Department Stores (TRBC)

J.C. Penney’s survival hinges on urgent sale negotiations

J.C. Penney’s survival hinges on urgent sale negotiations

Published 03/08/2020

NEW YORK (Reuters) - The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days [more…]

Global prospects dim for China’s tech champions as great powers clash

Global prospects dim for China’s tech champions as great powers clash

Published 27/07/2020

SHANGHAI/BEIJING (Reuters) - Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where [more…]

Alibaba’s Jack Ma sells $8.2 billion worth shares, stake dips to 4.8%: filing

Alibaba’s Jack Ma sells $8.2 billion worth shares, stake dips to 4.8%: filing

Published 13/07/2020

SHANGHAI (Reuters) - Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, [more…]

Wall Street faces danger signs after best quarter since ’98

Wall Street faces danger signs after best quarter since ’98

Published 30/06/2020

(Reuters) - A stock rebound marked by Wall Street’s strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in [more…]

Reddit bans ‘The_Donald’ forum amid broad social media crackdown

Reddit bans ‘The_Donald’ forum amid broad social media crackdown

Published 30/06/2020

(Reuters) - Social media site Reddit on Monday shut down r/The_Donald, a forum which long served as a popular online home base for fans of [more…]

Amazon CEO Bezos willing to testify before U.S. Congress: letter

Amazon CEO Bezos willing to testify before U.S. Congress: letter

Published 15/06/2020

WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law [more…]

Amazon says CEO Bezos willing to testify before Congress: NYT

Amazon says CEO Bezos willing to testify before Congress: NYT

Published 15/06/2020

(Reuters) - Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech [more…]

Walmart partners with Shopify to expand online marketplace business

Walmart partners with Shopify to expand online marketplace business

Published 15/06/2020

(Reuters) - Walmart Inc (WMT.N) has partnered with Canadian e-commerce firm Shopify Inc (SHOP.TO) (SHOP.N), as the world’s biggest brick-and-mortar retailer ramps up its efforts [more…]

Alibaba says cloud unit to recruit 5,000 staff globally this financial year

Alibaba says cloud unit to recruit 5,000 staff globally this financial year

Published 09/06/2020

SHANGHAI (Reuters) - Alibaba Group said its cloud unit aims to recruit 5,000 staff globally from now until the end of this financial year, in [more…]

Japan may free more regions from emergency as new virus cases drop: Asahi

Japan may free more regions from emergency as new virus cases drop: Asahi

Published 19/05/2020

TOKYO (Reuters) - Japan may lift its state of emergency in more regions this week as new coronavirus infections drop, the Asahi newspaper said on [more…]