EBay raises forecast as redesign draws customers, boosts ad revenue

EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach The company, facing intense competition from Amazon.com Inc and Walmart Inc,... Read More

Walgreens, Rite Aid to sell tobacco products to customers above 21 years

Walgreens, Rite Aid to sell tobacco products to customers above 21 years
FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed (Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp said on Tuesday they would sell tobacco products to customers who are at least 21 years old, amid a crackdown on teenage tobacco use. U.S. Senate... Read More

EBay’s strong quarter, robust forecast send shares 5% higher

EBay’s strong quarter, robust forecast send shares 5% higher
(Reuters) – EBay Inc beat analysts’ quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracts more customers. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach Shares of the company, which is... Read More

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville... Read More

EBay beats quarterly revenue estimates

EBay beats quarterly revenue estimates
FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach (Reuters) – EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracted more customers. The company reported net revenue of $2.64 billion for the first... Read More

World stocks rally, near U.S. record highs, oil gains

World stocks rally, near U.S. record highs, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Wall... Read More

Oil advances anew, stocks gain on upbeat results

Oil advances anew, stocks gain on upbeat results
NEW YORK (Reuters) – European energy shares had their best day since January on the back of higher oil prices on Tuesday while Wall Street rose on upbeat results that eased fears of slowing profits. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville News that the United... Read More

P&G operating margin, grooming product sales dip on strong dollar; shares drop

P&G operating margin, grooming product sales dip on strong dollar; shares drop
(Reuters) – Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3% in morning trading. FILE PHOTO: The logo for Procter & Gamble Co. is displayed on a screen... Read More