Wal-Mart's online sales jump 29% as it works to make inroads against Amazon
The nation's largest retailer keeps working to make headway against the largest online seller.Wal-Mart Stores Inc. drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That's an indication that its efforts to lower prices and improve Web services are helping it compete better against Amazon.com Inc., which has built fierce loyalty with its Prime two-day shipping program. Li..>> view originalMacy's Profit Falls Nearly 13 Percent as Sales Drop
Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent. Feb. 21, 2017, at 4:42 p.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. Macy's Profit Falls Nearly ...>> view originalMexico and Canada Say Nafta Should Be Re-Negotiated Trilaterally
The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with Donald Trump’s administration, stressing the North American Free Trade Agreement has benefited all three countries.Mexico’s Luis Videgaray and Canada’s Chrystia Freeland said Nafta should be re-negotiated with all three nations seated at the table, rather than in bilateral discussions.“We very much recognize that Nafta is a three-country agreement,” Freeland said Tuesday at a panel discussio..>> view originalOuttakes: Utah lawmakers cut off nose to spite face in public lands battles - Standard
When news came last week that Utah’s state legislators and governor had given the Big Kiss-Off to the Outdoor Retailer show, that old saying about cutting off your nose to spite your face came to mind. The Outdoor Retailer show basically takes over downtown Salt Lake City twice each year — for a week in the winter and another in the summer. The state estimates it pumps $40 million each year into hotels, restaurants, etc., between Ogden and Provo as thousands of retailers and manufacturers of sp..>> view originalAirbus profit hit by charge on A400M program
Airbus SE is again seeking to renegotiate the contract with governments buying its A400M military transport plane after the troubled program led to a 63% fall in profit last year. Chairman Denis Ranque and Chief Executive Tom Enders jointly sent a letter to the governments buying the A400M, including Germany, France and the U.K., asking them for changes in how the contract to develop and build the multibillion-dollar plane program is structured and managed. Mr. Enders called the program a "huge..>> view originalFannie Mae, Freddie Mac shares plunge after court's ruling
(AP Photo/Manuel Balce Ceneta, File) Fannie Mae and Freddie Mac shares plunged Tuesday after a federal appeals court denied legal claims by investors who were seeking to stop the U.S. government from seizing the profits of the mortgage giants. Fannie shares sank 35 percent to $2.71. Freddie shares tumbled 38 percent to $2.47. Hopes for reform of the government-sponsored enterprises had lifted shares of Fannie and Freddie following President Trump’s election. Shares of Fannie went from a low..>> view originalSwitzerland's ABB hit by $100 million South Korean fraud
A woman walks past the logo of Swiss power technology and automation group ABB in Zurich Thomson Reuters By John Revill ZURICH (Reuters) - Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million pre-tax charge. ABB Chief Executive Ulrich Spiesshofer described the alleged fraud as "shocking news" which he said could dent the power..>> view originalFEBRUARY 22nd - ALL EYES ON STANDING ROCK
Maybe you have heard. Water protectors at Oceti Sakowin camp at Standing Rock in North Dakota have been informed that they must vacate the camp by 12pm today February 22nd 2017 or they will be arrested. These details were circulated yesterday: •At midnight tonight the BIA (Bureau of Indian Affairs) check point will become an exit only blockade. •There will be a last call at 12:00 pm tomorrow, February 22nd for people who want to leave camp. •There will be a designated area by South gate to gat..>> view originalWells Fargo Fires Managers, Denies Bonuses in Account Probe
Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year.Shelley Freeman, the former Los Angeles regional president who went on to run consumer-credit solutions, was terminated, along with Arizona lead regional president Pam Conboy, former community bank risk chief Claudia Russ Anderson and Matthew Raphaelson, 55, who le..>> view originalIcahn buys Bristol-Myers shares, adding to activist pressure
A trader passes by a screen displaying the tickers symbols for Bristol-Myers Squibb and Intelsat, Ltd. on the floor at the New York Stock Exchange, April 25, 2013. REUTERS/Brendan McDermid/File Photo ...>> view original
Monday, March 27, 2017
Wal-Mart's online sales jump 29% as it works to make inroads against Amazon and other top stories.
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