Business

U.S. carmakers have a remedy for slower sales: pickups and more pickups

DETROIT (Reuters) - Overall U.S. new vehicle sales could fall for the second year in a row in 2018, but Detroit's automakers are betting they can sell more high-margin pickup trucks and sport utilities to prop up profits.

Business

Ford's 2017 profit misses Wall Street estimates

DETROIT (Reuters) - Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival General Motors Co .

Business

Adidas targets U.S. market share of 15-20 percent: paper

FRANKFURT (Reuters) - German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief financial officer said.

Business

Year of policy tightening set for early Canadian test

DUBLIN (Reuters) - The Bank of Canada will get the first crack in the coming week at demonstrating whether, as many expect, monetary policy among the world's major economies is set to tighten more in 2018 than in any year since the crisis.

Business

Explainer: Investors to scour outlooks for U.S. companies' tax cut plans

NEW YORK (Reuters) - Corporate results for 2017's final quarter will start pouring in next week and are expected to be laden with one-time charges as U.S. companies begin to cope with tax code changes, including a one-time tax on trillions of dollars in p

Business

Target lifts profit forecast after holiday sales jump

(Reuters) - Target Corp reported strong same-store sales for November and December on Tuesday, more customer visits and higher online sales, putting the United States' second largest mass retailer on track for the best quarter in five years.

Business

Lululemon says holiday season sales better than it expected

(Reuters) - Lululemon Athletica Inc said on Monday the holiday shopping season was even better that it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yoga and leisure apparel maker's shares up.

Business

BP expects U.S. earnings uplift from tax reform

(Reuters) - British energy company BP expects a positive impact on future post-tax earnings from the United States after the changes to U.S. corporate taxes, it said on Tuesday.

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