Asda sales fall 1.6 percent in third quarter ‘shockwave’
British supermarket chain Asda Stores Limited, part of the Wal-Mart empire, reported a 1.6% decline in third quarter sales, compared to a 0.5% increase...
Loblaw posts big revenue jump after Shoppers Drug Mart acquisition
Loblaw Companies Limited, Canada’s biggest retailer, posted a 35.9% increase in revenue to C$13.599 billion in the third quarter ending October 4th, compared to...
China’s industrial production growth for October alarms economists
China’s industrial production grew by 7.7% compared to expectations of 8%, while retail sales, which had been forecast to expand by 11.6%, came in...
Virgin Money shares priced at 283p, giving it a market capitalization of £1.25bn
Virgin Money flotation shares have been priced at the lower end 283p, thus giving the challenger bank a market capitalization of about £1.25 billion,...
SeaWorld third quarter earnings dropped by 28 percent, attendance falls
SeaWorld Entertainment Inc. posted third quarter earnings of $87.2 million, or $1 per share, a 28 percent drop year-over-year as attendance to its theme...
Janet Holder, Enbridge pipeline project leader, announces retirement
Janet Holder will be stepping down as a key executive of Enbridge’s controversial Northern Gateway pipeline project, raising concerns about the company’s plan to...
Antonio Weiss appointed by Obama as U.S. Treasury’s top finance official
Obama is appointing Antonio Weiss to be the U.S. Treasury Department’s top domestic finance official, according to a statement by the White House.
Weiss is...
Update 1: Marijuana sales drop in Colorado, first time since legalization
Marijuana sales in Colorado have decreased for the first time since the state legalized the drug in January, according to tax data released this...
Encana meets 2017 target in third quarter of 2014
Calgary-based Encana Corporation posted an 87% increase in operating earnings to $281 million ($0.38 per share) in the third quarter compared to the same...
Macy’s expects same-stores sales to surge this holiday season
Macy’s Inc. forecast higher same-store sales growth this quarter. It’s boosting online services and has reported higher than expected quarterly profit, with costs down.
The...