The full extent of the problems facing the U.K.'s "big four" supermarket chains was underlined on Thursday, with a profit warning by WM Morrison.» Read More
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.
SAO PAULO, March 13- France's Carrefour SA could raise as much as 5 billion reais from the sale of a stake in its Brazilian unit, one source with direct knowledge of the situation said, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.
LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.
Dollar General follows Wal-Mart Stores Inc, Target Corp, Kohl's Corp and other retailers catering to lower-income shoppers in reporting weaker-than-expected sales for what analysts have called a particularly competitive holiday season.
March 12- Empire Co Ltd, the operator of Canadian grocery chain Sobeys, reported a steep fall in quarterly profit, hurt by higher inventory losses and higher costs due to a weaker Canadian dollar. Net earnings fell to C $40,000, or nil Canadian cents per share, in the third quarter, ended Feb 1, from C $74.1 million, or C $1.09 per share, a year earlier.
The fuel cell maker is actively deceiving investors with guidance and is worth a fraction of its current price, says Andrew Left of Citron Research.
Copper continues to crumble amid China growth worries and a weak Yuan. Strong global growth is key to keep stocks at records.
Wal-Mart said that U.S. sales have improved after bitter cold dented business.
BERLIN, March 10- Initial inspections of Bangladesh garment factories organised after the collapse of the Rana Plaza complex have found safety problems including overloaded ceilings, exposed cables and locked fire escapes, an industry-backed group said on Monday.
CNBC’s Jim Cramer explains why some experts think 3-D printing stocks could fall further after an epic run last year.
Some of the names on the move ahead of the open.
Japan Inc. doubled profits last year, much of these gains were simply a reflection of dollars and euros translating into more yen. The FT reports.
Will forthcoming earnings and events confirm that the economy is, indeed, growing as the jobs report suggests?
Running a traditional US supermarket chain is an increasingly tough business, but companies such as Safeway still provide steady cash flows.
Not only are Target's sales taking a hit in the aftermath of its data breach: fewer people are going there in the first place.
The ratio of women to men in management-level positions has stagnated and, at the current rate, it will take 75 years for there to be equal numbers of men and women at the top level.
*Sales rise 6 pct to $25.76 bln, misses est $26.65 bln. March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in quarterly profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down as much as 3.6 percent.
As shoppers continue to shift their spending to the Web, traditional retailers are missing out on the impulse buy.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.