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Blackstone concedes defeat to Canadians in battle for Australia's Investa
News 1 month ago
Blackstone concedes defeat to Canadians in battle for Australia's Investa

Blackstone concedes defeat to Canadians in battle for Australia's Investa SYDNEY (Reuters) - Private equity giant Blackstone Group (BX. N) has quit...

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Rising rates knock U.S. mortgage activity to lowest since 2014: MBA
News 1 month ago
Rising rates knock U.S. mortgage activity to lowest since 2014: MBA

Rising rates knock U. S. mortgage activity to lowest since 2014: MBA (Reuters) - U. S. consumers filed the fewest requests for a mortgage since...

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U.S. housing starts, building permits fall in September
News 1 month ago
U.S. housing starts, building permits fall in September

WASHINGTON (Reuters) - U. S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly...

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U.S. holiday hiring hits highest since 2014 as consumer confidence soars
News 1 month ago
U.S. holiday hiring hits highest since 2014 as consumer confidence soars

(Reuters) - Holiday hiring of more than 700,000 workers by U. S. retailers would be the largest since 2014, according to a report by a global...

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Factbox: Tesla executive departures since 2016
News 1 month ago
Factbox: Tesla executive departures since 2016

(Reuters) - Electric carmaker Tesla Inc (TSLA. O) has seen a flurry of senior executives leave the company in recent months. FILE PHOTO: A man...

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Walmart warns investors it will 'test a lot and fail a lot;' cuts profit forecast
News 2 months ago
Walmart warns investors it will 'test a lot and fail a lot;' cuts profit forecast

Walmart warns investors it will 'test a lot and fail a lot;' cuts profit forecast (Reuters) - Walmart Inc’s (WMT. N) chief executive officer on...

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Walmart warns it will 'test a lot, fail a lot;' cuts profit forecast
News 2 months ago
Walmart warns it will 'test a lot, fail a lot;' cuts profit forecast

(Reuters) - Walmart Inc’s (WMT. N) chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech...

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Walmart CEO points to new company culture, cuts profit forecast
News 2 months ago
Walmart CEO points to new company culture, cuts profit forecast

(Reuters) - Walmart Inc’s (WMT. N) chief executive officer on Tuesday urged investors to revise their view of the company’s business, touting its...

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Target adds new space, more toys for holiday season
News 2 months ago
Target adds new space, more toys for holiday season

Target adds new space, more toys for holiday season NEW YORK (Reuters) - Target Corp (TGT. N) will dedicate nearly a quarter of a million square...

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Sears faces tough foe: an unforgiving bankruptcy code
News 2 months ago
Sears faces tough foe: an unforgiving bankruptcy code

(Reuters) - When Sears Holdings Corp (SHLD. O) filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and...

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U.S. retail sales rise modestly; consumer spending strong
News 2 months ago
U.S. retail sales rise modestly; consumer spending strong

WASHINGTON (Reuters) - U. S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in...

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U.S. retail sales increase modestly; consumer spending strong
News 2 months ago
U.S. retail sales increase modestly; consumer spending strong

WASHINGTON (Reuters) - U. S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in...

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Airbnb bill may limit short-term rentals in U.S. capital
News 2 months ago
Airbnb bill may limit short-term rentals in U.S. capital

Airbnb bill may limit short-term rentals in U. S. capital WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major...

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Many U.S. mall owners say good riddance to Sears
News 2 months ago
Many U.S. mall owners say good riddance to Sears

Many U. S. mall owners say good riddance to Sears NEW YORK (Reuters) - The real estate investment trusts that own the malls and shopping centers...

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Bankruptcy judge approves financing to keep Sears open
News 2 months ago
Bankruptcy judge approves financing to keep Sears open

(Reuters) - A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the...

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Sears, once a retail titan, files for Chapter 11 bankruptcy
News 2 months ago
Sears, once a retail titan, files for Chapter 11 bankruptcy

(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of...

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Exclusive: Sears CEO steps in for bankruptcy financing - sources
News 2 months ago
Exclusive: Sears CEO steps in for bankruptcy financing - sources

(Reuters) - Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million...

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Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources
News 2 months ago
Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources

Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources (Reuters) - Sears Holdings Corp is planning to close up to 150 of its...

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Walmart acquires online lingerie retailer Bare Necessities
News 2 months ago
Walmart acquires online lingerie retailer Bare Necessities

NEW YORK (Reuters) - Walmart Inc (WMT. N) said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its...

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Empty shelves, poor customer service speed Sears' demise
News 2 months ago
Empty shelves, poor customer service speed Sears' demise

(Reuters) - Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. FILE PHOTO...

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U.S. business group says Trump China tariffs cost $1.4 billion/month
News 2 months ago
U.S. business group says Trump China tariffs cost $1.4 billion/month

WASHINGTON (Reuters) - A coalition of U. S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at...

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Exclusive: Sears CEO Lampert explores bidding for assets in bankruptcy - sources
News 2 months ago
Exclusive: Sears CEO Lampert explores bidding for assets in bankruptcy - sources

(Reuters) - Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U. S. retailer’s businesses...

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Sears skips payments to vendors amid bankruptcy concerns
News 2 months ago
Sears skips payments to vendors amid bankruptcy concerns

(Reuters) - Sears Holdings Corp (SHLD. O) has started to miss payments to vendors, adding to concerns about its future after sources said on...

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Sears preparing to file for bankruptcy as early as Friday: sources
News 2 months ago
Sears preparing to file for bankruptcy as early as Friday: sources

Sears prepares to file for bankruptcy as early as Friday: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Sears prepares to file for bankruptcy in the coming days, sources say
News 2 months ago
Sears prepares to file for bankruptcy in the coming days, sources say

Sears prepares to file for bankruptcy in coming days: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Exclusive: Citigroup may face fair lending penalty from regulator - sources
News 2 months ago
Exclusive: Citigroup may face fair lending penalty from regulator - sources

WASHINGTON (Reuters) - A U. S. financial regulator is mulling sanctions against Citigroup Inc (C.N) for denying minority customers the kinds of...

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Sears prepares to file for bankruptcy in coming days: sources
News 2 months ago
Sears prepares to file for bankruptcy in coming days: sources

Sears prepares to file for bankruptcy in coming days: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ
News 2 months ago
Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ

(Reuters) - Debt-laden retailer Sears Holdings Corp (SHLD. O) has hired advisers to prepare for a possible bankruptcy that could come ahead of a...

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Gangnam style: KKR to invest in office property in southern Seoul
News 2 months ago
Gangnam style: KKR to invest in office property in southern Seoul

Gangnam style: KKR to invest in office property in southern Seoul SEOUL (Reuters) - A group of companies led by KKR & Co (KKR. N) will invest in an...

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HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim
News 2 months ago
HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim

HSBC to pay $765 million to settle U. S. mortgage securities mis-selling claim LONDON (Reuters) - HSBC on Tuesday said it would pay $765 million to...

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