, driven by strong sales at its Hollister and flagship stores, sending its shares soaring 24 percent in early trading.

Tiffany sales to Chinese tourists disappoint, shares fall sharply

28 Nov 2018

Tiffany & Co on Wednesday reported quarterly sales that missed estimates as Chinese tourists spent less than expected at the jeweler's stores in the United States and Hong Kong, a shortfall that sent the company's shares down as much 13 percent.

RPT-Campbell ends proxy fight with Third Point, adds directors

26 Nov 2018

NEW YORK, Nov 26 Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund's nominees to the U.S. food company's board and giving the activist investor a say in selecting Campbell's next CEO, the company said.

Campbell ends proxy fight with Third Point, adds directors

26 Nov 2018

NEW YORK Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund's nominees to the U.S. food company's board and giving the activist investor a say in selecting Campbell's next CEO, the company said.

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