India’s Infosys reports Q1 profit growth on client wins

Infosys, India’s second-biggest software services exporter, reported a 1.4 percent increase in first-quarter profit on Friday, slightly beating street estimates, helped by key client wins. Bengaluru-headquartered Infosys posted a consolidated net profit of 34.83...

German grocer Lidl promises high quality, low prices; US supermarkets take notice

The grocery wars are growing in America with a new German competitor in play, which hopes to shake things up. Coming to the U.S., Lidl wants to be to Wegmans, as Trader Joe’s is to Whole Foods, Karen Short, a food and grocery analyst at Barclays, told...

JC Penney to add toy sections in all stores

Department store operator JC Penney said it was opening toy shops in all its stores and has already doubled its online assortment of toys over the last year, with plans to expand further by the holiday season. The retailer, which has over 1,000 stores, will sell toys...

Why Amazon Prime Day might become the new Black Friday

Tuesday was Amazon’s third Prime Day and the retailer said it was the biggest day ever in Amazon’s history. The event grew by 60 percent compared to the same 30 hours last year and said sales growth for small businesses and entrepreneurs was even higher....

Major defense stocks reach all-time highs as investors see weapons spending boost

Defense companies such as Lockheed Martin and Northrop Grumman have been gaining amid chatter that the proposed defense funding will come in at 5 percent above the Trump administration’s fiscal 2018 plan. Some of the defense stocks in late-day trading Wednesday...