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MD-based Marriott forecasts quarterly profit below estimates as Middle East revenue slumps
Bethesda-based Marriott International forecast third-quarter profit below Wall Street expectations as softer demand in the Middle East hurt hotel room revenue.
Lower gas prices restrain retail sales in June; underlying momentum remains
Retail sales rose slightly in June as lower gas prices weighed on receipts at service stations, but motor vehicle purchases accelerated and online spending surged.
MD-based McCormick tops Q2 profit estimates on higher pricing
Maryland-based Cholula hot sauce maker McCormick handily beat Wall Street estimates for second-quarter profit.
To boost IPOs, SEC proposes changes to share registration, reporting rules
The SEC announced what it said were broadbased reform proposals for regulations on how companies offer shares and report required information to investors.
Tax refunds help to lift US retail sales; rising inflation drag looms
U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran.
EBay rejects GameStop’s $56B bid as ‘neither credible nor attractive’
EBay rejected a $56 billion takeover bid from the much smaller GameStop over financing doubts, calling the proposal "neither credible nor attractive."
Restaurant sales drop as Iran war pushes gas prices higher
Several restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter caused by soaring gasoline prices.
GameStop makes bold $56B play for eBay, ready to go hostile
GameStop proposed to buy eBay Inc. for about $56 billion in a cash-and-stock deal and signaled willingness to take the bid directly to shareholders.
Trump to sign order to expand access to retirement plans
President Donald Trump will sign an executive order aimed at expanding access to retirement plans for workers without employer access through a new website.
Fed holds rates steady amid sharp divide over policy easing bias
The Federal Reserve held interest rates steady, but in its most divided decision since 1992 noted rising concerns about inflation.
Southwest forecasts Q2 profit below estimates as higher fuel costs bite
Southwest Airlines forecast second-quarter earnings below Wall Street expectations and declined to update its full-year outlook.
MD-based McCormick, Unilever agree to deal to create $65B food giant
Unilever will merge its food business with McCormick in a $65 billion deal using a Reverse Morris Trust structure, creating a major global food company.
