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U.S. retailers edge higher after first Fed rate cut since 2020

BUZZ-U.S. retailers edge higher after first Fed rate cut since 2020 ** Shares of U.S. retailers edge higher after the Federal Reserve cuts interest rates for the first time in four years ** Shares of retail bellwether Walmart WMT.N up 0.4% while Target TGT.N up 1.5%; furniture retailers Home Depot HD.N and Lowe's LOW.N up 2% and 1.7%, respectively ** Department stores Macy's M.N , Kohl's KSS.N and Nordstrom JWN.N up 1.5%, 1.8% and 1.2%, respectively ** Shares in footwear companies Nike NKE.N , D
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U.S. Autozone, Costco Wholesale, Walmart

U.S. RESEARCH ROUNDUP- Autozone, Costco Wholesale, Walmart Sept 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Autozone, Costco Wholesale and Walmart, on Wednesday. HIGHLIGHTS * Autozone Inc AZO.N : Evercore ISI raises target price to $3900 from $3350 * Costco Wholesale Corp COST.O : Evercore ISI raises target price to $985 from $925 * Home Depot Inc HD.N : Evercore ISI raises target price to $420 from $400 * Tra
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Evan Spiegel is the skunk at the founder’s party

BREAKINGVIEWS-Evan Spiegel is the skunk at the founder’s party The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Sept 13 (Reuters Breakingviews) - Snap SNAP.N architect and boss Evan Spiegel gets points for frankness. In a blog post published last week, he bluntly lays out the reason for the investor chill that has dogged his $16 billion social media company’s stock price: slower advertising growth than its peers.
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Samsung India strike puts spotlight on powerful Indian labour group

Samsung India strike puts spotlight on powerful Indian labour group Labour group CITU-backed Samsung strike enters fifth day The protests cast shadow on Indian PM Modi's manufacturing goals Group plans unions at electronics firms Flex and Sanmina By Munsif Vengattil and Praveen Paramasivam CHENNAI, Sept 13 (Reuters) - A labour strike in India that has disrupted production at a Samsung plant has put the spotlight on a politically-backed worker group which quietly mobilized employees of the South
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Nike shareholders vote against proposal on workers' rights

UPDATE 1-Nike shareholders vote against proposal on workers' rights Adds background on the shareholder proposal By Ananya Mariam Rajesh and Nicholas P. Brown Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday.
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Nike shareholders vote against proposal on workers' rights

Nike shareholders vote against proposal on workers' rights Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday. Reporting by Ananya Mariam Rajesh in Bengaluru and Nicholas P.
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Key events at Nike under CEO John Donahoe

TIMELINE-Key events at Nike under CEO John Donahoe Sept 10 (Reuters) - Nike NKE.N will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers' rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its stock-market value this year.
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EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices

UPDATE 4-EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices Adds Apple's expectations of an income tax charge in paragraph 10 By Foo Yun Chee BRUSSELS, Sept 10 (Reuters) - EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe's top court backed her crackdown against Apple's AAPL.O Irish tax deal and Google's anti-competitive practices in two landmark cases.
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Under Armour warns restructuring may cost more than previously expected

UPDATE 2-Under Armour warns restructuring may cost more than previously expected Recasts with details on restructuring in paragraphs 2-5 Sept 9 (Reuters) - Under Armour UAA.N expects its restructuring efforts to cost more than it had previously forecast, the sportswear maker said on Monday, sending its shares down 3% in aftermarket trade. The company has been looking to turn around its business and sharpen its focus on its core operations under a restructuring plan it unveiled in May, when CEO K
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What to Watch in the Day Ahead - Tuesday, September 10

What to Watch in the Day Ahead - Tuesday, September 10 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Federal Reserve Vice Chair for Supervision Michael Barr is slated to speak on "Basel III Endgame" before the Brookings Institution, Washington.
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What to Watch in the Week Ahead and on Monday, September 9

What to Watch in the Week Ahead and on Monday, September 9 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY The U.S. Department of Justice's second antitrust trial against online juggernaut Google, over its alleged monopoly in online advertising technology, is scheduled to begin with o
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Investor pressure on Nike builds over garment workers' rights

