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Top U.S. retailers absorb tariff pressure ahead of holiday shopping season
News 1 week ago
Top U.S. retailers absorb tariff pressure ahead of holiday shopping season

WASHINGTON (Reuters) - Prices for electronics sold online at top U. S. retailers were up slightly heading into the critical U.S. shopping season,...

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Aramco IPO retail subscription at $5.8 billion, says lead manager
News 2 weeks ago
Aramco IPO retail subscription at $5.8 billion, says lead manager

RIYADH (Reuters) - Retail subscription for Saudi Aramco's initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday...

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Amazon to open store on China's Pinduoduo marketplace on November 25: source
News 2 weeks ago
Amazon to open store on China's Pinduoduo marketplace on November 25: source

SHANGHAI (Reuters) - Amazon.com Inc (AMZN. O) on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc (PDD.O) that...

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Amazon opens pop-up store on China's Pinduoduo until year-end
News 2 weeks ago
Amazon opens pop-up store on China's Pinduoduo until year-end

SHANGHAI (Reuters) - Amazon.com Inc (AMZN. O) on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc (PDD.O) that...

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Macy's cut profit outlook after weak quarter; confident for holiday
News 2 weeks ago
Macy's cut profit outlook after weak quarter; confident for holiday

Shares fell 3% in morning trading. The company was the second major department store to cut its earnings outlook ahead of the critical holiday...

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Macy's cuts forecast ahead of holiday season after gloomy quarter
News 2 weeks ago
Macy's cuts forecast ahead of holiday season after gloomy quarter

Shares fell 4% in premarket trading. The company was the second major department store to cut its earnings outlook this week, after Kohl's Corp ...

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Nordstrom bucks trend of grim retail forecasts; share jump 8%
News 2 weeks ago
Nordstrom bucks trend of grim retail forecasts; share jump 8%

The Seattle-based company, which sells everything from apparel and footwear to home decor, said investments in its loyalty program and digital...

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Exclusive: Trump administration to miss 2019 target for Alaska refuge oil lease sale - official
News 2 weeks ago
Exclusive: Trump administration to miss 2019 target for Alaska refuge oil lease sale - official

- official WASHINGTON (Reuters) - The Trump administration will miss its target of holding the first-ever oil drilling lease sale in Alaska's...

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McDonald's employees in Chicago sue over workplace violence
News 2 weeks ago
McDonald's employees in Chicago sue over workplace violence

NEW YORK (Reuters) - McDonald's Corp (MCD. N) employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store...

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Jaguar Land Rover chief wants alliances, not a merger
News 2 weeks ago
Jaguar Land Rover chief wants alliances, not a merger

LOS ANGELES (Reuters) - Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of...

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J.C. Penney's loss smaller than expected, shares soar 13%
News 3 weeks ago
J.C. Penney's loss smaller than expected, shares soar 13%

Shares of the Plano, Texas-based company were trading up nearly 13% at $1.24 before the bell on Friday. The 117-year-old retailer, one of the worst...

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U.S. retail sales rebound, but big-ticket purchases drop
News 3 weeks ago
U.S. retail sales rebound, but big-ticket purchases drop

WASHINGTON (Reuters) - U. S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing,...

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U.S. retail sales rebound; manufacturing output tumbles
News 3 weeks ago
U.S. retail sales rebound; manufacturing output tumbles

WASHINGTON (Reuters) - U. S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing,...

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U.S. retail sales rise modestly; factory output tumbles
News 3 weeks ago
U.S. retail sales rise modestly; factory output tumbles

WASHINGTON (Reuters) - U. S. retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household...

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Burberry aims to woo more customers in China with Tencent tie-up
News 3 weeks ago
Burberry aims to woo more customers in China with Tencent tie-up

Burberry said it will open a so-called "social retail" store in Shenzhen in China's technology hub powered by Tencent technology in the first half...

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Facebook signs lease for office space in Hudson Yards
News 3 weeks ago
Facebook signs lease for office space in Hudson Yards

Hudson Yards is a $25 billion complex of commercial and residential skyscrapers built on Manhattan's far west side above the rail yards. "We're...

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Exclusive: Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado - sources
News 4 weeks ago
Exclusive: Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado - sources

- sources HOUSTON (Reuters) - Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when...

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New owner of Chrysler building plans more U.S. investment
News 1 month ago
New owner of Chrysler building plans more U.S. investment

BERLIN (Reuters) - Austrian investor Rene Benko, whose Signa Holding bought half of New York's Chrysler Building earlier this year, is looking for...

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Amazon's bid to acquire stake in Indian retailer faces antitrust hurdle: sources
News 1 month ago
Amazon's bid to acquire stake in Indian retailer faces antitrust hurdle: sources

NEW DELHI (Reuters) - India's antitrust body has sought more information from Amazon.com Inc (AMZN. O) about its planned acquisition of a stake in...

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Barneys' Madison Avenue store to remain open for at least a year
News 1 month ago
Barneys' Madison Avenue store to remain open for at least a year

A bankruptcy judge approved the sale of Barneys brands and other intellectual property to Authentic Brands, a firm that acquires and licenses...

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Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion
News 1 month ago
Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion

SINGAPORE (Reuters) - Ascendas Real Estate Investment Trust (AEMN. SI) said on Friday it is buying 30 business parks in the United States and...

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U.S. SEC considers relaxing post-crisis structured mortgage product rules
News 1 month ago
U.S. SEC considers relaxing post-crisis structured mortgage product rules

WASHINGTON (Reuters) - The U. S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules...

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Trump administration eases risks for banks on false lending claims
News 1 month ago
Trump administration eases risks for banks on false lending claims

WASHINGTON (Reuters) - The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by...

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H&M opens new-look small boutique in Berlin, plans more
News 1 month ago
H&M opens new-look small boutique in Berlin, plans more

BERLIN, (Reuters) - H&M (HMb. ST) opened a boutique-like store in a trendy neighbourhood in Berlin on Friday that offers yoga classes, a cafe with...

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Walmart offers holiday deals early to avoid shorter holiday season
News 1 month ago
Walmart offers holiday deals early to avoid shorter holiday season

WASHINGTON (Reuters) - Walmart Inc (WMT. N) will offer online holiday deals a few days earlier this year in order to minimize the impact from a...

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Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources
News 1 month ago
Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources

The new financing will help stock Sears' store shelves for the holiday shopping season, as it struggles to become profitable. Lampert is no...

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Weak U.S. retail sales cast gloom over economy
News 1 month ago
Weak U.S. retail sales cast gloom over economy

WASHINGTON (Reuters) - U. S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be...

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Weak U.S. retail sales cast pall over slowing economy
News 1 month ago
Weak U.S. retail sales cast pall over slowing economy

WASHINGTON (Reuters) - U. S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be...

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Weak U.S. retail sales cast shadow over slowing economy
News 1 month ago
Weak U.S. retail sales cast shadow over slowing economy

WASHINGTON (Reuters) - U. S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be...

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Wells Fargo adding to mortgage loan processing teams
News 2 months ago
Wells Fargo adding to mortgage loan processing teams

Banks are anticipating a surge in mortgage activity fueled by lower interest rates. The hiring initiative is a change in course for Wells Fargo,...

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