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Mix Reactions over Amazon Retreat on Long Island City

Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.

Feb 15, 2019 10:33 AM EST


Wall Street heavyweights on Cortez's proposed 70% super-rich tax

One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez's proposed 70% marginal tax rate on all income above $10 million.

Feb 08, 2019 10:25 AM EST


The 2008 recession associated with greater decline in mortality in Europe

In recent decades, Europe has experienced a downward trend in the annual number of deaths. Not only was this trend not arrested by the economic recession that started in 2008, in fact, the rate of decline increased during the recession years.

Feb 08, 2019 9:41 AM EST


Retailers can manipulate consumer regret to beat competitors

Retailers can manipulate consumer regret to beat competitors Markdown retailers can survive the entry of an everyday low price retailer into a highly competitive market by manipulating price, product availability, and the regret consumers feel when they pay too much or wait till a product is unavailable to buy it, according to a new study.

Nov 22, 2018 9:37 AM EST


LVMH takes control of Christian Dior in mammoth deal

The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.

May 01, 2017 6:39 PM EDT


Burberry posts ‘lackluster’ results

UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.

Apr 30, 2017 9:56 PM EDT


North Korea's 'Lazarus' hackers attack global banks, stolen money to fund nuclear programs

What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.

Apr 04, 2017 6:56 PM EDT


Fox News, Ailes slapped with another sexual harassment lawsuit, advertisers pulling out from top-rated show

A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.

Apr 04, 2017 6:37 PM EDT


South African president sacks finance minister over alleged disloyalty; calls for midnight reshuffle

South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.

Apr 03, 2017 7:02 PM EDT


Uniqlo to leave US if Trump insists the retailer makes all its clothes in America

The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.

Apr 03, 2017 11:51 AM EDT


Mexico's largest cement company Cemex won't build Trump's border wall

Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.

Mar 31, 2017 10:03 PM EDT


H&M to launch new brand Arket this year

Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.

Mar 31, 2017 10:00 PM EDT


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