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Target Cuts Full-Year Outlook, Shares Slide

Wed, 08/20/2014 - 8:06am
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.
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Target cuts annual profit outlook as the discounter continues to reel from breach

Wed, 08/20/2014 - 8:00am
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.
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Lowe's Shares Sell Off After Retialer Cut Full-Year Forecast

Wed, 08/20/2014 - 7:54am
Despite an EPS beat, the No. 2 home improvement retailer cut its full-year sales forecast, sending shares 4% lower in the pre-market.
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U.S. Equity Futures Flat Ahead of Fed Minutes

Wed, 08/20/2014 - 7:50am
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.
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Lowe's 2nd-quarter profit climbs on improving weather; trims full-year revenue outlook

Wed, 08/20/2014 - 6:40am
Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
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Staples Earnings Fall 20%, Sees Taking Pretax Charge

Wed, 08/20/2014 - 6:32am
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.
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Lowe's Lowers Sales-growth Outlook For 2014

Wed, 08/20/2014 - 6:28am
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.
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Glencore swings to 8 percent profit gain in first half, announces $1 billion buyback

Wed, 08/20/2014 - 6:11am
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.
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Bank of England board divided for the first time since 2011 on whether to raise interest rates

Wed, 08/20/2014 - 4:56am
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.
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Global stocks drift as Asia gains slightly, Europe weaker amid wait for US Fed signals

Wed, 08/20/2014 - 3:55am
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.
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Eastern Europe, Russia woes weighs on Carlsberg's Q2 profit, full-year profit cut

Wed, 08/20/2014 - 3:30am
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.
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Heineken reports sales and profit drop slightly in first half 2014; sees underlying strength

Wed, 08/20/2014 - 3:16am
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.
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NYC's Metropolitan Opera, 10 unions continue contract talks as deadline passes

Wed, 08/20/2014 - 12:28am
Contract negotiations are continuing between New York's Metropolitan Opera and 10 of its unions to avert a lockout.
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Macy's to pay $650,000 to resolve New York profiling allegations, attorney general says

Wed, 08/20/2014 - 12:07am
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.
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US safety agency lets consumers check for recall repairs via the Internet

Wed, 08/20/2014 - 12:02am
The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired.
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Asia Stocks: Latest Quotes

Tue, 08/19/2014 - 11:58pm
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.
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