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Macy's plunges after warning that its profit margins are shrinking (M, JWN, KSS)

Business & Finance : Business Insider: Clusterstock

Macy's warned on Tuesday that its profit margins are shrinking, sending the company's shares down by as much as 7%. Karen Hoguet, the department-store chain's chief financial officer, said at the annual investor day that second-quar...

Sony: Chief says sorry for forecast

Business & Finance : Business Report

Sony chief executive Kazuo Hirai apologised to investors after the company had forecast a sixth loss in seven years and pledged that his restructuring efforts would fuel long-term growth. ||| Sony chief executive Kazuo Hirai apologi...

End of a chip boom? Memory chip price drop spooks investors

Business & Finance : Business Report

SEOUL - After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics Co’s disappointing profit estimate, is causing jitters among investors who had bet the chip boom would last ...

Tesla Surprises Investors With Quarterly Profit Ahead of Merger Vote

Business & Finance : DealBook

Tesla’s chief, Elon Musk, who is SolarCity’s largest stockholder, is under pressure to prove that the electric carmaker can be a profitable foundation for a merger.

Sony to cut 5 000 jobs as profit remains elusive

Business & Finance : Business Report

Sony forecast a surprise ¥110 billion (R12.2bn) full-year loss yesterday and will cut 5 000 more jobs as chief executive Kazuo Hirai sells the firm’s personal computer (PC) business and splits the television division into a separate...


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