Market movers: Stocks seeing action on Thursday - and why
A survey of North American equities heading in both directions
Source: theglobeandmail.com
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Estee Lauder lowers sales estimate as demand soften
Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space.
Source: insideretail.asia
Market movers: Stocks seeing action on Wednesday - and why
A survey of North American equities heading in both directions
Source: theglobeandmail.com
Estee Lauder Tempers Sales View despite US, China Recovery
Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space, even as a demand rebound for its pricey items in the US and Asia-Pacific markets drove a profit forecast raise. Shares of the New York-based company dropped nearly 10% on Wednesday. Estee also beat third-quarter results expectations, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation had pressured sales of luxury items in the world's biggest economy.
Source: aawsat.com
Rolls-Royce is growing its factory so it can build its 'bespoke' cars more slowly
By Peter Valdes-Dapena, CNN
Source: erienewsnow.com