U.S. top court lets states force online retailers to collect sales tax
WASHINGTON (Reuters) – States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-a…
Activist investor Land & Buildings resumes criticism of Hudson’s Bay
TORONTO (Reuters) – Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson’s Bay Co , urging it to correct its underperformance and extract value from its substantial real estate holdings.
Wall Street falls as Amazon weighs, trade worries linger
(Reuters) – U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.
Trade pressures deepen as Daimler warns on sales
BRUSSELS/FRANKFURT (Reuters) – Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States….
Dow drops at open, technology stocks boost Nasdaq
(Reuters) – The Dow Jones Industrial Average opened lower on Thursday, as concerns over an ongoing trade spat between the United States and China lingered, while strong results from Micron and gains in large-cap technology stocks buoyed the S&P 500 and Nasdaq.
Intel CEO resigns after probe into relationship with employee
(Reuters) – Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found his consensual relationship with an employee violated company policy.
Kroger profit beats as online investments pay off, shares soar
(Reuters) – Kroger Co on Thursday raised the lower-end of its full-year earnings forecast and posted better-than-expected quarterly profit, as investments in online and delivery services paid off, sending its shares up nearly 8 percent.
U.S. jobless claims fall; mid-Atlantic manufacturing slows
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
Investor Odey says Sky could be worth as much as 50 billion pounds
LONDON (Reuters) – Top-20 Sky investor Crispin Odey said he expects the bidding war for the media company to carry on over the summer and that the European broadcaster could be worth as much as 50 billion pounds ($65.5 billion).
Kroger tightens 2018 profit forecast, shares soar
(Reuters) – Kroger Co on Thursday tightened its profit forecast for the full year as the grocer’s investments in delivery and online services helped it better compete with Walmart Inc and Amazon.com Inc’s Whole Foods.
