Wal-Mart sees 40 percent online sales growth next year Wal-Mart Stores Inc (WMT.N) on Tuesday forecast a 40 percent rise in U.S. online sales next year as it ramps up competition with Amazon.com Inc (AMZN.O), boosting shares of world’s biggest brick-and-mortar retailer to the highest in more than two years. […]
Honeywell seeks M&A as it keeps aero spins off two units Honeywell seeks M&A as it keeps aero spins off two units: Honeywell International Inc said Tuesday it will pare its focus to four business lines, including aerospace, and spin off two businesses with $7.5 billion in revenue to help […]
Honeywell spins off units worth $7.5 billion in sales keeps aerospace Honeywell spins off units worth $7.5 billion in sales keeps aerospace, U.S. manufacturer Honeywell International Inc will spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by the end of 2018, […]
Procter & Gamble foresees proxy war victory Peltz refuses to concede Procter & Gamble foresees proxy war victory Peltz refuses to concede: Procter & Gamble Co (PG.N) said on Tuesday activist hedge fund manager Nelson Peltz lost his fight to win a seat on the company’s board, according to a […]
Peltz’s Procter & Gamble defeat could be more humbling than harmful Peltz’s Procter & Gamble defeat could be more humbling than harmful: Nelson Peltz put his activist hedge fund credentials on the line to win a board seat at Procter & Gamble Co, only to be narrowly defeated, according to […]
Storms impact U.S. job market trade expected to bolster economy Storms impact U.S. job market trade expected to bolster economy: The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to […]
Awaiting better days multinationals keep Venezuela units alive Awaiting better days, multinationals keep Venezuela units alive: Venezuelan auto worker Celso Nunez spends his days moonlighting as a mover and trading salvaged building materials in his worn-out red pick-up. His employer, Ford Motor Co (F.N), does not mind. In fact, it […]
Wall Street moves to Frankfurt as Brexit doubts grow Wall Street moves to Frankfurt as Brexit doubts grow: Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left London’s […]
Panel finds U.S. washing machine makers hurt by LG, Samsung imports Panel finds U.S. washing machine makers hurt by LG, Samsung imports: The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties […]
New U.S. rule on payday loans to hurt industry New U.S. rule on payday loans to hurt industry, boost banks: Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders’ ability to profit from high-interest, short-term loans, and much of the business could […]
