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S&P, Dow lifted by financials; Microsoft pressures Nasdaq
News 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 9 months 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 9 months 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 9 months 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 9 months 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 9 months 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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J.C. Penney same-store sales miss estimates, shares tumble
News 9 months ago
J.C. Penney same-store sales miss estimates, shares tumble

J.C. Penney Co Inc on Thursday reported sales at established stores below analysts' estimates as the department store chain discounted heavily to...

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Wells Fargo faces probes over low-income housing tax credits: filing
News 9 months ago
Wells Fargo faces probes over low-income housing tax credits: filing

Multiple U.S. agencies are probing Wells Fargo & Co's use of low-income housing tax credits, the bank said in a regulatory filing on Friday....

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Buffett's Berkshire offers loan to owner of former Sears properties
News 9 months ago
Buffett's Berkshire offers loan to owner of former Sears properties

Billionaire Warren Buffett's Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears...

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Carlyle Group signs lease at One Vanderbilt in New York
News 9 months ago
Carlyle Group signs lease at One Vanderbilt in New York

SL Green Realty Corp, a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One...

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U.S. home sales sag as prices race to record high
News 9 months ago
U.S. home sales sag as prices race to record high

U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove...

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U.S. home sales fall as prices hit record high
News 10 months ago
U.S. home sales fall as prices hit record high

U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove...

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All Britain's Poundworld stores to close: administrator
News 10 months ago
All Britain's Poundworld stores to close: administrator

All British discount retailer Poundworld's stores will close by the middle of next month with the loss of thousands of jobs, the company's...

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Norway wealth fund buys logistics real estate in California
News 10 months ago
Norway wealth fund buys logistics real estate in California

Norway's sovereign wealth fund, the world's largest, has bought a logistics property in the U.S. state of California with its property partner...

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U.S. housing starts hit nine-month low; permits drop
News 10 months ago
U.S. housing starts hit nine-month low; permits drop

U.S. homebuilding fell to a nine-month low in June and permits for future construction declined for a third straight month, dealing a blow to the...

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U.S. housing starts hit nine-month low; permits fall
News 10 months ago
U.S. housing starts hit nine-month low; permits fall

U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it...

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U.S. housing starts drop to a nine-month low
News 10 months ago
U.S. housing starts drop to a nine-month low

U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it...

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Exclusive: Canada housing agency pushes for better income checks to catch fraud
News 10 months ago
Exclusive: Canada housing agency pushes for better income checks to catch fraud

Canada's housing agency has asked the country's tax authority to take a "more direct and formal role" verifying income claimed on mortgage...

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Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers
News 10 months ago
Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers

President Moon Jae-in wants South Koreans to work less and earn more – and to achieve that his government has hiked the minimum wage and slashed...

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