Carrefour to pull out of Russia
CNBC
PARIS - French retailer Carrefour SA has decided to pull the plug on its Russian expansion plans due to a lack of growth opportunities there, the company said Thursday. Paris-based Carrefour, the world's second-largest retailer after U.S.-b...
Procter & Gamble projects earnings boost from pharma sale, sees sales ...
Chicago Tribune
WASHINGTON (AP) — Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for killing nine people and scaring consumers away from peanut products fo...
Key US earnings continue to aid risk appetite
FXStreet.com
-In equities: Carrefour [CA.FR] Reports Q3 Rev €24B v €24.3Be; aiming to sell Russian business and entirely move out of the market. Q3 French sales -3.4%; like for like -4.2%. ||Accor [AC.FR] Reports Q3 Rev €1.85B v €1.83Be; 9-month LFL -8....
Wal-Mart's Painful Lessons
CIO Today
Walmart has spent more than five years in Russia, maintaining a team of 30 executives who are still trying to plot an entry strategy at a time when other foreign retailers, like Carrefour, are bulking up their presence. And in Chile, a deca...
Logic behind Sainsbury bid hard to fathom
Financial Times
Mr Kasoulis is doubtful that Carrefour would bid for Sainsbury, as it is dealing with challenging markets closer to home and retrenching from some areas. Similarly, Germany’s Metro was attempting to “revive its own business,” he said. One ....
Carrefour to Leave Russia
Wall Street Journal
PARIS -- French retail giant Carrefour SA Thursday said it is leaving Russia shortly after entering the market, as it posted a 2.9% drop in third-quarter sales. Carrefour's decision to exit Russia comes on the heels of a series of news repo...
Bootlegging Windows 7 in China
NewsMax.com
And legitimate CDs can be had at local Carrefour outlets, though I've no idea how well they sell. © 2009 Reuters. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is ex...
Big Retailers Still Struggle in India
BusinessWeek
Indian regulations for foreign retailers are complicated; big-box stores such as Wal-Mart (WMT) or Carrefour are only allowed to partner with Indian companies in the wholesale sector, rather than selling directly to customers like Pandit. M...
US Dollar, Japanese Yen Higher as Oil Leads Commodities Lower ...
DailyFx
Similarly bad news comes out of Carrefour SA, Europe’s biggest retailer, who said that profits dropped 1.2% in the three months to June to register the second consecutive quarterly decline on sluggish French and Spanish spending. Such news ...
Updates, advisories and surprises
Marketwatch
International Business Machines Google Inc Carrefour Nokia Corp ... Alert Email Print By MarketWatch IBM earnings climb 14%, raises earnings outlook (4:08 PM ET) SAN FRANCISCO ...
Accor, Areva, Carrefour, Cegid, Safran: French Equity Preview
Bloomberg
Oct. 16 (Bloomberg) -- The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close. The CAC 40 added 1.16, or less than 0.1 per...
Carrefour recovery in doubt, shares under pressure
Reuters
PARIS, Oct 16 (Reuters) - French retailer Carrefour's ( CARR.PA ) ignominious exit from Russia and weak performance suggest its recovery plan will be a long slog and will put its share price under pressure. Carrefour said late on Thursday i...
Carrefour beats hasty Russian retreat
Financial Times
Carrefour , Europe’s biggest retailer, is to pull out of Russia only months after opening its first stores there, blaming its rapid departure on its inability to reach a “leadership” position in the market. The company last week denied it w...
Food, Drink & Agriculture
Scotsman.com
Carrefour gives lamb a lift in tough times in Europe for UK processors AMONG the hubbub and noise created by 756 meat suppliers trying to trade their wares at the giant food fair Anuga in Cologne yesterday, the newly-elected president of .....
Brazil's CBD In 5-Year Outsourcing Pact With IBM
CNN Money
Its main competitors in Brazil include U.S. retail giant Wal-Mart Stores Inc. (WMT) and France's Carrefour SA (CRERY, CA.FR). -By Rogerio Jelmayer, Dow Jones Newswires; 55-11-2847-4521; rogerio.jelmayer@ dowjones.com (END) Dow Jones Newswir...
