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
Toshiba looking to sell controlling stake in Westinghouse Unit
Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal
Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.
Trump banks on big tech investment from Middle East
US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.
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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
China gives preliminary approval for dozens of Trump-related trademarks in businesses
Trump's lawyers in China say the business is simply trying to protect Trump trademark from anyone who might try to use the name to its advantage.
Mar 09, 2017 9:04 AM EST
General Motors lays off 1,100 employees in Lansing plant
The workers keeping their jobs now are still safe from any employment actions as General Motors just invested $583 million in the plant.
Mar 08, 2017 8:55 AM EST
Snapchat parent company's IPO gains just disappeared
Analysts are concerned over Snapchat's sudden growth, valuation and hype for the past weeks and claim its IPO gains as overpriced.
Mar 08, 2017 8:54 AM EST
Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses
French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.
Mar 07, 2017 9:42 AM EST
German tycoon Schlecker faces fraud trial with family
Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.
Mar 07, 2017 9:42 AM EST
Luxury automakers drive online sales on Tmall.com
China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with Tmall.com to reach the country's affluent and digitally active consumers.
Mar 06, 2017 5:58 AM EST
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