Investor pressure on Nike builds over garment workers' rights Norway fund backs proposals on workers' rights, climate targets Another supply chain proposal got 11.7% of votes last year Investors frustrated with Nike over allegations of unpaid wages By Helen Reid, Nicholas P. Brown and Simon Jessop LONDON/NEW YORK, Sept 5 (Reuters) - Investor pressure on Nike NKE.N is building ahead of Tuesday's annual shareholder meeting, with Norway's sovereign wealth fund pledging to back a resolution demandin
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Norway wealth fund supports Nike shareholder proposal on workers' rights

UPDATE 3-Norway wealth fund supports Nike shareholder proposal on workers' rights Norway fund backs proposal for binding agreements with workers Nike's 9th biggest investor also backs climate targets proposal Fund opposes Nike executive pay for 5th year in a row Adds context on sliding sales, paragraph 5, opposition to executive pay, paragraph 10 By Helen Reid and Louise Rasmussen COPENHAGEN/LONDON, Sept 5 (Reuters) - Norway's wealth fund will back a proposal demanding Nike NKE.N consider whethe
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Norway wealth fund to vote against Nike shareholder proposal on supply chains

CORRECTED-Norway wealth fund to vote against Nike shareholder proposal on supply chains Corrects headline to read "supply chains" (not "evaluating human rights" COPENHAGEN/LONDON, Sept 5 (Reuters) - Norway's $1.7 trillion sovereign wealth fund, the world's largest, said on Thursday it will vote against a shareholder proposal asking Nike NKE.N to assess how effective its supply chain policies are at ensuring workers' rights.
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Tennis-Draper dons iconic Agassi Nikes in latest US Open sneaker statement

Tennis-Draper dons iconic Agassi Nikes in latest US Open sneaker statement By Karl Plume NEW YORK, Sept 4 (Reuters) - Britain's Jack Draper honored American tennis legend and U.S. Open champion Andre Agassi via post-match footwear after his quarter-final win on Wednesday, but don't expect him to don those kicks on court in the semis. The 25th seed in the men's draw paused before an on-court victory interview to swap out his match sneakers for a pair of "hot lava" colored Andre Agassi Nike Air Te
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Nike, Inc. Announces First Quarter Fiscal 2025 Earnings And Conference Call

BRIEF-Nike, Inc. Announces First Quarter Fiscal 2025 Earnings And Conference Call Sept 4 (Reuters) - Nike Inc NKE.N : NIKE, INC. ANNOUNCES FIRST QUARTER FISCAL 2025 EARNINGS AND CONFERENCE CALL Source text for Eikon: ID:nBw6z9WGYa Further company coverage: NKE.N
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Japan's Asics hits record high as it plans to downsize baseball business

BUZZ-Japan's Asics hits record high as it plans to downsize baseball business **Shares of Asics 7936.T hit record high after Japanese running shoes maker said it plans to downsize its baseball business **Asics shares rose at the open before retreating 2.8%, as some market players thought the stock jumped too much, according to a Tokyo-based analyst
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Foot Locker down on wider Q2 loss, lower annual gross margin target

BUZZ-Foot Locker down on wider Q2 loss, lower annual gross margin target Updates ** Shares of Foot Locker FL.N fall 15 % t o $2 7.86 ** Co's Q2 net loss widens to $12 million, compared with $5 million a year ago ** Co reaffirms adjusted EPS and sales forecast for 2024, but lowers gross margin expectations due to higher promotions ** Co reports Q2 adj.
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U.S. Advance Auto Parts, Chewy, Workday

U.S. RESEARCH ROUNDUP-Advance Auto Parts, Chewy, Workday Aug 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Advance Auto Parts, Chewy and Workday, on Friday. HIGHLIGHTS * Advance Auto Parts Inc AAP.N : JP Morgan cuts target price to $43 from $55 * Chewy CHWY.N : Piper Sandler raises to overweight from neutral * Intuit Inc INTU.O : Jefferies raises target price to $790 from $770 * Williams-Sonoma Inc WSM.N : TD Co
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Nike And The Lego Group Unite To Elevate The Power Of Sport And Creative Play

BRIEF-Nike And The Lego Group Unite To Elevate The Power Of Sport And Creative Play Aug 22 (Reuters) - Nike Inc NKE.N : NIKE AND THE LEGO GROUP UNITE TO ELEVATE THE POWER OF SPORT AND CREATIVE PLAY Further company coverage: NKE.N
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