Walmart posts rare quarterly miss and softer U S sales
Walmart reports disappointing fourth quarter profits and sales as a shortened holiday season and social unrest in Chile weigh on results. The retailer warns a weak earnings forecast for the year while noting gains in groceries and growth of online delivery, including Delivery Unlimited and in-home delivery pilots.
MENTIONED IN THIS ARTICLE
Walmart
Pittsburgh
U.S
Chile
New York
Doug McMillen
China
Target
Virus outbreak chills economies across Asia
The Wuhan viral outbreak pushes Asia toward recession risks. South Korea's Moon Jae In declares an emergency economy stance while Japan teeters on recession. Central banks cut rates as tourism falls and supply chains stall. China opts to restart factories as 1870+ die globally, with widespread disruptions to trade fairs and tourism.
MENTIONED IN THIS ARTICLE
Bangkok
China
South Korea
Japan
Wuhan
Moon Jae-in
Moon
U.S
Guangzhou
Beijing
Thailand
Singapore
Marcel Thieliant
Capital Economic
Southeast Asia
Malaysia
Yangtze River
American Chamber of Commerce
Shanghai
Franklin Resources to acquire Legg Mason for 4.5 billion
Franklin Resources Inc. known as Franklin Templeton will pay $50 a Legg Mason share plus assumption of about $2 billion in debt to form a combined firm with roughly $1.5 trillion in assets under management. The deal, supported by Nelson Peltz's Trian Fund, places the merger under a San Mateo headquarters with expected $200 million in annual cost savings and autonomy for legacy brands.
MENTIONED IN THIS ARTICLE
San Mateo
Calif
Franklin Resources
Legg Mason
Franklin Resources Inc
Franklin Templeton
Legg Mason Inc
Wall Street
Greg Johnson
Nelson Peltz
Trian Fund Management LP
California
Baltimore
Western Asset
ClearBridge Investments
EnTrust Global
Scouting Abuse Cases Put Boy Scouts in Bankruptcy Debate
The Boy Scouts face hundreds of abuse lawsuits, with a 2010 ruling prompting 19.9 million in damages and the release of over 20 000 confidential documents known as the perversion files. LEGAL experts debate bankruptcy as a path amid revived statutes of limitations and public safety concerns.
MENTIONED IN THIS ARTICLE
Boy Scouts
Scouting Organization
Child USA
New York
Child Victims Act
California
Kosnoff
Franklin D. Roosevelt
Franklyn D. St. John
Poughkeepsie
N.Y
Washington
Boy Scouts of America
Wilmington
Del
Also Mentioned on This Page
J. Puskar
Andy Wong
THE
Associated Press
Franklin Resources Buying
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