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ReutersTJX raises annual profit forecast as off-price stores attract bargain hunters
(Reuters) -TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers flocking to its off-price stores for products such as apparel and footwear. The TJ Maxx parent has hit the right spot as customers continue to hunt for value and better deals even as inflationary pressures ease, driving steady traffic and sales at its outlets. Retailers including TJX, Walmart, and Amazon have rolled out holiday deals on everything from toys to household items earlier than usual as they woo penny-pinching shoppers.
- Reuters
Son of Norway's crown princess appears in court in rape case
The son of Norway's crown princess appeared in court on Wednesday to challenge a police request to place him in preventive detention while they investigate an accusation of rape made against him. Police on Monday detained Marius Borg Hoiby, 27, son of Crown Princess Mette-Marit and stepson to Crown Prince Haakon, on suspicion of having had a sexual encounter "with someone who is unconscious or for other reasons unable to resist the act". The accusation of rape concerned a "sexual encounter without intercourse", police said in a statement, without elaborating.
- Yahoo Celebrity UK
Liam Payne mourned by One Direction, Cheryl and Simon Cowell at funeral
There were many of Payne's family and friends in attendance at his funeral, including the One Direction stars, Cheryl Tweedy former The X Factor boss Simon Cowell.
- The Canadian Press
Comcast to spin off cable networks, once star performers for the entertainment giant
WASHINGTON (AP) — Comcast will spin off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.
- The Guardian
Severn Trent’s profits triple as it fails drinking water risk rules
Half-year profits of £192m come despite being ‘in penalty’ over quality
- Yahoo News
Bomb cyclone knocks out power to 500,000 in Washington, snow is forecast from the Plains to Northeast as Americans gear up for Thanksgiving travel
With millions of people preparing to travel for the Thanksgiving holiday, two strong storm systems are forecast to bring high winds, heavy rain and snowfall to a large swath of the United States this week.
- The Canadian Press
Stock market today: Wall Street holds steady as the countdown ticks for Nvidia's profit report
NEW YORK (AP) — U.S. stocks are quiet as Wall Street gears up for what may be the biggest event left on its calendar this year, the earnings report from superstar stock Nvidia after the close. The S&P 500 was flat in early trading Wednesday. The Dow Jones Industrial Average was up 74 points, or 0.2%, while the Nasdaq composite slipped 0.1%. Williams-Sonoma soared after delivering better profit and revenue than expected. Target fell sharply after delivering results that fell short of analysts’ ex
- The Canadian Press
ICC sentences al-Qaida-linked former police chief to 10 years for war crimes in Mali
THE HAGUE (AP) — The International Criminal Court sentenced an al-Qaida-linked extremist leader to 10 years in prison on Wednesday for war crimes and crimes against humanity carried out when he headed the Islamic police in the historic desert city of Timbuktu in the west African country of Mali.
- The Telegraph
Front-line police losing confidence after Kaba prosecution, says Chris Philp
Front-line police are losing the confidence to use their full powers in the wake of the shooting of Chris Kaba, the shadow home secretary has warned.
- Reuters
Oil prices tick up as market weighs Ukraine war escalation
LONDON (Reuters) -Oil prices edged higher on Wednesday as concern that escalating hostilities in the Ukraine war could potentially disrupt oil supply from Russia outweighed data showing rising U.S. crude stocks. Brent crude futures for January were up 40 cents, or 0.6%, at $73.71 a barrel by 1420 GMT. The escalating war between major oil producer Russia and Ukraine has kept a floor under the market this week.
- Sky News
Liam Payne's One Direction bandmates Harry Styles and Louis Tomlinson among mourners as funeral takes place
Friends and family of Liam Payne, including his One Direction bandmates, have gathered to say goodbye at his funeral. Harry Styles, Louis Tomlinson, Niall Horan and Zayn Malik were among the family and friends attending the private ceremony. Simon Cowell, who put the band together on The X Factor, Payne's girlfriend Kate Cassidy, and former partner Cheryl were also there.
- The Canadian Press
Liam Payne's One Direction bandmates among the mourners at singer's funeral
LONDON (AP) — The former members of One Direction reunited Tuesday for the funeral of bandmate Liam Payne.
- FTW Outdoors
Will Taylor Swift and Travis Kelce go to the 2024 CMA Awards for their first red carpet together?
It's the 2024 Country Music Awards, known colloquially as the CMAs. That means we'll get plenty of performances by country music's biggest artists, and definitely some roasts and jokes by the hosts including Luke Bryan, Peyton Manning and Lainey Wilson. But if…
- Reuters
Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals
LONDON (Reuters) -Ford said on Wednesday it would cut around 14% of its European workforce, blaming losses in recent years amid weak demand for electric vehicles, poor government support for the shift to EVs, and competition from subsidized Chinese rivals. Ford said the 4,000 job cuts would be primarily in Germany and the United Kingdom. Globally, the layoffs represent around 2.3% of Ford's workforce of 174,000.
- The Telegraph
Gatwick bosses urge Starmer not to delay decision over second runway
Bosses at Gatwick have urged the Prime Minister to avoid delaying a decision on proposals for a new runway Britain’s second-biggest airport.
- Yahoo Sports
Let's stop pretending the Bulls' Josh Giddey is a real point guard. He's a power forward
There's more evidence to suggest Giddey should seek to switch positions.
- Evening Standard
Sheridan Smith apologies to Peter Crouch after son 'put spell on him' at Harry Potter event
The actress issued a jokey apology to the former Spurs striker as Billy decided to make him the subject of his spell-casting
- Reuters
Target shares plunge as retailer expects stagnant holiday quarter sales
(Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling 18% in early trading. The U.S. retailer now expects flat comparable sales in the fourth quarter and a profit of $1.85 to $2.45 per share. Analysts on average had expected a 1.64% rise in sales and profit of $2.66 per share.
- The Conversation
Glasgow School of Art: wrangles, delays and challenges of a faithful reconstruction ten years on
The increase in costs and timescale involved in the proposed work means at least another decade before the art school is restored to its former glory.
- Yahoo Movies
New Humphrey Bogart doc managed to surprise his son, Stephen: His story has 'never been told in this way'
"Bogart: Life Comes in Flashes" frames the actor's life around the women who influenced him most — his mother and four wives.