Siddharth Cavale

Target appoints Pepsi executive Brian Cornell as CEO

May 23, 2019 at 6:35 p.m.

Target Corp appointed former PepsiCo Inc executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach that hurt the retailer's earnings...

Wal-Mart counting on Latam success to drive US online strategy

August 25, 2021 at 5:42 a.m.

By Siddharth Cavale (Reuters) - Fernando Madeira comes to his new job as head of online business for Wal-Mart Stores Inc with a reputation as an e-commerce whiz, having engineered...

Michael Kors in vogue on Wall Street, but valuation risk grows

August 25, 2021 at 5:23 a.m.

By Siddharth Cavale and Devika Krishna Kumar (Reuters) - Dazzled for two-and-a-half years, Wall Street finally blinked when Michael Kors Holdings Ltd warned that its margins might suffer from the...

Best Buy profit beats estimates, shows signs of turnaround

August 25, 2021 at 5:12 a.m.

(Reuters) - Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly's turnaround efforts were progressing and sending the company's shares up as much...

Staples forecasts fall in sales, shares drop

August 25, 2021 at 5:08 a.m.

(Reuters) - Staples Inc forecast a fall in sales in the current quarter as customers shift to e-retailers, mass merchants and drugstores to buy their office supplies. Shares of the...

Coca-Cola sales beat estimates as China volumes soar

August 25, 2021 at 4:02 a.m.

(Reuters) - Coca-Cola Co reported better-than-expected quarterly revenue as it ramped up spending on marketing and advertising, boosting sales in emerging markets such as China. Coca-Cola, like PepsiCo Inc, has...

Liberty Media to slash stake in Barnes & Noble

August 25, 2021 at 3:39 a.m.

(Reuters) - John Malone's Liberty Media Corp said on Thursday it has sold almost all of its stake in Barnes & Noble Inc, ending a nearly three-year bet that the...

MasterCard, Visa form group to push for better card security

November 4, 2021 at 1:22 a.m.

(Reuters) - Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015...

MasterCard, Visa form group to push for better card security

December 23, 2018 at 10:36 p.m.

(Reuters) - Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015...

Hedge fund manager Loeb launches proxy battle at Sotheby’s

November 4, 2021 at 1:15 a.m.

(Reuters) - Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby's with the goal of winning three board seats after the auction house's promise to return...

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