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Earnings

Viacom sets Netflix deal that augurs future strategy

Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.

Nordstrom pays price for overcharging error as shares dive

Shares in Nordstrom Inc slumped 9 percent on Thursday after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.

Strong U.S. economy boosts Walmart's third-quarter sales

Walmart Inc reported higher-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online.

J.C. Penney gives gloomy outlook before holidays

J.C. Penney Co Inc predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results on Thursday due to heavy discounting aimed at righting the company.

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