May 3- Perfume maker Coty Inc reported its first profit miss in seven quarters, hurt by higher costs and weak demand for products such as Sally Hansen nail polishes in the United States. Sales in the Americas fell 7.3 percent to $366 million in the three months ended March 31. Coty reported a net loss of $26.8 million, or 8 cents per share, compared with a net income of... » Read More
Altria Group said its shareholders will receive 0.692024 of a Kraft Foods share for each Altria share held as of the close of business on March 16 as it completes its spinoff of the largest North American food maker.
Electronic Arts, the world's biggest game publisher, said on Tuesday it would buy a stake in South Korea's Neowiz for about $105 million and jointly develop games for Asian markets.
But P&G shares. which had been trading at all-time highs, fell as organic sales fell short of expectations and third-quarter earnings were estimated to be a bit weaker than expected
Household products company Colgate-Palmolive said net income rose to $401 million, or 73 cents a share, from $361.2 million, or 65 cents a share, a year ago.
The maker of Huggies diapers and Kleenex tissue said it was optimistic about its sales and profit prospects for 2007 based on improvements it saw in the second half of 2006.
This morning’s University of Michigan Survey of Consumers showed consumer confidence is the highest it’s been in three years. No one denies that America is a nation of spenders, but not everyone knows that the personal savings rate in this country has been in the red for more than 20 months now – and the last time it was negative was during the Great Depression..
Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
Apparently, the urge to merge persists well into December. CNBC’s Bob O’Brien explained which companies are rumored to be takeover targets, today.
Nothing smells sweeter than success. And in the perfume business, celebrity branding has made dollars in "scents," generating $150 million in sales. CNBC's Jane Wells has a nose for what's hot.
With Wal-Mart approaching nearly a billion dollars in sales a day, its no surprise that many companies earn a significant portion of their annual revenues from supplying Wal-Mart stores. This unique relationship between retail giant and its top vendors is now tracked in a brand new index, offered by the International Securities Exchange and Revere Data. Can investors make money off this index? CNBC’s Sue Herera found out today on ‘Power Lunch.”
The arrival of cold weather and last minute shoppers have traditionally helped boost U.S. retail sales each December. But with the recent streak of unseasonably warm weather across parts of the nation, many apparel merchants are appearing to "sweat." On today’s "Power Lunch," CNBC’s Bill Griffeth asked whether shoppers will buy sweaters and coats; high ticket items that usually account for a large percentage of total December sales.
Our auto-industry reporter predicts China may enter the American market, Ford may seek a merger -- and Toyota will keep racking up sales.
Coca-Cola named Muhtar Kent its chief operating officer, making him the frontrunner to succeed Chief Executive Neville Isdell.
How hot is the leveraged buyout (LBO) craze? Credit Suisse just put out a report upgrading bookseller Barnes and Noble. Is business improving? The main reason for the upgrade is that the company is "one of the best-positioned LBO type candidates in our universe." They note the company has consistent cash flow and a cheap valuation.
With Microsoft’s Xbox and Sony’s PlayStation 3 crowding the videogame market, Nintendo’s Wii has plenty of competition. But the newcomer to the gaming console sector is doing just fine, IGN's Chris Carle told “Squawk Box.”
Shares of Home Depot have been trading lower after the second largest U.S. retailer reiterated that no talks have taken place involving a leveraged buyout. Deal rumors boosted share price nearly 3% on Friday. On CNBC’s “Squawk on the Street,” David Faber revealed what’s going on with Home Depot.
From cars to furnishings to fragrences, you'll find what's on the lists of luxury shoppers., according to the latest survey of the Luxury Institute.
If you're counting on a big-end-of-year bonus and you're looking to spend it before you have the money in hand, Kate Betts, editor, of Time Magazine's Style & Design displayed a few big-big-ticket items on "Power Lunch" today.
America is seeing another British invasion – and a Japanese and Brazilian juggernaut – in its retail stores. CNBC’s Margaret Brennan told “Morning Call” that international travelers are swarming over the U.S. this holiday season. As the Yankee greenback drops versus the euro, the yen and the British pound, America is becoming the destination of choice – for luxury shoppers.
Kim Jong-il has been a very naughty dictator. So Uncle Sam is making sure the North Korean leader will get little but coal in his Christmas stocking. William Reinsch, president of the National Foreign Trade Council, told Carl Quintanilla on “Squawk Box” that the U.S. is taking a novel approach to fighting a totalitarian menace: by cutting off his pipeline of luxury imports.