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WeWork's starry valuation dazzles landlords, reaffirms doubters
News 5 months 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...

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Sticker shock from Trump's new trade tariffs months away
News 5 months 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...

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U.S. retail sales post biggest gain in one-and-a-half years in March
News 6 months 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...

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U.S. pilot program allows online grocery shopping with food stamps
News 6 months 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...

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Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
News 6 months 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...

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U.S. retail sales, labor market data paint upbeat economic picture
News 6 months 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...

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Casino gambles on Amazon-style checkout free Champs Elysees store
News 1 year ago
Casino gambles on Amazon-style checkout free Champs Elysees store

Casino is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go checkout-free convenience stores in...

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HSBC bolsters infrastructure, power and real estate teams in expansion drive
News 1 year ago
HSBC bolsters infrastructure, power and real estate teams in expansion drive

HSBC has hired seven new bankers to expand its power, infrastructure and real estate businesses as part of a global push to serve clients across...

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J. C. Penney names former Joann Stores chief as CEO
News 1 year ago
J. C. Penney names former Joann Stores chief as CEO

J. C. Penney Co Inc on Tuesday named Jill Soltau as its new chief executive officer, effective mid-October, ending the department store chain's...

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Kroger to test grocery pick-up program at Walgreens stores
News 1 year ago
Kroger to test grocery pick-up program at Walgreens stores

U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick...

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Sears CEO Lampert offers new deals to avert bankruptcy
News 1 year ago
Sears CEO Lampert offers new deals to avert bankruptcy

Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain...

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UK's Debenhams can grow again, says boss
News 1 year ago
UK's Debenhams can grow again, says boss

The boss of Britain's Debenhams came out fighting on Monday, saying the department store chain's troubles had been exaggerated and insisting the...

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U.S. existing home sales unchanged in August
News 1 year ago
U.S. existing home sales unchanged in August

U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite...

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S&P, Dow lifted by financials; Microsoft pressures Nasdaq
News 1 year ago
S&P, Dow lifted by financials; Microsoft pressures Nasdaq

The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising...

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WeWork tops JPMorgan as No. 1 New York tenant as coworking booms
News 1 year ago
WeWork tops JPMorgan as No. 1 New York tenant as coworking booms

WeWork Cos said it surpassed JP Morgan, the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing...

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Exclusive: Saudi Arabia to auction detained tycoon's real estate assets- sources
News 1 year ago
Exclusive: Saudi Arabia to auction detained tycoon's real estate assets- sources

Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of...

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Kroger misses same-store sales estimates as revamp deters customers
News 1 year ago
Kroger misses same-store sales estimates as revamp deters customers

U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down 9.2 percent in premarket trading, as...

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Kroger misses same-store sales estimates, shares fall
News 1 year ago
Kroger misses same-store sales estimates, shares fall

Kroger Co missed quarterly same-store sales estimates on Thursday, as disruptions caused by the supermarket chain changing the way it stocks...

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U.S. incomes rose but inequality widened in 2017: data
News 1 year ago
U.S. incomes rose but inequality widened in 2017: data

The median U.S. household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between...

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U.S. home refinancing falls to lowest since December 2000: MBA
News 1 year ago
U.S. home refinancing falls to lowest since December 2000: MBA

U.S. mortgage refinancing activity declined to its lowest level in more than 17-1/2 years last week as home borrowing costs rose, the Mortgage...

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How tech jobs helped Rust Belt become house-flipping hotspot
News 1 year ago
How tech jobs helped Rust Belt become house-flipping hotspot

In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on...

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IKEA to open first store in Ukraine next year
News 1 year ago
IKEA to open first store in Ukraine next year

Swedish retailer IKEA will open its first store in Ukraine next year because of the country's improved business climate, a senior executive said on...

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Dollar Tree same-store sales miss estimates, shares fall
News 1 year ago
Dollar Tree same-store sales miss estimates, shares fall

Discount store operator Dollar Tree Inc reported quarterly same-store sales on Thursday that fell short of estimates due to weak sales at its...

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IKEA to shut Norwegian in-town stores amid cost cuts
News 1 year ago
IKEA to shut Norwegian in-town stores amid cost cuts

Furniture retailer IKEA will shut three city center stores in Norway as part of a drive to cut costs amid declining profits, the company said in a...

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Tiffany's results beat estimates, profit outlook up
News 1 year ago
Tiffany's results beat estimates, profit outlook up

Tiffany & Co's results topped Wall Street estimates on Tuesday as a heavy advertising spend drew in both affluent and more price-conscious shoppers...

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Nike stores closed in South Africa amid outcry over racist web post
News 1 year ago
Nike stores closed in South Africa amid outcry over racist web post

Some Nike stores were closed in South Africa on Wednesday after public outcry over a racist comment by a man that local media said had links to the...

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Lowe's cuts forecasts on Orchard Supply shutdown
News 1 year ago
Lowe's cuts forecasts on Orchard Supply shutdown

Home improvement chain Lowe's Cos Inc trimmed its full-year profit and sales forecasts on Wednesday as it began winding down Orchard Supply...

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Lowe's same-store sales misses estimates, shares drop
News 1 year ago
Lowe's same-store sales misses estimates, shares drop

Lowe's Cos Inc missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U...

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Brazil mall executives shrug off looming Amazon.com expansion
News 1 year ago
Brazil mall executives shrug off looming Amazon.com expansion

Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed...

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Encouraged by online sales, Nordstrom raises full-year profit forecast
News 1 year ago
Encouraged by online sales, Nordstrom raises full-year profit forecast

Upscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than...

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