Estée Lauder Issues Weak Forward Guidance, Announces CEO Retirement

Shares of Estée Lauder (EL) are down 5% after the cosmetics giant issued weak forward guidance and announced that chief executive officer (CEO) Fabrizio Freda is retiring. New York City-based Estée Lauder said that it expects earnings of $2.75 U.S. to $2.95 U.S. per share for the current 2025 fiscal year. Analysts had earnings of $3.97 U.S. a share penciled in for the company. Estée Lauder also said that it sees revenue for the remainder of the fiscal year in a range of a 1% decrease to an increase of 2%.The company blamed the weak outlook on soft sales in China, saying that it sees a more…

Canada Faces Rail Stoppage As Labour Negotiations Breakdown

A national rail stoppage is looming across Canada after the two largest railroad operators issued lockout notices to their unionized workforces over the weekend. Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have notified the Teamsters union representing 10,000 workers that they plan to lockout workers starting on August 22.However, the lockout notices come after the Teamsters, which represent yard workers, locomotive engineers and conductors, issued 72-hour strike notices to both companies. A shutdown of the national rail network that stops freight shipments could have…

CE Brands Expands Motorola Smartwatch Lineup with All-New Moto Watch 120 – TheNewswire.ca

CE Brands Expands Motorola Smartwatch Lineup with All-New Moto Watch 120  TheNewswire.caMotorola Moto Watch 120: Affordable Smartwatch with Gemini Integration  NextPit InternationalMoto Watch 120 with calling support & 10-day battery life launched  Android HeadlinesA new Motorola Moto Watch 120 seems to have been quietly released in the US at a killer price  PhoneArena