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Lowe’s buying Foundation Building Materials for about $8.8B as it intensifies focus on pro builders

Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as the home improvement retailer intensifies its focus on professional builders. FBM also provides metal framing, ceiling systems, commercial doors and hardware and other products that serve ...
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Analog Devices forecasts upbeat results on strong industrial demand

(Reuters) -Analog Devices forecast fourth-quarter revenue above analysts’ expectations on Wednesday, as the company anticipates stable demand for its products despite tariff uncertainty. The chipmaker has benefited from increased demand in its industrial segment, resulting in healthy bookings trends and growth in its order ...
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TJX raises annual profit forecast on strong demand for off-price goods

By Neil J Kanatt (Reuters) -TJX Cos raised its annual profit forecast on Wednesday, betting on resilient demand at its off-price retail stores despite lingering worries of tariff impact on consumer spending. Shares of the company rose nearly 4% premarket after it also beat estimates for ...
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Factbox-Healthcare firms see growing activist investor involvement in the past year

(Reuters) -Activist investors have targeted major healthcare companies over the past year to push them to improve their performance, with some campaigns only coming to light after announcements of board changes. Below are some notable healthcare companies that came under activist pressure in the ...
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Target insider picked to lead the struggling retailer when CEO Brian Cornell steps down next year

NEW YORK (AP) — Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1. Minneapolis-based Target said Wednesday that Chief Operating Officer ...
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Exclusive-Amazon looks to ditch homegrown software for Android in Fire tablet revamp, sources say

By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company’s homegrown operating system.   As part of a project known internally as Kittyhawk, Amazon plans to release ...
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Estee Lauder forecasts annual profit below estimates as tariffs hit

(Reuters) -Estee Lauder forecast annual profit below Wall Street estimates on Wednesday, as the cosmetics giant grapples with persistent weakness in the U.S. and China markets and tariff uncertainty, sending its shares down about 9% in premarket trading. The company also said it expects a ...
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Morning Bid: Tech angst on AI doubts

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets In markets, the trigger for sudden confidence swoons is often elusive, particularly when looking at periodic rotations out of high-flying U.S. tech ...
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Airbus UK workers to strike for 10 days over pay

LONDON (Reuters) -Thousands of Airbus workers in Britain will go on strike for 10 days starting next month over a demand for better pay, threatening to disrupt production of aircraft wings, trade union Unite said on Wednesday. Unite, which represents more than 3,000 aircraft fitters ...
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Wall St futures slip after tech selloff; earnings, Fed meet in focus

(Reuters) -U.S. stock index futures declined on Wednesday, following a tech selloff on Wall Street, as investors geared up for more retail earnings and a crucial Federal Reserve symposium later this week. The tech sector was behind much of the market ...
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Target promotes insider Fiddelke to CEO, keeps annual forecasts intact

By Siddharth Cavale and Juveria Tabassum (Reuters) -Target named insider Michael Fiddelke on Wednesday as its new CEO to succeed long-time top boss Brian Cornell, and beat quarterly estimates, helped by a recovery in traffic at its stores and average receipts. However, the company’s shares fell ...
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Fed minutes could show whether Waller and Bowman had company in favoring rate cuts soon

By Dan Burns WASHINGTON (Reuters) -Last month’s decision by the U.S. Federal Reserve to hold interest rates unchanged prompted dissents from two top central bankers who wanted to lower rates to guard against further weakening of the job market, and a readout of that two-day ...
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