Thursday, 13 September 2018

Kroger misses same-store sales estimates as revamp deters customers

Kroger misses same-store sales estimates as revamp deters customers

U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down 9.2 percent in premarket trading, as changes to the way it stocks merchandise on shelves kept some customers away from its stores.

New Apple watch could take bite out of Swiss market

The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.

Tennis star Osaka named Nissan ambassador, gives hope to biracial Japanese

Japan's Nissan Motor Co has signed U.S. Open champion Naomi Osaka as its next brand ambassador, the automaker said on Thursday, tapping the tennis star's youth, drive and Japanese roots to appeal to younger customers.

Wall Street opens higher on tech rebound, easing trade worries

U.S. stocks opened higher on Thursday, as technology stocks bounced back and trade worries eased after China said it was open to new trade talks with the United States.

UPS expects automation, expansion plans to boost earnings by 2022

United Parcel Service Inc expects its automation and expansion plans to add between $1.00 and $1.20 to its adjusted earnings per share by 2022, the world's biggest package delivery company said on Thursday.

GM to recall more than one million vehicles in the U.S

General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.

U.S. consumer prices rise modestly; jobless claims near 49-year low

U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.

U.S. consumer prices increase less than expected in August

U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.

U.S. weekly jobless claims drop to near 49-year low

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions.

Singapore's ST Engineering to buy aircraft part maker from GE for $630 million

Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million.

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Europe's biggest port, Rotterdam, sounds alert on Brexit

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Turkish central bank raises rates sharply, boosts lira

Turkey's central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan's 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. Sonia Legg reports.
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