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Sainsbury profit falls as chain battling for shopper loyalty

J Sainsbury Plc’s profit is falling after the supermarket absorbed some of its own surging costs to limit price increases for cash-strapped consumers at a time when UK grocers are fighting to maintain market share. Britain’s second-largest supermarket chain said retail operating profit fell 9% in the first half as it invested in key product categories to keep prices competitive ...

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Boeing’s $14 billion Indonesia jet deal stalls over financing

Boeing Co.’s proposed sale of 36 new F-15 fighter jets and equipment to Indonesia has hit a snag over financing, according to people familiar with the matter. Executives from the US plane-maker flew to Jakarta this week to discuss the transaction with Indonesian officials on the sidelines of an annual defense exhibition, the people said, asking not to be identified ...

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Starbucks sales beat estimates as consumers pay up for lattes

Starbucks Corp. reported sales that exceeded expectations as US consumers forked over more for their lattes amid higher economy-wide inflation, driving the shares higher in late trading. The key measure of same-store sales rise 7% in the quarter ended October 2 — above the average estimate for 4.1% global growth compiled by Bloomberg. Internationally, same-store sales shrank, but less than ...

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