Bloomberg A BNP Paribas Exane analyst slapped a sell-equivalent rating on Amazon.com Inc’s stock, the first time in two years anyone on Wall Street has been bearish on the shares. Amazon’s capital spending is going to be much higher than the market expects, while profit margins will be hurt by “inflation shocks,” analyst Stefan Slowinski said in a phone ...

  Bloomberg UK airport ground-handling specialist John Menzies Plc accepted a $750 million takeover bid from Kuwaiti suitor Agility Public Warehousing Co that had been sweetened for a third time. The Menzies board backed the offer of 608 pence a share in cash after Agility subsidiary GIL International issued a formal proposal, the companies said. The bidding had started with ...

  Bloomberg Lululemon Athletica Inc delivered a sales forecast for this year that exceeded analyst estimates, suggesting that the company is overcoming supply-chain snags that disrupted operations earlier this year. The athletic-wear retailer expects sales to reach as much as $7.62 billion in the current fiscal year that ends next January. The average analyst estimate was $7.2 billion. The company’s ...