Sept 18- Rite Aid Corp cut its full-year profit forecast for the second time in about three months due to lower margins in its pharmacy business, sending its shares down more than 16 percent.» Read More
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.
NEW YORK, June 18- The dollar retreated against the euro and the yen on Wednesday as the Federal Reserve struck a dovish tone in its post-meeting statement, slashing its forecast for economic growth and suggesting long-term rates could be lower than previously indicated. said Mark McCormick, currency strategist at Credit Agricole in New York. "
WASHINGTON, June 18- The Federal Reserve on Wednesday slashed its forecast for U.S. economic growth this year but expressed confidence the recovery was largely on track and would allow it to begin raising interest rates in 2015..
June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
BANGKOK, June 18- Thailand's central bank cut this year's growth forecast nearly by half to 1.5 percent but sees a much brighter 2015 as the new military government tries to reinvigorate the economy after prolonged political turmoil.
BANGKOK, June 18- Thailand's central bank left its key interest rate unchanged on Wednesday, as expected, and cut its economic growth forecast for 2014 nearly by half to 1.5 percent.
GROWTH FORECAST TO 2 PCT FOR 2014 FROM APRIL FORECAST OF 2.8 PCT, DUE TO WEAK FIRST QUARTER.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank's reduction of its global growth forecast.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.
NEW YORK, June 11- Stocks retreated from recent highs on Wednesday, pressured by a lower World Bank growth forecast and a profit warning from Lufthansa, while crude oil rose on fears of disrupted supply from Iraq.
LONDON, June 11- European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks. Air France KLM fell 6.1 percent, International Consolidated Airlines Group dropped by 3.5 percent and the regional STOXX Europe 600 Travel& Leisure Index fell 1.5 percent, making it the worst-performing equity sector.
LONDON, June 11- European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks. Air France KLM fell 6.2 percent, International Consolidated Airlines Group dropped by 5 percent and the regional STOXX Europe 600 Travel& Leisure Index fell 1.8 percent- making it the worst-performing equity sector.
*Deutsche Lufthansa profit warning sees selling of airlines. EDINBURGH, June 11- European stocks turned negative on Wednesday after a profit warning from German airline Deutsche Lufthansa rocked the travel and leisure sector.
PARIS, June 10- Steel pipes maker Vallourec warned on Tuesday that core profit would drop 10 percent this year as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.
PARIS, June 10- Steel pipes maker Vallourec warned core profit would be 10 percent lower in 2014 compared with 2013' s 920 million euros as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.
*Raises full-year profit forecast to $1.05- $1.17/ share. The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million, assuming comparable-store sales would remain flat at best for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.
The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million assuming a low single-digit decrease to flat comparable sales for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.
BEIJING, June 5- The International Monetary Fund cut its 2015 economic growth forecast for China to about 7 percent, but urged authorities to avoid further stimulus measures and concentrate on curtailing financial risks instead.
June 2- Krispy Kreme Doughnuts Inc cut its adjusted earnings forecast for the full year as it expects a rise in costs related to technology upgrades and management changes, sending its shares down 9 percent in extended trading. The company cut its fiscal 2015 adjusted earnings forecast to 69- 74 cents per share from 73- 79 cents.
MEXICO CITY, May 23- Mexico's economy grew less than expected in the first quarter due to weak domestic demand and sluggish industrial activity, prompting the government to slash its growth outlook to below three percent for 2014..