New York Times Macy's to Close 100 Stores as E-Rivals and Discounting Hit Legacy RetailersNew York Times“We're getting out in front of this,” said Terry Lundgren, chief executive of the country's largest department store chain, on closing 10 percent of Macy's stores. By CNBC on Publish Date August 11, 2016. Photo by CNBC. Watch in […]
Fortune Hewlett Packard Enterprise Just Spent Millions on This Supercomputer MakerFortuneIt's all about the data. Hewlett Packard Enterprise isn't slimming today. The business technology giant said Thursday that it will buy computing hardware maker SGI for roughly $275 million. HPE said the deal should close in the first quarter of its …HPE aims for big-data […]
Wall Street Journal Stocks Hit New Highs, and That Could Be Just the StartWall Street JournalA troika of stock indexes hit records in tandem for the first time since 1999. The question is whether the party is just getting started. On Thursday, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all […]
Philly.com Will Jet.com Be Enough to Move the Needle for Wal-Mart Stores Inc?Motley FoolFor the largest retailer on the planet, even this multi-billion dollar acquisition might not be enough to restore momentum to the company's e-commerce strategy. Motley Fool Staff. (the_motley_fool). Aug 11, 2016 at 5:32PM. Walmart (NYSE:WMT) shocked …Healthy Consumer Spending Is No Comfort […]
Wall Street Journal EU Opens Antitrust Probe on Dow Chemical, DuPont MergerWall Street JournalBRUSSELS—The European Union's antitrust authority opened a full-blown investigation into the proposed merger of Dow Chemical Co. DOW 0.36 % and DuPont Co. DD 0.42 % , which could require the companies to make bigger concessions to clear their …DowDuPont Deal Faces In-Depth […]
Firstpost China City Suspends Search for Nuclear Fuel FacilityNew York TimesBEIJING — A city in eastern China city has suspended preliminary work on selecting a site for a nuclear fuel reprocessing facility following days of protests by area residents. A one sentence notice posted Wednesday on the website of the Lianyungang …China halts work on […]
Wall Street Journal Asian Shares Mixed as Stronger Yen Caps Gains in NikkeiWall Street JournalStocks in Asia were mixed on Wednesday, in a largely muted reaction to a record high in U.S. stocks, while a stronger yen capped gains in Japan's Nikkei Stock Average. The Nikkei rose 0.3% in afternoon trade, reversing from earlier declines […]
Wall Street Journal Yelp Inc: YELP Stock Catches Fire With Surprise Q2 ProfitNasdaqYelp Inc (NYSE: YELP ) had a quarter to remember, proving that social networking has not yet passed its sell-by date … and sending YELP stock up by double-digits in Tuesday's after-market trading. yelpmsn Source: Linny Heng via Flickr. For the three …Yelp Raises […]
Fortune Elon Musk Says SolarCity Will Sell a Roof Integrated With Solar PanelsFortune“It's not a thing on the roof, it's the roof,” says Musk. Solar installer SolarCity, which is in the process of being acquired by electric car maker Tesla, plans to develop and sell a roof integrated with solar panels. Currently the company installs […]
Wall Street Journal Disney Makes Bet on Baseball StreamingWall Street JournalOne year after its shares began a 12% slide driven by concerns over ESPN's growth trajectory, Walt Disney Co. DIS 0.96 % has come up with an answer for Wall Street: The media giant said Tuesday it will spend $1 billion to acquire a 33% […]