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.
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.
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.
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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
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
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
Sports Direct owner buys into lingerie brand Agent Provocateur
Sports Direct owner Mike Ashley has acquired an interest in the struggling luxury lingerie retailer, Agent Provocateur.
Mar 06, 2017 1:24 AM EST
Japan and Airbus welcome new agreement on industrial partnerships
Airline company Airbus welcomes new agreement on industrial partnerships with Japan. Airbus welcomes new agreement on industrial partnerships with Japan.
Mar 06, 2017 1:05 AM EST
Mexico economy minister sets meeting with US automaker executives in trade push
Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.
Mar 03, 2017 10:25 AM EST
Jimmy Choo revenues skyrocket with strong Asia market, weak pound and menswear range
The record revenues and profitability are proof to the growing appeal and strength of Jimmy Choo. Jimmy Choo reports strong revenue gains brought about by its growing market in China, the weak pound and its menswear line.
Mar 03, 2017 9:42 AM EST
Ford may cut more than 1000 jobs at Bridgend plant in worse case scenario
Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.
Mar 03, 2017 8:42 AM EST
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