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Philip Morris names insider Massimo Andolina as CFO

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May 20 (Reuters) - Philip Morris International on Wednesday named insider Massimo Andolina as its chief financial officer, effective August 1, succeeding Emmanuel Babeau. Babeau, appointed as the CFO in May 2020, will remain with the company until March 31, 2027, as a strategic advisor... Read More.

Stellantis, JLR to explore jointly developing vehicles in US

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May 20 (Reuters) - Stellantis and Britain's Jaguar Land Rover will consider jointly developing vehicles in the U.S., the French-Italian automaker said on Wednesday. The two companies signed a preliminary agreement to explore collaboration opportunities in product and technology development. They did not disclose any... Read More.

TJX raises annual sales, profit forecasts

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May 20 (Reuters) - TJX raised its annual comparable sales and profit forecasts on Wednesday, banking on resilient demand at its off-price retail stores as budget-conscious consumers increasingly shop for deals amid economic uncertainties. Shares of the Framingham, Massachusetts-based company rose 3.6% in premarket trading... Read More.

Lowe’s sticks to forecasts as US housing pressure persists

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May 20 (Reuters) - Lowe's on Wednesday backed its annual forecasts, joining larger rival Home Depot in flagging a challenging U.S. housing market as cautious households push back big-ticket do-it-yourself projects. U.S. consumer sentiment slumped to a record low in early May while a popular... Read More.
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