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Dior

News May 01, 2017 06:39 PM EDT

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.
Tesco to settle accounting error for £129 million plus £85m damages to investors

News Mar 30, 2017 10:12 AM EDT

Tesco to settle accounting error for £129 million plus £85 million damages to investors

Large supermarket group Tesco is set to pay £129 million in settlement for overstating the company's profits in 2014.
Companies Like Nordstrom, Neiman, Marcus and Kmart are dropping the Trump Brand

News Feb 22, 2017 11:16 AM EST

Experts Explain Why Major Retailers Are Dropping The Trump Brand

Retail experts say the reason why retail giants like Nordstrom, Neiman Marcus and Kmart have decided to pull out the Trump brand from their stores is mostly business-related.
Toshiba International Corporation

News Feb 15, 2017 01:08 AM EST

Toshiba chair quits hours after conglomerate reveals $3.4 billion loss

Toshiba's chairman steps down shortly after the Japanese multinational conglomerate reported a multi-billion-dollar loss.
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Wells Fargo to pay $110 million settlement over fake accounts scandal

Wells Fargo to pay $110 million settlement over accounts scandal

US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.

Featured Stories

Brexit negotiations will highly cost Britain in debts, currency and rates; OBR and analysts say

UK officially leaves EU; forecasters warn of tough times ahead

While Theresa May told MPs that Brexit doubters should look forward with optimism,

Burberry Beverly Hills flagship store

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.
Sears Holdings

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.

Latest Stories

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.

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.

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.

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.

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.

Must Read

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.

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.

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.

Amazon to collect state sales tax marking the end of tax-free shopping experience

Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.

Topshop managing director leaves for The White Company in a string of resignations from Arcadia empire

An analyst notes that Mary Homer's departure will have an impact on Topshop saying that her fashion instincts were key players to the success of the brand.

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Business News

Delta Plans to Buy Half of Mexico's Biggest Airline

News Feb 28, 2017 02:39 PM EST

Delta Plans to Buy Nearly Half of Aeromexico, The Country's Biggest Airline

Following the launch of its historic partnership last year, Delta announces its plans to buy nearly half of Aeromexico, which is considered the oldest and biggest Mexican airline.

Business News

Lenovo

Lenovo Third Quarter Profits Plummet

News Feb 19, 2017 09:11 PM EST

Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.

World News

Investor observes stock market at a stock exchange hall

News Feb 28, 2017 01:54 AM EST

Asian shares rise ahead of Trump speech

Asian shares up, strengthened by gains on Wall Street as investors await President Donald Trump speech.

Market News

Energy loyalty plans could benefit millions

News Feb 05, 2017 07:16 PM EST

Energy giants plan to help 10 million people with new loyalty program

Npower and EDF Energy told MPs they were considering reward programs to help customers who stay with them, it could even include a free boiler service.

Tech News

Chinese Youngers Play Online Games At An Internet Cafe In Wuhan

News Apr 14, 2016 07:18 AM EDT

Alibaba, Baidu, and 23 Other Chinese Tech Companies Pledged to Help Government Fight Online Terrorism

As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies

Personal Finance News

Puerto Rico Teeters On Edge Of Massive Default

News Apr 14, 2016 07:16 AM EDT

US Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday.

Life News

USA New York - headquarters of JPMorgan Chase & Co

News Apr 14, 2016 07:13 AM EDT

Five Large US Banks Do Not Have Sufficient Plan for Crisis Due to Lack of Information

GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.
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