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Target shares dive on earnings outlook, price cut plans

Target shares dive on earnings outlook, price cut plans

 Target Corp (TGT.N) said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too high. Shares of the retailer plunged to 2-1/2-year lows
Fed boss says US rates may rise in March

Fed boss says US rates may rise in March

 A rise in US interest rates could be "appropriate" as soon as this month, according to the chair of the US Federal Reserve. Janet Yellen said rate setters will evaluate whether employment and inflation remain in line with expectations when they meet in March. Ms Yellen also suggested the
New York's Bodegas Shut Down to Protest President Trump's Travel Ban

New York's Bodegas Shut Down to Protest President Trump's Travel Ban

 (NEW YORK) Hundreds of ethnic Yemeni business owners who operate New York City corner bodegas and neighborhood delis closed shop Thursday in protest of President Donald Trump's travel ban on people from seven Muslim-majority countries. The shops were locked at noon and were to remain
BA owner IAG's profits hit by weak pound

BA owner IAG's profits hit by weak pound

 Airline group IAG, which owns British Airways and Iberia, has reported a rise in profits despite being affected by last year's fall in the pound. Pre-tax profits at the company rose by nearly a third last year to 2.4bn euros (£2bn), with operating profits up 8.6% to 2.5bn euros.
A South Korean Court Has Approved the Arrest of Samsung's Heir

A South Korean Court Has Approved the Arrest of Samsung's Heir

 (SEOUL ) A South Korean court approved on Friday the arrest of a billionaire heir to Samsung accused of bribery and other charges in connection to a massive corruption scandal, a stunning decline for the princeling of South Korea's richest family. The Seoul Central District Court's