Business & Finance News
Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company’s continued operation as it awaits approval to sell some of its businesses to its chief executive’s hedge fund.
IKEA Group, the owner of most IKEA stores worldwide, said on Friday all its home deliveries in the inner cities of Amsterdam, Los Angeles, New York, Paris and Shanghai would be made by electric vehicles or through other zero-emission means by 2020.
Volkswagen said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars.
Victoria’s Secret owner L Brands Inc on Thursday said it would close all 23 of its Henri Bendel stores and the Henri Bendel e-commerce website in January of next year.
Fidelity Investments’ bet on a privately held maker of e-cigarettes faces new risks after U.S. health regulators on Wednesday said they are considering a ban on flavored versions of the popular “vaping” products.
The U.S. Securities and Exchange Commission handed public companies a procedural victory on Thursday in their efforts to reduce the influence of proxy advisory firms, rescinding a pair of staff letters that critics said encouraged mutual funds to rely on their recommendations.
Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.
Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.
Volkswagen said on Thursday it would stop producing its Beetle compact car globally in 2019, ending a model that looked backward to the 1960s counter-culture as the automaker prepares for a leap toward a future of mass-market electric cars.
A bipartisan group of U.S. lawmakers on Thursday asked Alphabet Inc’s Google if it will re-enter the Chinese search engine market and if it would comply with China’s internet censorship policies upon its return.
United Parcel Service Inc is doubling down on shipments between businesses as part of a $20 billion overhaul aimed at automating its facilities and offsetting the profit squeeze from lower-profit home deliveries from large retailers like Amazon.com .
Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.
Canadian Prime Minister Justin Trudeau said on Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks.
There may be room for the U.S. jobs market to improve further without pressure on inflation, an argument for the Fed to be patient as it considers further rate increases, Atlanta Federal Reserve bank president Raphael Bostic said on Thursday.
Canadian Prime Minister Justin Trudeau said on Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that Sept. 30 was the final deadline for talks.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
