07:00 AM EDT, 08/21/2024 (MT Newswires) -- According to multiple media reports late Tuesday, a federal judge in Texas has blocked a US Federal Trade Commission ban on agreements preventing workers from joining their employers' rivals or launching competing businesses. District Judge Ada Brown ruled that the FTC overstepped its authority. Brown ruled that even if the FTC had the...

(Reuters) -Macy's lowered its annual net sales forecast on Wednesday as lingering weakness in U.S. consumer spending dashes hopes of a turnaround in demand for big-ticket discretionary goods, sending its shares down 10% in premarket trade. The company now expects annual net sales of $22.1 billion to $22.4 billion, compared with its prior forecast of $22.3 billion to $22.9 billion....

Aug 21 (Reuters) - Macy's missed market expectations for quarterly revenue on Wednesday as lingering weakness in U.S. consumer spending hurt demand for big-ticket, non-essential goods. The company's second-quarter net sales fell 3.8% to $4.9 billion, compared with analysts' expectations for a 0.23% fall to $5.12 billion, according to LSEG. (Reporting by Juveria Tabassum; Editing by Devika Syamnath) ...

06:52 AM EDT, 08/21/2024 (MT Newswires) -- The UK Competition and Markets Authority said Wednesday it had closed its March 2021 investigation into Apple ( AAPL ) regarding the distribution of apps on iOS and iPadOS devices in the UK, specifically, the terms and conditions that app developers must adhere to when accessing Apple's ( AAPL ) App Store. The...