(Reuters) -Department store chain Kohl's cut its annual sales and profit forecast on Thursday after posting a surprise quarterly loss, on weaker consumer demand for its apparel and footwear, dragging its shares down 22% in premarket trade. American consumers are prioritizing essential purchases over non-essentials like apparel, electronics and home goods, as they are faced with the resumption of student...

07:16 AM EDT, 05/30/2024 (MT Newswires) -- Ryanair Holdings ( RYAOF ) lost a court battle over rival Finnair's COVID-19 bailout after the European Court of Justice upheld an earlier court ruling that the state aid did not violate regulations, Bloomberg News reported Thursday. According to the report, the court held that the 600 million-euro ($645 million) bailout for Finnair...

07:14 AM EDT, 05/30/2024 (MT Newswires) -- McDonald's (MCD) President Joe Erlinger said Thursday that he was frustrated and worried about what he described as inaccurate social media posts exaggerating the prices of its meals. We have seen viral social posts and poorly sourced reports that McDonald's has raised prices significantly beyond inflationary rates, he wrote in a letter posted...

May 30 (Reuters) - Hormel Foods ( HRL ) beat market expectations for second-quarter profit on Thursday and raised the lower end of its full-year earnings as the Wholly dips maker sees steady demand for higher-priced meat products. The Spam brand owner expects an annual adjusted earnings per share in the range of $1.55 to $1.65, compared with its prior...