Posts Tagged ‘Business’

U.S. Budget Deficit Widened to $305 Billion in First Two Months of Fiscal 2019

Friday, December 14th, 2018

The government ran a $305 billion deficit in October and November, compared with a $202 billion deficit during the same period a year earlier, the Treasury Department said.

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Starbucks to Offer Coffee Delivery Across U.S.

Friday, December 14th, 2018

Starbucks plans to expand coffee delivery across the U.S. with UberEats as part of a broader strategy to try to reach more customers.

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Making of a Computer-Generated Influencer

Friday, December 14th, 2018

Social media’s so-called influencers have become sought-after brand ambassadors, with millions of followers and lucrative advertising deals. Now, the computer-generated Miquela Sousa character is testing the power of online celebrity.

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Sears Goes Under and Sales Go Up

Friday, December 14th, 2018

The retailer, which has filed for bankruptcy protection, attributed a 4.3% rise in comparable sales to liquidations at stores that it is closing. Still, total revenue fell 23% and its loss widened.

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Sales Rise at Costco, but Fall Short of Expectations

Friday, December 14th, 2018

Costco Wholesale sales surged in its latest quarter, as the warehouse chain continued to benefit from a strong economy and shopper interest in everything from bulk toilet paper to discounted branded clothes.

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Many States See Strong Revenue

Friday, December 14th, 2018

At least 19 states are reaping more than they expected for their general funds this fiscal year. Economic growth and changes in U.S. tax law are both feeding the revenue stream.

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LVMH Close to Deal for Hotel Operator Belmond

Friday, December 14th, 2018

French luxury-goods company LVMH Moet Hennessy Louis Vuitton is close to a deal to acquire Belmond, a London-based owner and operator of high-end hotels around the world.

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Amazon Invasion in New York and Virginia Will Be a Slow One

Friday, December 14th, 2018

Amazon’s announcement that it will bring 25,000 new jobs each to New York and Northern Virginia sparked a frenzy of activity. Lost in the commotion: It will take many years, if not a decade, before residents see an army of Amazon employees invading their cities.

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GE to Sell Part of Digital Business

Friday, December 14th, 2018

General Electric reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions.

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California Girds for Higher Power Prices After Fires

Friday, December 14th, 2018

PG&E customers could soon face massive rate hikes due to the state’s catastrophic wildfires, experts say.

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Apple Plans Billion-Dollar Texas Campus in Wave of New Sites

Friday, December 14th, 2018

Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it aims to make good on promises to boost contributions to the economy.

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Virgin Galactic Rockets Out of Atmosphere for First Time

Friday, December 14th, 2018

Virgin Galactic LLC, Richard Branson’s space-tourism venture, reached the edge of space in a test flight Thursday, four years after a fatal accident set back the project.

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Lucy Peng to Step Down as CEO of Alibaba’s Lazada

Friday, December 14th, 2018

Longtime Alibaba executive Lucy Peng is stepping down as chief executive of the e-commerce giant’s Lazada Group after nine months on the job.

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Walmart, Express Scripts Extend Prescription-Services Agreement

Thursday, December 13th, 2018

Walmart and pharmacy-benefit manager Express Scripts have extended their network agreement to provide access to Walmart’s prescription services for Express Scripts clients’ covered members.

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Huawei’s U.S.-Based Workers Grow Wary After Arrest

Thursday, December 13th, 2018

The arrest of Huawei’s finance chief has stirred job insecurity among the Chinese company’s 1,500 U.S.-based workers, already uneasy about Washington’s campaign against their employer.

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Many U.S. Financial Officers Think a Recession Will Hit Next Year

Thursday, December 13th, 2018

Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019, with the tight labor market and growing trade tensions driving economic jitters among corporate America.

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Lowe’s Adds $10 Billion to Stock Buyback Program

Thursday, December 13th, 2018

Lowe’s plans to increase its share buyback program by $10 billion, as the home-improvement retailer looks to turn investor sentiment and prove to Wall Street its business and growth plans are on solid footing.

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Harassment Complaints Still Bring Retaliation

Thursday, December 13th, 2018

Workplace retaliation against those reporting sexual harassment remains an issue, even as the #MeToo movement has emboldened people who say they have been mistreated.

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ECB Stimulus’s Mixed Legacy: Economic Success, Political Fiasco

Thursday, December 13th, 2018

The European Central Bank is nearing a landmark decision to wind down its $3 trillion bond-buying program, closing a chapter on a policy the U.S. used to help restore its growth but one that had mixed results in Europe.

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Plastic Water Bottles, Which Enabled a Drinks Boom, Now Threaten a Crisis

Thursday, December 13th, 2018

Facing a consumer backlash and stricter regulation, companies are trying to do what’s eluded them for years: make a better bottle. Evian has pledged to make all its bottles 100% recycled plastic. Nestlé, PepsiCo, Coca-Cola and other makers are adding products and trying new strategies.

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P&G Buys Walker to Expand Offerings to African-Americans

Thursday, December 13th, 2018

Procter & Gamble agreed to acquire Walker & Co. as the consumer-products giant looks to serve more African-Americans with health and beauty products.

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CBS News Settles Harassment Suit From Three Colleagues of Charlie Rose

Thursday, December 13th, 2018

CBS News settled a lawsuit, for undisclosed terms, brought by three women who alleged they were harassed by former on-air personality Charlie Rose.

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GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

Thursday, December 13th, 2018

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company’s plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy.

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U.S. Soybean Farmers Work to Loosen China’s Grip

Thursday, December 13th, 2018

As trade tensions cut deeply into exports, U.S. soybean farmers, industry groups and government officials are seeking a stronger foothold in international markets beyond China, including Europe and Southeast Asia.

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U.S. Consumer Prices Flat in November, Posing Dilemma for Fed

Thursday, December 13th, 2018

Inflation remains muted even though unemployment has fallen to a near 50-year low and economic growth in 2018 was among the fastest in this expansion.

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Scientists Skeptical About Gene-Edited Baby Experiment

Thursday, December 13th, 2018

When a Chinese scientist claimed last month that he created the first genetically modified babies, scientists around the world were stunned and alarmed. Now, scientists who examined the very limited available data from the experiments are questioning whether the gene edits the scientist claimed he made were even successful.

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Tailored Brands Trims Outlook

Thursday, December 13th, 2018

Tailored Brands Inc. lowered its outlook for the year after sales at its Men’s Wearhouse business softened last month.

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Tencent Music Rises in Trading Debut

Thursday, December 13th, 2018

Investors sounded notes of optimism about Tencent Music Entertainment Group, one of the biggest IPOs in the U.S. in recent years, pushing its shares 7.7% higher in the company’s trading debut.

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FBI: Chinese Espionage Poses ‘Most Severe’ Threat to American Security

Thursday, December 13th, 2018

The disclosures, at a Senate Judiciary Committee hearing, came as the Trump administration is preparing to lay out an unprecedented amount of evidence in coming days about Chinese spying and hacking operations designed to steal secrets from U.S. companies.

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Europe and Japan’s Cheese-for-Cars Trade Deal to Launch Next Year

Thursday, December 13th, 2018

European Union lawmakers capped a two-year sprint to seal an economic partnership agreement with Japan, highlighting the U.S. allies’ urgency in reacting to President Trump’s disruptive trade policies.

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