Sears admits plan to avoid bankruptcy by selling brands may prove difficult
Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.
Mar 23, 2017 8:47 PM EDT
Japanese minister agrees to contribute information on developments with Toshiba
The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.
Renault denies reports it cheated on emissions tests for decades
Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.
Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition
Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.
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Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out
Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.
Mar 16, 2017 8:08 AM EDT
Apple found guilty of price-fixing practices in Russia, regulator says
Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years. Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.
Mar 15, 2017 6:05 AM EDT
Vodafone vows to create 2,100 jobs in the UK to enhance quality of customer service
Mobile tech giant Vodafone is slowly trying to recover its tarnished reputation over the botched IT billing system and poor customer service record by hiring thousands of call center employees in the UK.
Mar 14, 2017 6:10 AM EDT
US jobs increase in Trump's first full month projecting economic optimism
Employers added 235,000 US jobs in February as per a Labor Department report released on Friday. US employers added 235,000 jobs in February as per a Labor Department report released on Friday.
Mar 13, 2017 9:26 AM EDT
Sears posts another quarterly operating loss
Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.
Mar 12, 2017 10:57 PM EDT
Staples closes 70 stores amid disappointing stocks and sales
Traditional brick-and-mortar stores have been under pressure for some time due to greater online competition, which led Staples to close 4.5 percent of its store in 1,600 locations.
Mar 11, 2017 9:13 AM EST
Airbnb closes $1 billion round of investment funding making it second most valuable start-up in US
The San Francisco-based firm offered not to comment further on how it would use the investment funding, instead it expressed its intention to expand operations globally.
Mar 10, 2017 9:06 AM EST
Swedish retailer H&M joins Better Than Cash Alliance
Swedish retailer, H&M, joins the United Nations' Better Than Cash Alliance, a partnership of governments, companies and international organisations which aims to accelerate the transition from cash to digital payments.
Mar 09, 2017 7:49 PM EST
Samsung expands manufacturing in the US to produce home appliances
The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.
Mar 09, 2017 9:05 AM EST
US oil output set to break records in 2018
The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.
Mar 09, 2017 9:04 AM EST
Disney chief defends seat on Trump’s business advisory council
Walt Disney Co.'s CEO says his seat on US President Donald Trump's advisory council is an opportunity to voice opinions that could benefit Disney and the company's shareholders.
Mar 08, 2017 8:46 PM EST
ESPN to implement job cuts that could extend to personalities who appear on TV, radio, online
Details of the job cuts will still be finalized but layoffs would definitely take place through as a consequence to delivering ESPN fans content consumption.
Mar 08, 2017 8:55 AM EST
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