Bitcoin for payments a distant dream as usage dries up
The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
Lowe’s to get rid of Mexico stores in further streamlining
Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.
Kohl’s tops same-store sales estimates, raises forecast
Department store operator Kohl’s Corp raised its full-year profit forecast and posted better-than-expected quarterly same-store sales on Tuesday, as it moved trendier fashion to stores quicker and bolstered its online business.
Futures drop as Apple-led tech slide deepens
U.S. stock futures dropped by up to 1 percent on Tuesday as a technology rout in the previous session sparked by concerns over iPhone sales sapped investors’ appetite for high-growth companies.
Target third-quarter comparable sales, earnings miss estimates; shares drop
Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.
Japan’s Mitsubishi CEO says tough to manage car alliance without Ghosn
The Renault, Nissan and Mitsubishi car alliance may be hard to manage without the unifying figure of chairman Carlos Ghosn, who is police custody in Japan facing financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko said on Tuesday.
Lebanese foreign ministry: will stand by Carlos Ghosn
Lebanon’s foreign ministry said on Tuesday it would stand by Nissan and Renault boss Carlos Ghosn, who is of Lebanese descent and holds Lebanese citizenship, a day after his arrest in Japan on financial misconduct allegations.
Google invests $700 million in Danish data center, secures green energy
Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power-
CVS expects Aetna deal to close after Thanksgiving
CVS Health Corp said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc after the Thanksgiving holiday.
Japan’s Mitsubishi CEO says tough to manage automotive alliance without Ghosn
The alliance of carmakers Renault, Nissan and Mitsubishi will be difficult to manage without chairman Carlos Ghosn, who is facing financial misconduct allegations in Japan, Mitsubishi Motors Chief Executive Osamu Masuko said on Tuesday.
