NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales. FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in
Business
FILE PHOTO: Shoppers walk past Sports Direct store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo LONDON (Reuters) – Sports Direct (SPD.L) said on Monday it had delayed the publication of its preliminary results due to problems integrating House of Fraser and increased scrutiny of its accounts which could affect its
(Reuters) – American Airlines Group Inc (AAL.O) said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co (BA.N) 737 MAX jets. FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma,
NEW YORK (Reuters) – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24,
HONG KONG/NEW YORK/BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR) said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd (1876.HK), in what would have been the world’s biggest initial public offering (IPO) of 2019. AB InBev, the world’s largest brewer, was aiming
FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier (Reuters) – Defense contractor Lockheed Martin Corp (LMT.N) said on Friday it plans to increase the workforce at its Milwaukee facility by more than 15% this year. The
, NEW YORK (Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner. Ford President and CEO Jim Hackett (R) and Volkswagen AG CEO
SHANGHAI (Reuters) – Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside
NEW YORK (Reuters) – Oil prices steadied on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut nearly a third of their output in the Gulf of Mexico ahead of what could be one of the first
(Reuters) – Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed’s June policy meeting released on Wednesday showed. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in
CHICAGO (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N) for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. Water stands next to a field of crops near Putnam County, Illinois, U.S. July
WASHINGTON (Reuters) – The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers’ gut instincts about where the economy was heading. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting
ZURICH (Reuters) – ABB (ABBN.S) is pressing ahead with a review of its underperforming businesses and expects a customer slowdown and China-U.S. trade tensions to mean a turbulent year, its Chairman and interim Chief Executive Peter Voser told Reuters. FILE PHOTO: Chairman Peter Voser of Swiss power technology and automation group ABB addresses the company’s
TOKYO/HONG KONG (Reuters) – Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc’s overnight slump. FILE PHOTO: Passerbys walk past
STOCKHOLM (Reuters) – Growing numbers of young people whizzing around Europe’s big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing start-up VOI they offer a path to positive cashflow. Electric scooters from Swedish startup VOI and Belin-based Tier sit parked side-by-side in Stockholm, Sweden July 7,
SYDNEY/HONG KONG (Reuters) – Whole teams in Deutsche Bank’s (DBKGn.DE) Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis. FILE PHOTO: A Deutsche Bank logo adorns a wall at