USA

Costco Tops Quarterly Results On Robust Consumer Demand

Costco Wholesale Corp has topped estimates for quarterly results, helped by strong demand for its fresh food, confectionery and fuel offerings despite risi...

Reckitt Chief Executive Narasimhan To Step Down

Reckitt Benckiser chief executive Laxman Narasimhan is to step down at the end of September after three years in the role, the company said in a statement.

U.S. Regulators To Vet Alibaba, JD.com, Other Chinese Firms' Audits: Sources

U.S. regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other U.S.-listed Chinese companies for audit inspection sta...

IMF Cuts U.S. Growth Forecast As Consumer Spending Cools

The International Monetary Fund has warned that avoiding recession in the United States will be "increasingly challenging" as it again cut its 20...

U.S. Consumer Credit Growth Slows Considerably In May

U.S. consumer credit rose at its slowest pace in four months in May as Americans pulled back on credit card usage, a trend that if sustained, could hamper...

Antipodean Dairy Firms Eye Baby Food Supply To U.S.

Dairy companies in Australia and New Zealand are queueing to restock empty shelves in the United States with baby food, after the country recently relaxed...

Costco Margins Hit By Rising Freight And Labour Costs

Costco Wholesale Corp has reported a fall in gross margins, hit by soaring freight and labor costs across the United States, and overshadowing an otherwise...

Target Profit Halves As Rising Costs Hit Margins

Target Corp's quarterly profit halved and it warned of a bigger margin hit due to rising fuel and freight costs, in a clear sign there would be no immediat...