Stocks are sharply lower, with European stocks trading ugly right from the start.» Read More
*Shares touch a high of $24, above IPO price $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.
PARIS, July 31- Carrefour, the world's second-largest retailer which reported higher first-half profits on Thursday, said it will slow down investment in Argentina in response to the country's second debt default in 13 years. "Argentina weighs on the stock although the group's exposure to the country is limited," said a Paris- based trader.
*Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.
PARIS, July 31- Carrefour, the world's second-largest retailer, reported higher first-half profitability in its core French business and in Brazil and Argentina, while China stayed under pressure.
July 31- Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Cornell, who has spent nearly a decade at PepsiCo, was a contender to succeed PepsiCo CEO Indra Nooyi, the Journal said.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
Costco Wholesale Corp. fell$. 72 or. 6 percent, to $118.18. Target rose$. 28 or. 5 percent, to $61.38. Wal-Mart Stores Inc. fell$. 66 or. 9 percent, to $74.78.
NEW YORK— Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
Whole Foods Market reported quarterly earnings that beat analysts' expectations on Wednesday, but revenue trailed.
*Keeps full-year adj profit forecast of $7- $7.25/ share. July 30- Energizer Holdings Inc said it intends to spin off by next July its struggling household products business, which includes Energizer and Eveready batteries.
NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 65 or. 5 percent, to $118.25. Wal-Mart Stores Inc. fell$. 52 or. 7 percent, to $74.92.
Corporate America may have another tax-avoidance trick up its sleeve, what some are calling 'outversions.'
Best Buy, survivor of a breed that once included competitors like Circuit City, is trying to stay relevant. Re/code reports.
NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. fell $1.11 or. 9 percent, to $117.79. Wal-Mart Stores Inc. fell$. 32 or. 4 percent, to $75.12.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Corning Inc., down $2.05 to $20. CenturyLink Inc., up $2.19 to $39.90.
Walmart's e-commerce operations' tech arm acquired the social shopping site Luvocracy and plans to shut it down. Re/Code reports.
Investment banks have collected, or will soon collect, $1B in fees to help American companies "move" abroad. NYT reports.
Costco Wholesale Corp. fell$. 43 or. 4 percent, to $117.12. Target fell$. 09 or. 1 percent, to $60.30. Wal-Mart Stores Inc. fell$. 26 or. 3 percent, to $75.71.
*Company to beat Dollar General as top N. America discount chain. July 28- Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp..
If Dollar Tree and Family Dollar complete a merger, stores should improve markedly, which may raise concern for competitors.