Wal-Mart goes ‘deep’ on holiday inventory in bid to boost sales
SECAUCUS, New Jersey (Reuters) – Wal-Mart Stores Inc says it significantly boosted its holiday inventory for electronics, toys and other potentially popular products, betting that the promise of being in-stock will attract customers during this crucial…
Toshiba lawsuit highlights Japan governance reform still lacking: lawyers
TOKYO (Reuters) – Toshiba Corp’s lawsuit against former executives linked to a $1.3 billion accounting scandal is a defensive maneuver that highlights a lack of sincere reform, lawyers and corporate governance experts said.
Facebook reports spike in government requests for data
SAN FRANCISCO/BANGALORE (Reuters) – Facebook Inc said in a report on Wednesday that government demands for its user data surged in the first half of 2015, taking a trend that began at least two years ago when the company started revealing such requests…
Valeant, Ackman must face U.S. insider trading lawsuit
(Reuters) – A U.S. judge said Valeant Pharmaceuticals International Inc and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Boto…
Blackstone to take minority stake in NCR Corp: source
(Reuters) – Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday.
Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion
BEIJING (Reuters) – Alibaba Group Holding Ltd’s total value of goods transacted during its Singles’ Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday.
China warns WTO its cheap exports will soon be harder to resist
GENEVA (Reuters) – China has served notice to World Trade Organization members including the European Union and United States that complaints about its cheap exports will need to meet a higher standard from December 2016, a Beijing envoy said at a WTO …
Apple in talks with U.S. banks for person-to-person payment service: WSJ
(Reuters) – Apple Inc is in talks with U.S. banks to develop a person-to-person mobile payment service, the Wall Street Journal reported.
Blackstone to take minority stake in NCR Corp: source
(Reuters) – Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday.
Macy’s cuts full-year forecast, sends shivers through retail
(Reuters) – Warm weather, low spending by tourists and a pileup of unsold inventory prompted Macy’s Inc to cut its full-year forecast on Wednesday, raising wide concerns about the retail sector’s financial health.
