Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The launch comes as Apple's laptops have been criticized for a keyboard that users say breaks easily and results in key presses that cause characters to double up or not...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
The U.S. State Department's current offer is the final one, according to multiple sources.Politicsread more
Ahold Delhaize, which operates supermarkets in the United States and Europe, said on Wednesday its first-quarter net income rose 2.4 percent, lifted by solid growth in online sales and the Netherlands.
In April, Ahold had said the strike at Stop & Shop would result in a one-time reduction in underlying operating profit of around $100 million due to lost sales and inventory.
The Dutch-Belgian supermarket operator reiterated on Wednesday that the underlying operating margin for the group for 2019 would be slightly lower that 2018. It expects free cash flow of about 1.8 billion euros in 2019.
All sales targets, including for online sales, were on track, Chief Executive Fans Muller said.
Net income in the three-month period came in at 435 million euros ($487 million) at constant exchange rates. Analysts polled by the company had forecast net income of 440 million euros on average.
Sales rose 1.5 percent to 15.9 billion euros in the quarter, also in line with expectations.
Underlying earnings before interest, taxation, debt and amortisation (EBITDA) slipped 0.4 percent to 1.36 billion euros, compared with the same period a year earlier, while Ahold's free cash flow was negative by 136 million euros "due to the timing of Easter, greater capital expenditure and higher income taxes paid," the company said.
The strike involved 30,000 workers in Connecticut, Massachusetts and Rhode Island. Ahold said all employees would receive better pay, and those eligible would receive continued health insurance and pension benefits.
The deal would have no impact on Ahold's goal of reducing its overall costs by 540 million euros ($608 million) in 2019, the company said on Wednesday.