Business News
IKEA to open first store in Slovenia in 2020
IKEA will start building its first store in Slovenia in October with construction expected to be completed in about 12 months, the Swedish furniture retailer said on Tuesday.
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Business News
BlackRock bets on the circular economy with new fund
BlackRock , the world’s largest asset manager, is actively investing in companies including Adidas , Tomra and Ball Corp through a new circular economy fund that bets on sustainable business.
Business News
Netflix CEO says plans to open offices, pay tax in Italy
Netflix Inc plans to open offices and start paying tax in Italy, Reed Hastings, chief executive of the U.S. video streaming service said on Tuesday after launching a production partnership agreement with Mediaset .
Business News
Netflix signs deal with Mediaset to co-finance Italian films
Netflix has struck a deal with Italy’s top commercial broadcaster Mediaset to produce films in the country, the two companies said on Tuesday, as they step up efforts to boost viewers amid tough competition.
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Major indexes slide as trade worries rattle market
Major indexes are in the red today as worries over the U.S.-China trade war rattles the market. Managing Director at Moody’s investors service Atsi Sheth and Managing Partner and CEO of iQ Capital Keith Bliss join Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre to discuss. …read more […]
Business News
Rent the Runway back up after operational glitch
U.S. clothing rental service Rent the Runway said on Tuesday its business was back online after an operational snag caused the company to cancel several customer orders and hold off on new sign-ups.
Business News
Nissan pins hopes on surprise CEO choice to lead revival
Nissan Motor Co named a relative outsider who joined the automaker mid-career as its next CEO on Tuesday, picking Makoto Uchida in a surprise move that was immediately seen as positive for its strained ties with top shareholder Renault.
Business News
Weak U.S. producer prices support another Fed interest rate cut
U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, which could give the Federal Reserve room to cut interest rates again later this month.
Business News
Wall St. falls at open as trade worries mount
U.S. stocks fell at the open on Tuesday, as a report the Trump administration was moving ahead with discussions around possible curbs on capital flows into China stirred up fresh worries over the outcome of high-level trade talks later this week.
Business News
Vodafone to close 15% of European stores
Vodafone will shut 15% of stores in Europe and upgrade some of the remaining outlets as customers buy online and change their expectations of in-store shopping, chief executive Nick Read said on Tuesday.
Business News
Trade angst, Brexit battle rattle European stocks, bond yields dip
European stocks sank and major bond yields nudged lower on Tuesday as concerns over China-U.S. trade talks, disappointing European company news and escalating tensions between London and Brussels sparked a flight to safety.
Business News
Target to power new Toys ‘R’ Us online business
Target Corp on Tuesday announced a partnership with Tru Kids, the parent company of Toys ‘R’ Us brand, to power the toy retailer’s online business in the United States ahead of the holiday season.
Trading Ideas
Nissan names head of China business to be new CEO
Nissan has tapped the head of its China business, Makoto Uchida, as its new president and chief executive, to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of its former chairman, Carlos Ghosn, last year. Uchida is replacing Hiroto Saikawa, who resigned after acknowledging receiving dubious income. The Japanese automaker announced Uchida’s appointment late Tuesday in a hastily called half-hour news conference by board members Yasushi Kimura and Masakazu Toyoda. …read more […]
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Goldman Sachs: 3 Recession-Resistant Stocks to Buy
Less than a week ago, Goldman Sachs private wealth management chief investment officer Sharmin Mossavar-Rahmani stoked investor worries with a comment putting the chances of a recession hitting the U.S. in 2020 at somewhere between 25% and 30%.But less than a week later, Goldman global strategist Peter Oppenheimer seemed to say the opposite, telling CNBC: “This downturn in manufacturing has been one of the longest on record and may start to stabilize, if not improve, somewhat soon … Growth has slowed but [the economy] is not close to recession,” he concluded.And we have to say — this all seems terribly …read more […]
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Deutsche Bank's chairman best paid among German blue chips in 2018
Deutsche Bank’s Paul Achleitner was the best paid chairman of a German blue-chip company last year, according to a study published Tuesday. Achleitner earned almost 860,000 euros ($944,624.00), surpassing that paid to the chairmen of BMW and Fresenius by more than 200,000 euros, according to shareholder lobby group DSW. Achleitner, whose salary was 7.3% higher than a year earlier, ousted Deutsche’s chief executive in 2018, and the bank reported its first annual profit in four years. …read more […]