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Factbox: Walmart and Tesla fought in private long before solar lawsuit
News 1 month ago
Factbox: Walmart and Tesla fought in private long before solar lawsuit

Walmart hired SolarCity to install solar panel systems on at least 244 of its stores. Tesla bought SolarCity in 2016, and Walmart alleges that...

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As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements
News 1 month ago
As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements

WASHINGTON (Reuters) - U. S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice...

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Resale clothing company thredUP gets $175 million in funding
News 1 month ago
Resale clothing company thredUP gets $175 million in funding

NEW YORK (Reuters) - Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to...

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Target shares surge on same-day delivery boost
News 1 month ago
Target shares surge on same-day delivery boost

The retailer has spent billions of dollars on its push to compete with the ease of delivery provided by Amazon.com Inc and Walmart Inc, buying...

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Walmart sues Tesla for negligence after repeated solar system fires
News 1 month ago
Walmart sues Tesla for negligence after repeated solar system fires

Solar energy systems installed and maintained by the electric car maker were responsible for fires at seven locations, with dozens showing...

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U.S. housing starts fall further, but permits at seven-month high
News 2 months ago
U.S. housing starts fall further, but permits at seven-month high

U. S. housing starts fall further, but permits at seven-month high WASHINGTON (Reuters) - U. S. homebuilding fell for a third straight month in...

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U.S. housing market mired in weakness; consumer sentiment ebbs
News 2 months ago
U.S. housing market mired in weakness; consumer sentiment ebbs

WASHINGTON (Reuters) - U. S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing...

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J.C. Penney quarterly loss halves, sales still fall amid turnaround
News 2 months ago
J.C. Penney quarterly loss halves, sales still fall amid turnaround

The 117-year-old retailer, one of the worst-hit by the surge in online shopping in the past decade, reaffirmed it expected positive free cash flow...

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Surge in U.S. retail sales underscores economy's resilience
News 2 months ago
Surge in U.S. retail sales underscores economy's resilience

WASHINGTON (Reuters) - U. S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases,...

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WeWork preps for IPO with growing revenues and widening losses
News 2 months ago
WeWork preps for IPO with growing revenues and widening losses

The filing with the U. S. Securities and Exchange Commission underscores We Company's rapid growth but also the billions of dollars it is investing...

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WeWork to test IPO investor appetite with widening losses
News 2 months ago
WeWork to test IPO investor appetite with widening losses

The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, money-losing start-ups, at a time...

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WeWork and the new brand of office-space providers
News 2 months ago
WeWork and the new brand of office-space providers

WeWork has sent a shockwave through the office real estate sector globally with its model of taking on long-term leases and renting them out to...

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Macy's shares sink as discounts to clear inventory hurt, tourism drops
News 2 months ago
Macy's shares sink as discounts to clear inventory hurt, tourism drops

The largest U.S. department store operator, whose flagship building in Manhattan is a major tourist attraction, blamed a bigger-than-expected...

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Macy's sinks as poor spring season hits profit
News 2 months ago
Macy's sinks as poor spring season hits profit

The largest U.S. department store operator, whose flagship building in Manhattan is a major tourist attraction, blamed a bigger-than-expected...

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Amazon in talks to buy up to 10% stake in India's Future Retail: Bloomberg
News 2 months ago
Amazon in talks to buy up to 10% stake in India's Future Retail: Bloomberg

The move comes as Amazon is looking to expand its reach in the Indian brick-and-mortar market, about a year after retailer Walmart Inc (WMT.N)...

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Investors look for consumer pressure ahead of next tariffs
News 2 months ago
Investors look for consumer pressure ahead of next tariffs

Investors and analysts are anxious about the impact of Trump's planned 10% tariff on the remaining $300 billion in Chinese imports, which will...

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Walmart asks employees to pull violent video game signage from stores
News 2 months ago
Walmart asks employees to pull violent video game signage from stores

The retailer said it has taken the action following the mass shootings in Texas and Ohio in the past week, which left 31 people dead. In an...

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New York retail icon Barneys files for bankruptcy
News 2 months ago
New York retail icon Barneys files for bankruptcy

NEW YORK/PARIS (Reuters) - Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by...

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Tesco to cut 4,500 jobs in Metro restructuring
News 2 months ago
Tesco to cut 4,500 jobs in Metro restructuring

LONDON (Reuters) - Tesco (TSCO. L), Britain's biggest retailer, said it would cut around 4,500 jobs from its Metro stores in a new wave of...

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WeWork hosts analysts before IPO; debt, lease obligations in focus
News 2 months ago
WeWork hosts analysts before IPO; debt, lease obligations in focus

NEW YORK (Reuters) - Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first...

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What a Fed rate cut means for your wallet
News 2 months ago
What a Fed rate cut means for your wallet

NEW YORK/WASHINGTON (Reuters) - A decision by the Federal Reserve to cut interest rates may do little at this point to cut some of the costs that...

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Khazanah, Temasek to sell part of joint Singapore property for about $1.2 billion
News 2 months ago
Khazanah, Temasek to sell part of joint Singapore property for about $1.2 billion

SINGAPORE (Reuters) - A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office...

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Italy picks Deloitte to set up 500 million-euro real estate fund
News 2 months ago
Italy picks Deloitte to set up 500 million-euro real estate fund

ROME (Reuters) - Italy has picked the consulting firm Deloitte as its financial adviser in setting up a 500 million-euro real estate fund in an...

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J.C. Penney tie-up favorable for Sephora business: LVMH
News 2 months ago
J.C. Penney tie-up favorable for Sephora business: LVMH

PARIS (Reuters) - U. S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH (LVMH.PA)...

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Exclusive: J.C. Penney taps debt restructuring advisers - sources
News 3 months ago
Exclusive: J.C. Penney taps debt restructuring advisers - sources

The 117-year-old department store chain's move represents a high-stakes attempt to get its financial house in order before its cash coffers dwindle...

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Australian developer LendLease lands $15 billion project with Google; shares surge
News 3 months ago
Australian developer LendLease lands $15 billion project with Google; shares surge

The deal is a significant boon for LendLease, coming at a time when Australian developers navigate the domestic property market's worst downturn in...

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Australian property firm LendLease lands $15 billion deal with Google
News 3 months ago
Australian property firm LendLease lands $15 billion deal with Google

LendLease in a statement said it will jointly take up the master planning, entitlement and development of three major areas in the San Francisco...

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Strong U.S. retail sales boost economic outlook
News 3 months ago
Strong U.S. retail sales boost economic outlook

WASHINGTON (Reuters) - U. S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt...

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U.S. property trust Vornado challenges Arcadia's restructuring plan
News 3 months ago
U.S. property trust Vornado challenges Arcadia's restructuring plan

Arcadia said the challenges to the CVAs, which were approved in June by the majority of creditors, were "without merit" and it would defend itself...

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Exclusive: Barneys New York explores options that include bankruptcy - sources
News 3 months ago
Exclusive: Barneys New York explores options that include bankruptcy - sources

NEW YORK (Reuters) - U. S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it...

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