Target Slashes Outlook as Sales Fall

Target said 2017 profits would fall as much as 25% below what Wall Street forecast, and the big-box retailer reported sales and profit declines for the holiday quarter.

 
Scotiabank Profit Climbs 11%

Bank of Nova Scotia reported an 11% increase in earnings in its fiscal first quarter, with growth driven by solid performances from its domestic and international banking operations.

 
Valeant's Revenue Falls 13%

Valeant Pharmaceuticals said its revenue fell 13% in the fourth quarter, hurt by the performance of the stomach-drug business it tried to sell late last year as well as lower drug prices.

 
Samsung Heir Lee Jae-yong to Be Indicted on Bribery Charges

South Korean prosecutors said they would indict the Samsung conglomerate's de facto leader Lee Jae-yong on charges of bribery and four other offenses, setting in motion legal proceedings that could put the tycoon behind bars for years.

 
Domino's Pizza Results Boosted by Domestic Sales

Domino's Pizza reported stronger-than-expected results for its latest quarter, propelled by strong domestic same-store sales and an increase in the number of stores.

 
NYSE Said to Be Considering 'Inverted' Model for New Exchange

NYSE has approached market participants about launching a so-called "inverted" exchange, a move that would borrow from the playbook of rivals Nasdaq and Bats Global Markets.

 
Honda Chases Silicon Valley With New Artificial-Intelligence Center

Honda is creating a research arm focused on artificial intelligence, an area where car makers are racing against tech giants and upstarts-and where one of Honda's American advisers says it risks falling behind.

 
SoftBank-Backed Venture in Talks With Intelsat

OneWeb is discussing a possible merger with the debt-laden satellite operator in a bid to maximize subscribers per satellite deployed, two people with knowledge of the matter said.

 
Sale of London's 'Cheesegrater' Skyscraper Nears

British Land and Oxford Properties Group are close to completing the sale of the prominent London skyscraper known as 'the Cheesegrater' in what would be one of the city's biggest ever property deals.

 
Apple's Next iPhone Will Have a Curved Screen

Apple has decided to adopt a flexible OLED display for one model of the new iPhone coming out this year and has ordered sufficient components to enable mass production.

(END) Dow Jones Newswires

February 28, 2017 09:00 ET (14:00 GMT)

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