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Bailey said: “The external environment became more challenging during the half, affecting luxury consumer demand in a few of our key markets”.

Holley said Wal-Mart has plans to buy back $20 billion of its shares within the next two years, a move that can improve the stock price as ownership of the company is divided into fewer shares. During its annual meeting at New York City this Wednesday, Doug McMillon, their CEO...

Obama has twice altered the timeline to withdraw US forces from Afghanistan. Yet, by Obama’s own admission, those improvements haven’t made Afghanistan self-sufficient. White House officials said they were still pleased with the progress Obama had made in drastically...

In an interview with the Associated Press last week, Warner said the legacy of “The Cosby Show” had been “tarnished” as a result of the numerous rape allegations against Cosby.

Wal-Mart shoppers in the Tampa Bay area will soon be able to order groceries online or from their mobile device and pick up their goods without leaving their cars.

Shares closed up 3.6% in London at GBP28.90 ($44.36) as Unilever said it expects underlying sales growth for the year toward the upper end of the 2%-to-4% range it had previously disclosed.

The much anticipated 7.0 software for the Tesla Model S, which enables the car’s self-driving functionality, begins rolling out today to USA owners with Europe and Asia receiving the update in the next few weeks pending regulatory approval.

“These will be the first China renminbi government bond issues outside China”, said Jinny Yan, an economist at Standard Chartered Bank in London.

According to CNBC, the Federal Aviation Administration sent a safety warning to airlines that says lithium batteries – the type of batteries commonly used in all sorts of consumer devices – “present a risk of both igniting and fueling fires in aircraft...

The report comes three weeks before millions of Americans can begin signing up for health insurance coverage under the Affordable Care Act.

Friday’s gains follow a rise in stocks on Thursday after lackluster economic data further eroded expectations that the Federal Reserve would raise interest rates this year from ultralow levels. “(The) report should be reassuring to markets which have been on edge over...

The decision comes from the US Department of the Interior, which said new lease sales that had been scheduled for the next two years will be canceled. The company sunk $7 billion into its Arctic quest and effectively came up dry – a sum that other firms would be unlikely to...

“This will make millions of people around the world want to get their hands on a few Australian currency due to the real life Simpsons reference, driving up the value of the Australian currency”, wrote Thomas Probst on his change.org petition.

Due to comparatively lesser-than-usual demand of dollar from the corporate sector and trivial demand for imports coupled with central bank’s intervention helped the local currency to remain unfaltering, bankers said. However, the readjustments carried out by foreign...

Several Gulf nations are now in negotiations to purchase the Israeli-made Iron Dome missile defense system, Sky News reported on Tuesday.