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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.

Mar 13, 2017 12:30 PM EDT


US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Mar 13, 2017 09:26 AM EDT


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 09:13 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 07:49 PM 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 09:04 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 09:04 AM 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 09:05 AM EST


Disney chief defends seat on Trump’s business advisory council

Walt Disney Co.'s CEO says his seat on US President Donald Trump's advisory council is an opportunity to voice opinions that could benefit Disney and the company's shareholders.

Mar 08, 2017 08:46 PM EST


ESPN to implement job cuts that could extend to personalities who appear on TV, radio, online

Details of the job cuts will still be finalized but layoffs would definitely take place through as a consequence to delivering ESPN fans content consumption.

Mar 08, 2017 08:55 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 08:54 AM EST


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