Oct 10, 2018 1:50
Sears is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low.
Oct 10, 2018 1:43
Strong earnings from Louis Vuitton parent LVMH are raising hopes for the luxury goods sector, especially as they suggest Chinese shoppers are once again spending on high-end goods.
Oct 9, 2018 1:59
Amazon software engineers uncovered a big problem: their new recruiting engine did not like women. Reuters' Jeffrey Dastin explains.
Oct 9, 2018 1:35
Bill Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks as he sees a chance for the world’s biggest coffee chain to reignite growth even as it struggles with stagnant sales in its home market.
Oct 9, 2018 1:22
The IMF says trade wars could be about to put the chill on global growth.
Oct 9, 2018 1:53
A hot summer and weak pound means boom time for British wine, with production and exports soaring. And the industry is confident Brexit won't end the boom.
Oct 8, 2018 0:35
Walmart is partnering with Metro Goldwyn Mayer to create content for its Vudu video-on-demand service.
Oct 8, 2018 1:49
Swiss bank UBS faced a $780 million settlement in the United States over accusations it helped customers evade taxes. Now France is pursuing similar charges and an ex-employee turned whistleblower has followed them there.
Oct 8, 2018 1:41
IBM says French supermarket Carrefour is using its blockchain technology to track produce from farm to shop shelf.
Oct 5, 2018 2:12
The renegotiated IMF deal helped support the peso this week, but it remains 51% weaker where it started against the dollar at the beginning of the year.
Oct 5, 2018 1:38
The closely-watched unemployment rate dropped to a 49-year low of 3.7 percent in September; the report showing an even tighter labor market amid a strong economy added to this week's brutal government debt sell-off.
Oct 5, 2018 2:07
Company insiders tell Reuters that Toyota is now considering making its premium Lexus cars in China. Lexus is considered a second-tier car on the mainland, lagging German rivals like BMW. But as Norihiko Shirouzu reports, Toyota may now have a chance to change that.