Abercrombie & Fitch ends 'on-call' shift in all of its outlets in the U.S. starting September
In response to the letter sent by New York Attorney General Eric Schneiderman regarding the unlawful on-call shift of its employees, Abercrombie & Fitch announced it would end its on-call scheduling in September.
Aug 10, 2015 3:53 AM EDT
Tesco sells 6 billion pounds worth of assets to build turnaround fund
Tesco hopes to end its 'junk' status by filling its 5.74 billion pounds losses this year with a 6 billion pounds sell-off. Investors remain positive with UK's retail giant as shares go up.
Zara's parent Inditex gains 36%, founder Amancio Ortega becomes the second wealthiest man in the world
Zara lead Inditex in joining the 100 billion club and has become Spain's most valuable company. Its founder Amancio Ortega becomes the second wealthiest man in the world.
Super Bowl ads reach record-breaking high at $5M for 30-second spots
The price of airing a Super Bowl ad is increasing year by year with today's 30-second exposure amounting to $5 million.
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Returns on US Public Pensions drop to worst since 2012
The bleak performance in the global stock markets had impacted the returns on US pension funds and bonds.
Aug 09, 2015 11:45 PM EDT
Informatica closes deal to go private; Microsoft and Salesforce are strategic investors
A few months after announcing its plans to go private, Informatica closes the deal at $5.3 billion. Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.
Aug 09, 2015 11:17 PM EDT
McDonald's pulls off another trick: Table service in U.S. and U.K. outlets
McDonald's is trying out a table service this time. The trial is ongoing on 50 locations in the U.S. and one of its restaurants in England.
Aug 09, 2015 11:05 PM EDT
Media stocks tumble as more customers ditch cable
US stocks, led by shares of media companies, tumbled on Thursday, as earnings reports indicate more and more cable subscribers are shifting into video streaming for viewing. As people move away from traditional TV, Netflix shares soar.
Aug 09, 2015 10:19 PM EDT
'Blackfish' caused SeaWorld profit to dive by 84%
Blackfish documentary made a large impact on SeaWorld's second quarter performance leaving it with a plunge of 84%. Although there are other factors that caused the decline, the documentary is the main reason giving people the wrong impression about the captive whale. Despite all the challenges, CEO Joel Manby is still positive the company will overcome it and get back to business as usual.
Aug 07, 2015 12:08 PM EDT
New Yorkers give thumbs up to $15 per hour wage increase
Wage increase means commodity price increase. New Yorkers agreed and willing to pay more to help fast food workers elevate their standard of living. Other U.S cities will follow the phase in the next couple of years.
Aug 07, 2015 11:47 AM EDT
Good Eggs online farmers' market shuts down its operation in Brooklyn, New Orleans and Los Angeles
Good Eggs is closing down its operation in New Orleans, Los Angeles and Brooklyn. The CEO admitted they didn't understand that their target of multiplying outlets needs a different approach in business.
Aug 07, 2015 11:45 AM EDT
Blue Bell gets green light to resume production after
The US food authorities have given approval to Blue Bell to resume its ice cream production, which was forced to stop following the reports of illness and deaths caused by listeria bacteria contamination.
Aug 07, 2015 1:55 AM EDT
Zynga increases profits but loses users; Plans to launch new game
Zynga enjoys a dramatic increase in bookings and profits yet active users are declining. The company announces its partnership with Warner Bros. in a new slot game to be launched in 2016.
Aug 07, 2015 1:25 AM EDT
Tesla's stock down 6% as it lowers car delivery forecast
Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.
Aug 07, 2015 1:08 AM EDT
BEA: Residential and commerical real estate investments are in the uptrend, albeit very low
The business revival in the US economy is bringing more investments back into residential and commercial real estate.
Aug 06, 2015 11:16 PM EDT
Activision Blizzard surprises Wall Street with better-than-expected profits, earnings
Game publisher Activision Blizzard has posted positive earnings reports for the second quarter of 2015, exceeding analysts' expectations.
Aug 06, 2015 10:29 PM EDT
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