Foot Locker Tops Q4 Earnings Forecast, Misses on Comp Sales, Revenues

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Foot Locker Tops Q4 Earnings Forecast, Misses on Comp Sales, Revenues

Foot Locker Inc. (FL) – Get Report posted stronger-than-expected fourth quarter earnings Friday but weak holiday demand and tough competition in sports clothing markets held back same-store sales growth. Foot Locker said earnings for the three months …
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McDonald's giving away free breakfast sandwiches for National Egg McMuffin Day Monday

McDonald’s has created a new food holiday for its Egg McMuffin and will celebrate by giving away free breakfast sandwiches. Almost 50 years after the sandwich debuted in 1971, McDonald’s is marking its first-ever National Egg McMuffin Day on Monday, …
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Airlines at center of storm as coronavirus spreads

LONDON (Reuters) – European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in …
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Smartphone sales are collapsing in China. They could plunge 40% in Q1

China’s smartphone market, the biggest in the world, is set for a massive plunge due to the novel coronavirus outbreak. Smartphone shipments in China will likely fall 40% in the first quarter of 2020 compared with the same period last year, according to a new …
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Geneva Car Show Axed as Swiss Ban Large Events to Fight Virus

ZURICH — Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, forcing cancellation of the Geneva car show next week. The move aimed to avoid throngs …
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