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Target shares surge on same-day delivery boost

Target shares surge on same-day delivery boost
(Reuters) – Target Corp raised its profit outlook for the year on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores in the second quarter, sending shares up 17% to a record high. FILE PHOTO: An empty shopping cart stands outside a target store during a Black Friday sales event in Westbury,... Read More

U.S. markets regulator proposes new guidelines on shareholder advisers

U.S. markets regulator proposes new guidelines on shareholder advisers
FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on... Read More

U.S. home sales jump, boosted by lower mortgage rates

U.S. home sales jump, boosted by lower mortgage rates
WASHINGTON (Reuters) – U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy. FILE PHOTO: A home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Straudsburg, Pennsylvania,... Read More

Nestle to invest almost $250 million in Brazil over the next three years

Nestle to invest almost $250 million in Brazil over the next three years
FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland April 12, 2018. REUTERS/Pierre Albouy SAO PAULO (Reuters) – Nestle SA (NESN.S) said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil’s Sao Paulo state over the next three years to introduce new production lines... Read More

Uniper workers urge Fortum to spell out future plans to allay downgrade fears

Uniper workers urge Fortum to spell out future plans to allay downgrade fears
DUESSELDORF, Germany (Reuters) – Labor representatives at Uniper (UN01.DE), fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum (FORTUM.HE) to lay out plans for future cooperation between the two companies. FILE PHOTO: The logo of German energy utility company Uniper at its headquarters in Duesseldorf, Germany, March... Read More

Wall St. rises at open as Lowe’s, Target boost retailers

Wall St. rises at open as Lowe’s, Target boost retailers
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz (Reuters) – U.S. stocks opened higher on Wednesday, as strong results from Lowe’s and Target boosted retailers, while investors awaited minutes from the Federal Reserve’s July policy meeting due later in the day. The Dow Jones Industrial... Read More

Commerzbank mulls branch closures as part of broader strategy review

Commerzbank mulls branch closures as part of broader strategy review
FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – German lender Commerzbank (CBKG.DE) is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank (DBKGn.DE) collapsed earlier this year, people familiar with the matter... Read More