US

Target Posts Decline In Profit, Warns Of Grim Holiday Season Sales

Target Corp forecast a surprise drop in holiday-quarter sales, blaming surging inflation and "dramatic changes" in consumer spending for a drop i...

Walmart Expects Smaller Drop In Annual Profit, Announces $20bn Share Buyback

Walmart Inc has forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronic...

Davidson Kempner Acquires Ice Cream Maker Gelato d’Italia

Private equity fund IDeA Taste of Italy has sold private label ice cream producer Gelato d’Italia to U.S. fund Davidson Kempner.

Philip Morris Clinches Swedish Match After Smoking Out Opposition

Philip Morris International (PMI) is going ahead with its $16 billion takeover of Swedish Match despite securing slightly less than the 90% stake it w...

DoorDash Results Impress As Taste For Takeout Defies Inflation

Food delivery firm DoorDash Inc's orders surged to a record high in the third quarter as demand held strong against higher prices and rising inflation.

More Than 70% Of US Shoppers Discover New Products, Brands In Convenience Stores, Study Finds

More than seven in 10 (71%) US shoppers, ages 18 and over, say they discover new products and brands in convenience stores (c-stores), according to a new s...

Instacart IPO Pulled Due To Volatile Market Conditions, Sources Say

Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing v...

US Grocer Kroger Carts Away Albertsons For $25bn But Faces Antitrust Test

Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal, creating a US grocery behemoth to better compete with leader Walmart Inc on prices while bra...