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Sears prepares to file for bankruptcy in coming days: sources
News 5 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 5 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 5 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 5 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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SoftBank in talks to buy majority stake in loss-making WeWork: source
News 5 months ago
SoftBank in talks to buy majority stake in loss-making WeWork: source

SoftBank in talks to buy majority stake in loss-making WeWork: source SAN FRANCISCO/NEW YORK (Reuters) - Japan’s SoftBank Group Corp (9984. T) is...

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SoftBank upping bet on loss-making WeWork with possible majority stake: source
News 5 months ago
SoftBank upping bet on loss-making WeWork with possible majority stake: source

SoftBank upping bet on loss-making WeWork with possible majority stake: source SAN FRANCISCO/NEW YORK (Reuters) - Japan’s SoftBank Group Corp (9984...

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Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce
News 5 months ago
Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce

LONDON (Reuters) - Europe’s largest retailer Carrefour SA (CARR. PA) has adopted blockchain ledger technology to track and trace chicken, eggs and...

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Casino gambles on Amazon-style checkout free Champs Elysees store
News 5 months 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 5 months 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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U.S. retailer group sees 2018 holiday sales up more than 4 percent
News 5 months ago
U.S. retailer group sees 2018 holiday sales up more than 4 percent

U. S. retailer group sees 2018 holiday sales up more than 4 percent NEW YORK (Reuters) - U. S. holiday sales will increase 4.3 percent to 4.8...

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J. C. Penney names former Joann Stores chief as CEO
News 5 months 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 5 months 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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Amazon to raise minimum wage to $15 for U.S. employees
News 5 months ago
Amazon to raise minimum wage to $15 for U.S. employees

Amazon to raise minimum wage to $15 for U. S. employees (Reuters) - Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour...

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Amazon raises minimum wage to $15, urges rivals to follow
News 5 months ago
Amazon raises minimum wage to $15, urges rivals to follow

(Reuters) - Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U. S. employees from next month, bowing to criticism...

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J. C. Penney names retail veteran, Joann Stores chief as new CEO
News 5 months ago
J. C. Penney names retail veteran, Joann Stores chief as new CEO

J. C. Penney names retail veteran, Joann Stores chief as new CEO (Reuters) - J. C. Penney Co Inc (JCP. N) on Tuesday hired Jill Soltau, former...

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J.C. Penney names Jill Soltau as CEO
News 5 months ago
J.C. Penney names Jill Soltau as CEO

(Reuters) - J. C. Penney Co Inc (JCP. N) on Tuesday named Jill Soltau as its new chief executive officer, effective mid-October, ending the...

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Toys 'R' Us lenders cancel auction, lenders plan to revive brand
News 5 months ago
Toys 'R' Us lenders cancel auction, lenders plan to revive brand

(Reuters) - Toys ‘R’ Us has canceled the bankruptcy auction of its brand name and other intellectual property assets and instead plans to revive...

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Sears CEO Lampert offers new deals to avert bankruptcy
News 5 months 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 5 months 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 6 months 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 6 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 6 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 6 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 6 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 6 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 6 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 6 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 6 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 6 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 6 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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