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Updated: 1 min 59 sec ago
The retailer posted mixed second-quarter earnings, but sent shares sliding more than 2% pre-market after it lowered its full-year guidance well below Street views.
Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S.
Despite an EPS beat, the No. 2 home improvement retailer cut its full-year sales forecast, sending shares 4% lower in the pre-market.
U.S. equity futures were flat as investors awaited minutes of the latest FOMC meeting, and worries bubbled the rally might be running out of steam.
Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
Office-supplies retailer Staples Inc. [s:spls] said Wednesday second-quarter net earnings were $81.9 million, or 13 cents a share, compared with $102.5 million, or 16 cents a share, in the same quarter last year.
Lowe's Companies Inc. on Wednesday lowered its outlook for sales growth in fiscal 2014, saying it now expects total sales to grow by 4.5%, down from 5% estimated previously.
Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent.
Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent.
Asian stocks got a slight boost from Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower.
Danish brewer Carlsberg says uncertainty in its eastern European and vast Russian market continued to weigh on its financial performance during the second-quarter of the year.
Heineken NV, the Amsterdam-based brewer, has reported first half earnings showing a small drop in both revenues and profits — but says its underlying performance was good.
Contract negotiations are continuing between New York's Metropolitan Opera and 10 of its unions to avert a lockout.
The retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square.
The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired.
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) up 0.2% ; Hong Kong (Hang Seng Index) flat ; Shanghai (Shanghai Composite Index) down 0.1% (at break) ; Sydney (S&P/ASX 200) flat ; Seoul (Kospi) down 0.2% ; Mumbai (Sensex) down 0.1% Taipei (Taiex) up 0.3% Copyright © 2014 MarketWatch, Inc.