28.4 F
New York City
January 17, 2020
Home » Department Stores (TRBC)

Department Stores (TRBC)

Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Reuters - Business

Which company just hit $1 trillion? Google it.

Reuters
NEW YORK (Reuters) – As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. FILE PHOTO: The logo......
Reuters - Business

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

Reuters
(Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. FILE PHOTO:Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji Hyundai......
Reuters - Business

Amazon orders electric vans from Deutsche Post’s StreetScooter

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol BERLIN (Reuters) – Amazon.com (AMZN.O) has ordered 40 electric vans from Deutsche Post’s (DPWGn.DE) StreetScooter unit for deliveries in the German city of Munich as part of the plan......
Reuters - Business

Amazon chief says to invest $1 billion in digitizing small businesses in India

Reuters
FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor NEW DELHI (Reuters) – Amazon.com Inc will invest $1 billion in......
Reuters - Business

Ahead of Bezos visit, India antitrust chief says e-commerce firms shouldn’t offer heavy discounts

Reuters
NEW DELHI (Reuters) – Big e-commerce firms should not offer steep discounts, must disclose discounting policies and ensure they do not drive brick-and-mortar rivals out of business, India’s antitrust chief said as his commission launched a probe into Amazon.com and Walmart’s Flipkart. FILE PHOTO: People move past a hoarding of......
Reuters - Business

Amazon to seek order to block Microsoft from working on DoD’s JEDI contract

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc (AMZN.O) will ask a judge to temporarily block Microsoft Corp (MSFT.O) from working on a $10 billion cloud contract from the Pentagon, a court filing......
Reuters - Business

India orders antitrust probe of Amazon, Walmart’s Flipkart

Reuters
NEW DELHI (Reuters) – India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country. FILE PHOTO: People move past a hoarding of Amazon India outside a metro rail station in......
Reuters - Business

India orders antitrust probe against Amazon, Walmart’s Flipkart

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo NEW DELHI (Reuters) – India’s antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, it said in an order on......
Reuters - Business

As Amazon.com flexes its muscle, Seattle moves to curb corporate political donations

Reuters
SEATTLE (Reuters) – Seattle, the Pacific Northwest city where home-grown online retailer Amazon.com has increasingly flexed its political muscle, is expected to approve on Monday legislation banning political contributions by companies with at least 5% foreign ownership. FILE PHOTO: An aerial photo looking south shows Gas Works Park and Lake......
Reuters - Business

Amazon boss Bezos to face protests from traders during India trip

Reuters
NEW DELHI (Reuters) – Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc (AMZN.O) founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks......
Reuters - Business

GM to revive Hummer name with electric pickups, SUVs: sources

Reuters
WASHINGTON (Reuters) – General Motors Co (GM.N) will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star LeBron James, two people briefed on the matter said on Friday. FILE......
Reuters - Business

Factbox: How social media services handle political ads

Reuters
SAN FRANCISCO (Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/File Photos/File......
Reuters - Business

Wall Street eyes record open as Middle East tensions fade

Reuters
(Reuters) – U.S. stocks were set to open at record levels on Thursday after the United States and Iran pulled back from new military action, while firming optimism about a U.S.-China trade deal added to the upbeat mood. FILE PHOTO: Traders work on the floor at the New York Stock......
Reuters - Business

Weak holiday sales at Kohl’s, J.C. Penney highlight growing online threat

Reuters
FILE PHOTO: The sign outside a Kohl’s store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking (Reuters) – Kohl’s Corp (KSS.N) and J.C. Penney Co Inc (JCP.N) posted weak holiday season sales on Thursday, affirming that traditional brick-and-mortar retailers struggled to compete with record-breaking online shopping between Thanksgiving......
Reuters - Business

Macy’s holiday season sales fall less than feared, to close 29 stores

Reuters
(Reuters) – Macy’s Inc (M.N) reported a small decline in holiday same-store sales on Wednesday, surprising investors who were bracing for a sharper drop following an earlier profit warning. The company, which cut its annual profit forecast in November blaming weak international tourism and sluggish mall traffic, reported a 0.6%......
Reuters - Business

Japanese billionaire Maezawa in $9 million ‘social experiment’ giveaway

Reuters
TOKYO (Reuters) – Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a “social experiment” to see if the payment boosts their happiness. FILE PHOTO: Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo, who has......
Reuters - Business

Grocers roll out plant-based burgers – at prices below Beyond Meat

Reuters
CHICAGO (Reuters) – Cashing in on rising demand for imitation meat, major retailers including Kroger, Target and Walmart recently began to carry Beyond Meat’s (BYND.O) plant-based burgers and sausages. FILE PHOTO: A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in London,......
Reuters - Business

Saudi Aramco falls on U.S.-Iran tensions; debt markets little changed

Reuters
DUBAI (Reuters) – Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran. Qatar’s traders look at share prices on an electronic display at the Doha......
Reuters - Business

Alibaba undercuts Amazon in Europe to woo wary brands

Reuters
MADRID/HANGZHOU, China (Reuters) – After years of reconnaissance, China’s retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers’ fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said. FILE PHOTO: A logo of Alibaba Group is......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More