Walmart Inc. posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending despite...
Federal air-safety regulators are investigating Southwest Airlines Co. for widespread miscalculation of the total weight of checked bags loaded onto each of its flights. Andy Pasztor of The Wall Street Journal had the news: The Federal Aviation Administration’s...
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the...
German prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened a probe into a possible violation of securities trading rules, reports Arno Schuetze of Reuters. Schuetze reports, “The Financial...
Amazon.com Inc. abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by...
Cisco Systems shares rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that beat analysts’ estimates. Jordan Novet of CNBC.com had the news: Here are the key numbers...
Vivek Wadhwa writes for MarketWatch.com about why corporate executives should talk to the business news media. Wadhwa writes, “In my first company, Seer Technologies, where I was chief technology officer, we shied away from...
Apple’s upcoming Spotify-style magazine subscription service, an offering with all-you-can eat access to dozens of publishers, will only pay the media partners 50 percent of the revenue. Garett Sloane of Ad Age had the news:...
Reddit Inc., the discussion forum known for its “ask me anything” online town halls with celebrities and politicians, was valued at $3 billion after a new financing round that brought in Chinese internet giant Tencent...
Former Sears CEO and hedge fund billionaire Eddie Lampert got his wish as a bankruptcy judge approved his $5.2 billion plan to save 425 stores and 45,000 jobs, keeping the iconic retailer alive, but many are still...
