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Tesco plans to remove 1,700 managerial jobs

The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.

Mar 01, 2017 09:02 AM EST


Qantas posts decline in net profits

The results indicate Qantas' strong performance in a mixed international market amidst its strategy and ongoing transformation while investing for customers.

Mar 01, 2017 09:02 AM EST


Alibaba seeks tougher penalties for purveyors of counterfeit goods

E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.

Mar 01, 2017 01:21 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.

Feb 28, 2017 01:54 AM EST


Tesla Nearly Exceeds 114-Year-Old Ford's Market Value

Electric automaker is set to release its mass market car this year.

Feb 28, 2017 10:46 AM EST


Verizon Slashes Yahoo Deal Price By $350 Million

The telecommunications giant and internet pioneer signed an agreement to cut the deal by $350 million after Yahoo's image tumbled down with one hacking scandal after the other.

Feb 27, 2017 08:59 PM EST


Swiss Watchmaker Tag Heuer Opens Flagship Store on Tmall.com

Tag Heuer launches flagship store on Tmall.com, China's largest third-party e-commerce platform for brands and retailers, in an attempt to target the internet-savvy younger generation.

Feb 26, 2017 09:29 PM EST


Nordstrom’s Quarterly Earnings Beat Expectations

US upscale department store chain posts growth in fourth quarter earnings exceeding analysts' expectations.

Feb 23, 2017 09:09 PM EST


Ralph Lauren CEO Steps Down After Creative Dispute With Founder

Stefan Larsson, President and CEO, will leave Ralph Lauren Corporation after the namesake's founder realized conflicting views on how to evolve the creative and consumer-facing parts of its business.

Feb 23, 2017 07:20 AM EST


Australia's TerryWhite Chemmart Posts Strong Half-Year Earnings

Australian pharmacy group, TerryWhite Chemmart, doubles revenue following the merger.

Feb 22, 2017 12:11 AM EST


Lenovo Third Quarter Profits Plummet

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

Feb 19, 2017 09:11 PM EST


Retail Spending in UK Rises Slightly in January

UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016.

Feb 19, 2017 08:12 PM EST


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