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Wal-Mart gives tepid outlook as grocery race heats up

­­­­­­­­­­­Bloomberg Wal-Mart Stores Inc., racing to fend off Amazon.com Inc. and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The shares slid recently after the retail giant said that profit will be 90 cents to 98 cents a ...

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Uber’s Kalanick calls investor Benchmark lawsuit a ‘fabrication’

Bloomberg Uber Technologies Inc.’s co-founder Travis Kalanick fired back at investor Benchmark, saying its lawsuit seeking to oust him from the ride-hailing company’s board is based on “a fabrication” and accused the firm of threats and intimidation. Upping the ante on his fight with the venture capital firm, which holds a 13 percent stake in Uber, Kalanick said that Benchmark ...

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UK to give more Brexit plan details

­­­­­­­­­­­Bloomberg The UK is preparing to give further details of its approach to Brexit next week when it lays out positions in at least three different areas that it wants to negotiate with the European Union. Prime Minister Theresa May’s government will publish two papers on Monday with more expected in the following days, as Britain and the EU gear ...

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