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Tiffany's cuts outlook amid slowing demand
Tiffany & Co., a bellwether of luxury spending, says its sales aren't rising as fast as last year in the U.S. or abroad, and the gift and jewelry chain cut its forecasts for sales and profit for the year.Tiffany delivered its lower outlook on Thursday as it reported first-quarter profit essentially the same as a year ago and below what analysts were expecting.The news from Signet Jewelers Ltd, which
Tiffany & Co., a bellwether of luxury spending, says its sales aren't rising as fast as last year in the U.S. or abroad, and the gift and jewelry chain cut its forecasts for sales and profit for the year.Tiffany delivered its lower outlook on Thursday as it reported first-quarter profit essentially the same as a year ago and below what analysts were expecting.The news from Signet Jewelers Ltd, which
US bank earnings rose this winter to 5-year high
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
Costco's 3Q net income rises, sales climb
Costco's fiscal third-quarter net income climbed 19 percent on lower asset charges and the wholesale club pulled in more money from membership fees.
Costco's fiscal third-quarter net income climbed 19 percent on lower asset charges and the wholesale club pulled in more money from membership fees.
SABMiller profits boosted by Latin America, Africa
SABMiller, the world's second-largest brewer, has reported a 75 percent increase in full-year profit led by strong growth in Latin America and Africa.
SABMiller, the world's second-largest brewer, has reported a 75 percent increase in full-year profit led by strong growth in Latin America and Africa.
HP to cut 27,000 jobs to save up to $3.5B annually
Hewlett-Packard Co. is cutting 27,000 jobs in an effort to recover from management missteps that hobbled the Silicon Valley pioneer as its rivals raced ahead with more innovative products and
Outerwear powers Burberry annual profit gain
Luxury goods maker Burberry Group PLC said Wednesday that sales of its signature trench coats and other outdoor wear led a 26 percent gain in full-year profit.
Luxury goods maker Burberry Group PLC said Wednesday that sales of its signature trench coats and other outdoor wear led a 26 percent gain in full-year profit.
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