Kroger inks Ocado grocery delivery deal to battle Amazon threat
LONDON/LOS ANGELES (Reuters) – U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to build and deliver from robot-staffed warehouses, upping the ante in Kroger’s battle with Amazon.com Inc and sending Ocado shares rocket…
Delaware judge rules for Redstone family in CBS dispute
WILMINGTON, Del (Reuters) – A Delaware judge said on Thursday he would not block Shari Redstone from exerting control over the board of CBS Corp , which was considering stripping her voting power in defiance of her push to merge the media company with …
Oil surge spurs Wall Street turnaround, sends Russell 2000 to record
(Reuters) – Energy and industrial stocks led Wall Street higher on Thursday and the small-cap Russell 2000 hit a record, even as a rise in U.S. bond yields to fresh seven-year highs suggested more competition for equities and investors fretted over geo…
Mexico says no date set for next NAFTA ministerial meeting
MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday that there is no date set for the next North American Free Trade Agreement (NAFTA) ministerial meeting, but added that his technical negotiating team was in Washingto…
U.S. labor market tightening; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Walmart’s first quarter margins under pressure, e-commerce rebounds
NEW YORK (Reuters) – Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected.
U.S. gunmaker Remington emerges from bankruptcy
(Reuters) – Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, has emerged from Chapter 11 bankruptcy after completing a debt-cutting deal with creditors, the company said on Thursday.
Wall Street turns positive as oil powers energy stocks
(Reuters) – U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit $80 per barrel for the first time since November 2014.
Wells Fargo employees altered business customers’ information: WSJ
(Reuters) – Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.
Ocado shares soar on major deal with Kroger to enter the U.S.
LONDON (Reuters) – Britain’s online supermarket Ocado clinched a game-changing deal with Kroger as its exclusive partner in the U.S., securing its entry into the world’s biggest market and sending its shares soaring more than 50 percent on Thursday.
