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  • Aug 18- Cosmetics maker Estee Lauder Cos Inc forecast full-year profit ahead of analysts' estimates and posted higher-than-expected quarterly results, driven by strong demand for its brands such as M.A.C, Tom Ford and Smashbox. Sales in the company's makeup unit, which sells brands such as Tom Ford, Smashbox and La Mer, rose 16 percent to $1.31 billion.

  • Aug 18- India's No. 2 IT Services company Infosys Ltd said Vishal Sikka had resigned as managing director and chief executive of the company with immediate effect, sending shares tumbling more than 7 percent in early trading on Friday. The founders, who still own 12.75 percent of the firm, had questioned a pay rise granted to Sikka and the size of severance payouts...

  • *Old Navy sales again a bright spot. Aug 17- Clothing retailer Gap Inc reported better-than-expected second-quarter results and raised its full-year profit forecast, helped by strong demand for Old Navy products, fewer discounts and better managing inventory. Gap's same-store sales increased 1 percent in the three months ended July 29, rising for the third...

  • The company forecast fourth-quarter adjusted profit of 86- 94 cents per share and net sales of $3.85 billion to $4 billion. Analysts on average had expected a fourth-quarter profit of 82 cents and revenue of $3.71 billion, according to Thomson Reuters I/B/E/S. Net income rose to $925 million, or 85 cents per share, in the third quarter ended July 30, from $505...

  • NEW YORK— U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. The Standard& Poor's 500 index dropped 38.10 points, or 1.5 percent, to 2,430.01, its lowest close since July 11. The Russell 2000 index of smaller-company stocks fell 24.59 points, or 1.8 percent, to 1,358.94.

  • TORONTO, Aug 17- Canada's main stock index edged higher on Thursday, as declines in mining stocks partly offset gains for several heavyweight banks and a jump in shares of Valeant Pharmaceuticals International Inc.. Valeant climbed 4.1 percent to C $18.63 after the company said it had resolved the concerns of U.S. authorities about its Bausch+ Lomb facility in...

  • The Jordan- based firm, which makes and markets branded and non-branded generic and injectable drugs, said it now expected 2017 revenue to be about $2 billion, at the lower end of its previous forecast of $2 billion- $2.1 billion. The company had already cut its full-year guidance in May to the range of $2 billion- $2.1 billion at constant currency from $2.2 billion.

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported lower quarterly margins after it cut prices and invested heavily on expanding its e-commerce operations, and its shares fell nearly 3 percent. Net income attributable to Wal-Mart fell 23 percent to $2.9 billion, or 96 per cents per share, from $3.7 billion, or $1.21 per share, a year earlier due to a loss from...

  • *Cathay sees smaller drop in ticket prices in second half of year. SINGAPORE, Aug 17- Cathay Pacific Airways Ltd shares rose as much as 6 percent on Thursday, as analysts said they believed losses had bottomed for the Hong Kong airline after it reported its worst first-half result in at least two decades. "We see some bottom out effect in some routes in terms of lower...

  • SHANGHAI, Aug 17- Hong Kong shares closed slightly down on Thursday as profit-taking outweighed solid gains by gaming and social media firm Tencent after the company posted better-than-expected quarterly earnings. A pattern of market gains propelled by strong corporate earnings followed by gradual corrections will likely continue for the next one or two...

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak U.S. inflation weighed on the dollar. European stocks look set for a weaker start, with financial spreadbetter CMC Markets expecting...

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak U.S. inflation weighed on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent.

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged up on Thursday as tensions between the U.S. and North Korea came off the boil, while worries about President Donald Trump's ability to implement his pro-growth agenda and the Federal Reserve's concerns about low U.S. inflation hit the dollar. MSCI's broadest index of...

  • Shares of the company fell 0.3 percent to $980.00 in premarket trade after Trump's comments. Trump has repeatedly targeted Amazon.com, whose CEO Jeff Bezos owns the Washington Post, one of several major media outlets that have been swept up in the president's ongoing fight with the press. His tweet on Wednesday came as a reporter for the Washington Post...

  • Aug 16- UnitedHealth Group Inc's chief executive, Stephen Hemsley, is stepping down and will be succeeded by President David Wichmann, the largest U.S. health insurer said on Wednesday. UnitedHealth said Chairman Richard Burke would be appointed lead independent director. Shares of the company rose 1.2 percent to $196.89 in light premarket trading on...

  • Net income, however, fell to $672 million in the quarter ended July 29, from $680 million a year earlier. On a per share basis, Target earned $1.22 compared with $1.16 in the year-ago period, as the company had fewer shares outstanding. Excluding items, Target earned $1.23 per share, beating the average analyst estimate of $1.19, according to Thomson Reuters I/B/E/S.

  • Shares of the company were up nearly 5 percent at $57.01 in premarket trading on Wednesday. Net income fell to $672 million, or $1.22 per share, in the second quarter ended July 29, from $680 million, or $1.16 per share, a year earlier. Sales rose 1.6 percent to $16.43 billion.

  • SHANGHAI, Aug 16- Hong Kong shares rose on Wednesday as investors took heart from strong quarterly earnings despite signs of slowing growth in China. "Many company results have been coming in above expectations, and some sectors in particular, like raw materials, shipping and non-ferrous metals, are seeing a significant improvement over last year," said Huang Bo,...

  • TORONTO, Aug 15- Canada's main stock index fell on Tuesday after an easing of tensions between North Korea and the United States hit the price of bullion, sending shares of gold-mining companies lower. The Toronto Stock Exchange's S&P/TSX composite index closed down 22.07 points, or 0.15 percent, at 15,097.84. Six of the 10 main sectors on the index were lower.

  • In order to boost sales and profits, Coach bought smaller rival Kate Spade& Co last month in a bid to tap into its high spending millennial customer base. Coach said it expects revenues for fiscal 2018 to reach $5.8 billion to $5.9 billion, with Kate Spade contributing over $1.2 billion. The company expects earnings of $2.35- $2.40 per share.