Business News
Target to take hit to profit as it spends to close gap with rivals2/28/2017 5:45:36 PM - Target Corp gave a full-year profit forecast far below market expectations on Tuesday as the retailer plans to pour more money into improving its online platform and cutting prices to stay relevant amid fierce competition.With businesses split on U.S. border tax, wider reform looks shaky2/28/2017 2:49:26 PMWASHINGTON - Major U.S. corporations are going to war in Washington over a Republican 'border adjustment' tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation's biggest employers.U.S. economy slows in the fourth-quarter; consumer spending remains bright spot2/28/2017 5:38:43 PMWASHINGTON - U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment.Trump says 'revved up economy' will pay for budget proposals: Fox2/28/2017 2:58:58 PMWASHINGTON - President Donald Trump said he believes the extra $54 billion dollars he has proposed spending on the U.S. military will be offset by a stronger economy as well as cuts in other areas.Wall Street to open flat as investors await Trump's speech2/28/2017 5:46:18 PM - U.S. stocks looked set to open flat on Tuesday, as investors preferred to wait and watch President Donald Trump's first speech to a joint session of Congress for clues on how he planned to implement his policies.JPMorgan expects 2017 expenses to rise about 3.4 percent2/28/2017 4:52:41 PM - JPMorgan Chase & Co , the biggest U.S. bank by assets, said it expected 2017 expenses to rise about 3.4 percent as it spends more on technology and in signing up new credit card accounts.Valeant adjusted profit beats Street, but net loss widens2/28/2017 5:10:38 PM - Canada's Valeant Pharmaceuticals International Inc reported a better-than-expected quarterly profit on Tuesday, helped by lower costs and strength in its Bausch and Lomb eyecare business, but its net loss widened and the company said it was feeling pricing pressure.Years-long dream of European exchange ended in half an hour2/28/2017 5:35:45 PMBRUSSELS/FRANKFURT - After more than a year of negotiations, Deutsche Boerse got only 30 minutes notice on Sunday from the London Stock Exchange that their planned merger was effectively over, sources familiar with the talks told Reuters.House Financial Services chairman sees Dodd-Frank reform this year2/28/2017 4:51:02 PMWASHINGTON - Reform of Wall Street rules and consumer protects imposed after the 2008 financial crisis is likely this year, and much of the law could be undone through a number of ways, the Republican chairman of a key House of Representatives committee said.Samsung Group chief charged with bribery, corporate nerve center dismantled2/28/2017 3:53:00 PMSEOUL - South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.