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Stock Market News

Uniqlo expects profit at U.S. stores in 'couple of years'
Uniqlo expects profit at U.S. stores in 'couple of years'
By Reuters - Sep 17, 2014

(Reuters) - Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding U.S. network of stores within the next couple of years, the company's top U.S. executive, Larry Meyer, ...

Cheaper store brands eat into General Mills' profit
Cheaper store brands eat into General Mills' profit
By Reuters - Sep 17, 2014

By Ramkumar Iyer and Anjali Athavaley (Reuters) - General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground ...

FedEx sees e-commerce driving record holiday season
FedEx sees e-commerce driving record holiday season
By Reuters - Sep 17, 2014

By Nick Carey CHICAGO (Reuters) - Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company ...

Allianz eyes sale options in Fireman's Fund revamp
Allianz eyes sale options in Fireman's Fund revamp
By Reuters - Sep 17, 2014

FRANKFURT (Reuters) - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under ...

The Peculiarities Of 'Owning' Alibaba
The Peculiarities Of 'Owning' Alibaba
By International Business Times - Sep 17, 2014

By Matt Schiavenza - When Alibaba shares trade on the New York Stock Exchange later this week, in an IPO expected to be the biggest in American history, investors will finally be able to own a part of...

Ultrasonic says top executives and cash missing
Ultrasonic says top executives and cash missing
By Reuters - Sep 17, 2014

FRANKFURT (Reuters) - Ultrasonic AG, a Chinese footware maker listed in Germany, said most of its cash reserves in China and Hong Kong have disappeared, adding it has also lost trace of its chief ...

Sony Expects Annual Loss To Quadruple Over Previous Estimate
Sony Expects Annual Loss To Quadruple Over Previous Estimate
By International Business Times - Sep 17, 2014

By Sneha Shankar - Sony Corp TYO:6758 announced on Wednesday that it would incur a significantly bigger loss in the current fiscal year than previously predicted. The Japanese electronics giant also ...