Search Results for:

You are here

Weak U.S. retail sales, industrial output point to slowing economy
News 4 days ago
Weak U.S. retail sales, industrial output point to slowing economy

WASHINGTON (Reuters) - U. S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other...

Share
WeWork starts $2.9 billion property platform with Canada's CDPQ
News 4 days ago
WeWork starts $2.9 billion property platform with Canada's CDPQ

NEW YORK (Reuters) - The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment...

Share
Macy's CEO says tariff escalation could hurt business
News 4 days ago
Macy's CEO says tariff escalation could hurt business

The largest U. S. department store operator is one of the first to comment publicly on the damage that U.S. President Donald Trump imposing tariffs...

Share
Weak U.S. retail sales, industrial output highlight slowing economy
News 4 days ago
Weak U.S. retail sales, industrial output highlight slowing economy

WASHINGTON (Reuters) - U. S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other...

Share
WeWork's starry valuation dazzles landlords, reaffirms doubters
News 1 week ago
WeWork's starry valuation dazzles landlords, reaffirms doubters

NEW YORK (Reuters) - WeWork's $47 billion valuation as it heads toward what may be the year's largest initial public offering after ride-hailing...

Share
Sticker shock from Trump's new trade tariffs months away
News 1 week ago
Sticker shock from Trump's new trade tariffs months away

The impact will not end there. Trump's plan to lift tariffs on $200 billion of Chinese imports to 25 percent from 10 percent is almost certain to...

Share
U.S. retail sales post biggest gain in one-and-a-half years in March
News 1 month ago
U.S. retail sales post biggest gain in one-and-a-half years in March

WASHINGTON, (Reuters) - U. S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a...

Share
U.S. pilot program allows online grocery shopping with food stamps
News 1 month ago
U.S. pilot program allows online grocery shopping with food stamps

WASHINGTON (Reuters) - The U. S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers...

Share
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
News 1 month ago
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

NEW YORK (Reuters) - Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury...

Share
U.S. retail sales, labor market data paint upbeat economic picture
News 1 month ago
U.S. retail sales, labor market data paint upbeat economic picture

WASHINGTON (Reuters) - U. S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a...

Share
Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
News 1 month ago
Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion

The deal comes after Apollo sold Smart & Final to Ares Management Corp, another buyout firm, in 2012 for $975 million, including debt. It is Apollo...

Share
GE to pay $1.5 billion U.S. civil fine over subprime mortgages
News 1 month ago
GE to pay $1.5 billion U.S. civil fine over subprime mortgages

The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud...

Share
GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages
News 1 month ago
GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

GE to pay $1.5 billion U. S. fine over crisis-era subprime mortgages The U.S. Department of Justice on Friday said the accord resolves claims that...

Share
Lenders seize UK retailer Debenhams, wiping out Ashley
News 1 month ago
Lenders seize UK retailer Debenhams, wiping out Ashley

LONDON (Reuters) - Debenhams' lenders took control of the ailing retailer on Tuesday after it went into administration, wiping out shareholders...

Share
Selling with the enemy: Why rival retailers embrace Amazon.com
News 1 month ago
Selling with the enemy: Why rival retailers embrace Amazon.com

MADRID/NEW YORK (Reuters) - Chico's FAS Inc warned in January that it would shutter at least 250 stores across its namesake brand, along with its...

Share
Debenhams' fate in the balance after Ashley rescue plan rejected
News 1 month ago
Debenhams' fate in the balance after Ashley rescue plan rejected

LONDON (Reuters) - Sports Direct boss Mike Ashley is still looking for ways to take control of Debenhams, he said on Monday after the ailing...

Share
IKEA to test furniture rental in 30 markets
News 1 month ago
IKEA to test furniture rental in 30 markets

KAARST, Germany (Reuters) - IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling...

Share
U.S. retail sales unexpectedly fall as economy slows
News 1 month ago
U.S. retail sales unexpectedly fall as economy slows

WASHINGTON (Reuters) - U. S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from...

Share
U.S. retail sales unexpectedly fall in February
News 1 month ago
U.S. retail sales unexpectedly fall in February

WASHINGTON, (Reuters) - U. S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus...

Share
Zara founder's real estate arm buys Amazon offices in Seattle
News 1 month ago
Zara founder's real estate arm buys Amazon offices in Seattle

Pontegadea Inmobiliaria, the real estate arm of the founder of fashion group Inditex, Amancio Ortega, this week completed the purchase of two...

Share
Office Depot, Support.com pay $35 million to settle FTC allegations
News 1 month ago
Office Depot, Support.com pay $35 million to settle FTC allegations

WASHINGTON (Reuters) - Retailer Office Depot Inc and software firm Support.com Inc have agreed to pay $35 million to settle U. S. Federal Trade...

Share
Top U.S. court rebuffs challenge to Nike over Michael Jordan photo
News 1 month ago
Top U.S. court rebuffs challenge to Nike over Michael Jordan photo

WASHINGTON (Reuters) - The U. S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of...

Share
Thomas Cook to shut 21 stores and cut jobs in shift to online
News 1 month ago
Thomas Cook to shut 21 stores and cut jobs in shift to online

British travel company Thomas Cook plans to axe 320 jobs and close 21 stores in its UK retail network to cut costs as consumers increasingly shop...

Share
Amazon's second headquarters faces new blocks in Virginia funding vote
News 2 months ago
Amazon's second headquarters faces new blocks in Virginia funding vote

WASHINGTON (Reuters) - Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its...

Share
Amazon's second headquarters clears blocks in Virginia funding vote
News 2 months ago
Amazon's second headquarters clears blocks in Virginia funding vote

WASHINGTON (Reuters) - Amazon.com Inc's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials...

Share
U.S. retail sales rebound but not enough to jolt slowing economy
News 2 months ago
U.S. retail sales rebound but not enough to jolt slowing economy

WASHINGTON (Reuters) - U. S. retail sales rose modestly in January after a December drop that was even larger than originally estimated, but the...

Share
Austria's Signa partners with RFR to buy New York's Chrysler Building: sources
News 2 months ago
Austria's Signa partners with RFR to buy New York's Chrysler Building: sources

Signa and RFR are equal partners in a joint venture that signed an agreement on Friday to buy the building from the Abu Dhabi Investment Council at...

Share
Amazon to close U.S. pop-up stores, focus on opening more book stores
News 2 months ago
Amazon to close U.S. pop-up stores, focus on opening more book stores

Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday....

Share
Abercrombie expects redesigned stores to boost 2019 sales, shares surge
News 2 months ago
Abercrombie expects redesigned stores to boost 2019 sales, shares surge

(This March 6 story, corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing...

Share
Amazon to close all U.S. pop-up stores
News 2 months ago
Amazon to close all U.S. pop-up stores

Amazon to close all U. S. pop-up stores The company's shares closed down 1.4 percent at $1,668.95. Amazon's all 87 pop-up stores in the United...

Share