UPDATE: Gap, Inc. (GPS) Misses Q3 EPS by 2c; Trims FY15 EPS Outlook
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Gap cuts full-year profit forecast as dollar weighs
November 19, 2015 4:21 PM EST(Reuters) - Apparel retailer Gap Inc (NYSE: GPS) cut its 2015 profit forecast, hurt by a strong dollar and weak sales at its Banana Republic and Gap brands but Chief Executive Arthur Peck said the brands would see a material improvement in spring.
A series of fashion misses, particularly in women's merchandise, have turned shoppers away from the Gap brand toward competitors such as... More
Wall St. edges down; healthcare sinks and Intel climbs
November 19, 2015 7:15 AM ESTBy Noel Randewich
(Reuters) - Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in December.
A profit warning by UnitedHealth (NYSE: UNH) led to a 5.65 percent drop in its stock, making the health insurer the biggest drag on the Dow Jones industrial average and the S&P 500. It also sent the shares of competitors Anthem (NYSE: ANTM) and Aetna (NYSE:... More
