Tag Archives: Business

Walmart’s holiday season ‘wasn’t as good as expected’

Walmart's holiday season 'wasn't as good as expected'

Sales at stores and websites open for at least one year — a key measure of the retailer’s health— increased only 1.9% during its final quarter of 2019. That included a 35% spike in online sales. Wall Street expected a stronger performance. “In the few weeks before Christmas, we experienced …

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Walmart (WMT) reports Q4 fiscal 2020 earnings

Walmart (WMT) reports Q4 fiscal 2020 earnings

Walmart earnings and revenue for the holiday quarter missed analysts’ estimates, as the retailer cited softness in toys and apparel during December. The company said earnings took a hit, in part, because of political unrest in Chile, where protests have caused disruption in Walmart stores in the region. Its profit …

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Holden brand killed off in Australia by General Motors

Holden sedans coming off the production line in a file photograph of a plant in Victoria, Australia.

The company announced Sunday that it would retire the Holden brand, which has existed in Australia for more than 160 years, by 2021. It will also shutter its sales, design and engineering operations in Australia and New Zealand. General Motors added that it will pull back elsewhere in Asia Pacific. …

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China reports 143 more deaths, 2,641 additional cases

China reports 143 more deaths, 2,641 additional cases

This is a live blog. Please check back for updates. All times below are in Beijing time. 8:05 am: China confirms 143 more deaths, 2,641 new cases China’s National Health Commission reported an additional 143 deaths nationwide, as well as 2,641 new confirmed cases as of Feb. 14. That tally includes …

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The biggest US mall owner Simon Property Group is doubling down on retail

The biggest US mall owner Simon Property Group is doubling down on retail

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Simon Property Group is on a buying spree as America’s mall operators grapple with declining foot traffic and some struggle to keep their doors open. The biggest mall owner in …

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I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?

I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?

Hello Catey, I am a 53-year-old woman who is looking to retire within the next 18 months. I currently have a home that is paid for, which I plan to use as a home base. Outside of that home, my assets are $150,000 in cash savings and $1.4 million in …

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China tries to get back to work; Hong Kong pledges $3.2 billion

China tries to get back to work; Hong Kong pledges $3.2 billion

This is a live blog. Please check back for updates. Total confirmed cases: More than 64,000Total deaths: At least 1,380 9:03 am: Virus risk to US is ‘very low,’ but that could change ‘rapidly,’ Azar says The American public’s risk of getting infected with the new coronavirus is “very low” …

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Apple quietly builds the business case for AR

Apple quietly builds the business case for AR

Apple has quietly introduced new AR features that should help the company push adoption of the technologies more into the mainstream, particularly for retailers, animation houses and educators – and you can access these using QuickLook. What Apple is doing Apple’s QuickLook supports 3D models which use the USDZ file format …

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Barclays CEO Jes Staley under investigation over links with Jeffrey Epstein

Rush Limbaugh speaks before US President Donald Trump takes the stage during the Turning Point USA Student Action Summit at the Palm Beach County Convention Center in West Palm Beach, Florida on December 21, 2019. (Photo by Nicholas Kamm/AFP/Getty Images)

“The relationship between Mr Staley and Mr Epstein was the subject of an enquiry from the Financial Conduct Authority to which the Company responded,” Barclays said. “The FCA … subsequently commenced an investigation, which is ongoing, into Mr Staley’s characterization to the company of his relationship with Mr Epstein and …

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Manchester City’s fury at FFP case ‘leaks’ laid bare in court documents | Football

Manchester City’s fierce hostility to Uefa’s investigation into the club’s alleged breaches of financial fair play regulations has been laid bare in court documents, which show City sought financial damages from Uefa for alleged leaks of the process to the media. The furious case mounted by City is detailed in …

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