M&S Earnings Tumble, Profit Warning Rattles Investors

Related Link: 

British retailer reported a 19% drop in fiscal-year profit, warning that more investment to turn around its struggling clothing and home-products business would put a near-term squeeze on margins. M&S shares fell sharply at the London open.

Toyota and Uber Reach Investment, Lease Partnership

Related Link: 

Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

Monsanto Rejects Bayer Merger Bid, Will Weigh Talks

Related Link: 

Monsanto rejected Bayer’s $62 billion takeover offer, saying the biotech seed giant’s business merited a higher price, though Monsanto said it remains open to further talks on a deal.

Auto, Mortgage Delinquencies Rise in Energy Regions

Related Link: 

The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.

HP Enterprise Plans Spinoff, Deal With Computer Sciences

Related Link: 

Hewlett Packard Enterprise Co. plans to spin off most of its technology services operations and merge them with those of Computer Sciences Corp., in an $8.5 billion transaction that marks HP Enterprise’s latest adjustment to a shifting landscape that is roiling the market for corporate technology.

More Young Adults Living With Parents Than a Romantic Partner

Related Link: 

For the first time in the modern era, young adults are more likely to live with their parents than with a spouse or partner, according to a new study by Pew Research Center.

Redstone Taps New Stewards

Related Link: 

Sumner Redstone has appointed three new stewards of his media holdings, after dismissing top associates from those duties last week.

Will Fannie and Freddie Need Another Bailout?

Related Link: 

The core businesses of the mortgage-finance companies are remarkably healthy. But a mix of accounting and politics could cause one or both to need another taxpayer bailout.

The Libor Mess: How It Will Hit Bank Profits

Related Link: 

The threat of big settlements in Libor litigation may weigh on the earnings of J.P. Morgan, Citigroup and Bank of America.

Applied Materials: Dialed In to the iPhone Rumor Mill

Related Link: 

Future iPhone models may use OLED displays, which would boost demand for Applied Materials’ manufacturing tools.

Syndicate content