Markets

Lord & Taylor to close famed flagship store on Fifth Avenue in NYC

HBC has not been pleased with its off-price shopping segments, said CEO Helena Foulkes . This customer-focused mindset will dictate how we think about key func...


Conservative icon David Koch leaving business, politics

Billionaire conservative icon David Koch is stepping down from the Koch brothers' community of enterprise and political actions. According to Forbes Magaz...


ANZ To Face Criminal Proceedings For Trading Its Own Shares

Apart from Mr Moscati and Mr Roberts, those charged include Citigroup's current managing director John McLean and global head of foreign exchange trading Itay T...


Rats caught running through bag of buns at Burger King in Delaware

However, not many of those who saw the Facebook video of rats making their way into a pack of burger rolls are likely to return to the restaurant ever again. ...


Chinese firm ZTE reaches preliminary agreement with United States to restore business

The Commerce Department plans to amend the agreement to count part of ZTE's previous fine from a year ago ($360 million) as part of the total penalties. ZTE dec...


ZTE reportedly signs deal that would end export ban

Reuters says that the deal will include ZTE paying a $1 billion fine for violating U.S. sanctions, as well as putting additional funds in escrow in case of any...


Bayer to raise $30 billion in share, bond sales for Monsanto

Under U.S. antitrust regulations, the formal integration of Monsanto into the corporate structure of Bayer could only commence once the Bayer-BASF deal was comp...


Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow

The meeting with Trudeau could be particularly frosty, given Trump's recent sharp criticism of Canada's trade policies and the anger in Ottawa over Washingt...


Monetary policy: RBI hikes repo rate by 25 basis points to 6.25%

Domestic factors which will hurt inflation will include house rent allowance revision by state governments, surge in minimum support prices and also impact of t...


US said to ask OPEC for 1-MMbpd output hike

Benchmark Brent oil futures dropped as much as 1.5 percent to $74.16 a barrel in London trading after the United States request was reported. "The gains are...


IHOP announces name change

Some commenters said the IHOP name change is a hoax or probably just a publicity stunt. From breakfast and bacon to brunch, burritos, and biscuits, the option...


United Kingdom clears Murdoch's bid for Sky if it sells Sky News

Comcast has offered to pay £12.50 ($16.70) per share for Sky ( SKYAY ), topping Fox's (FOX) bid of £10.75 ($14.40). The Culture Secretary has told 21st Cen...


Genealogy site MyHeritage says 92 million user accounts compromised

It is unclear if the breach is the result of a hacker attack or because of a malicious employee selling the company's data. The breach was discovered by a se...


Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman

Moments after the vote, Musk - who appeared emotional as his voice quivered - said that the company has experienced "the most excruciating hellish several month...


Trump Wants Bilateral Deal With Ottawa Instead of NAFTA - White House

They say the group has been known to harbor ideological differences on major economic issues and the meeting adjourned without any clear resolution to the matte...


Women can't run airlines, says gaffe-prone Qatar Airways chief

The comments reportedly drew groans and gasps from those present, and Mr Baker later appeared to try to clarify his comments. Big companies have been forced...


Drivers hit by biggest petrol price rise for 18 years

Recent cut in fuel rates in India have come in the backdrop of continuous fall in global oil prices over the week. The RAC said a "punitive combination" of hi...


Hail storm shatters American Airlines plane, prompts emergency landing

An airline spokesman said Monday that the plane was awaiting repairs for damage to the nose, windshield panels and a cockpit side window. Esparaza said pass...


Google Won't Renew AI Project With Pentagon

Tech publication Gizmodo first reported that Google Cloud chief executive Diane Greene told employees last week Google's role in the program would end. Ma...


Mexico to impose tariffs on U.S. goods

The backlash from the tariffs dominated the meeting of G7 finance ministers in Canada's Whistler resort over the weekend, with Bruno Le Maire, French foreign mi...


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