Nordstrom delaying Rack store openings in Canada until 2017
(Reuters) – Nordstrom Inc JWN.N is postponing the opening of its discount Rack stores in Canada until 2017, to focus on the launch of its full-line department stores there, its first department stores abroad. The Seattle-based upscale retailer had init…
Germany’s BMW to make X7 crossover vehicles in South Carolina: sources
(Reuters) – German luxury carmaker BMW will soon announce plans to build its X7, a large crossover vehicle with three rows of seats, in South Carolina where its plant will undergo an upgrade costing several hundred million dollars, sources said on Frid…
U.S. appeals court upholds Fed’s debit card ‘swipe fee’ limits
WASHINGTON (Reuters) – A U.S. appeals court upheld the Federal Reserve’s controversial rules for debit card “swipe fees” on Friday, reversing a lower court’s decision to throw them out after merchants argued the charges were too high.
Darden CEO rebuffs plan to put Red Lobster sale to vote
(Reuters) – Darden Restaurants Inc , under scrutiny from two activist investors over a plan to sell or spin off its Red Lobster chain, on Friday resisted pressure put the divestiture of the struggling seafood restaurants to a shareholder vote.
Tiffany gives cautious 2014 forecast
(Reuters) – Tiffany & Co struck a cautious note on Friday about 2014, giving a profit forecast that was below estimates despite its projection that net worldwide sales would rise by a high-single digit percentage this year.
BlackBerry reaches deal to sell most of its real estate in Canada
TORONTO (Reuters) – BlackBerry Ltd said on Friday it has reached an agreement to sell the vast majority of its real estate holdings in Canada, as part of a plan outlined earlier this year aimed at bolstering the technology company’s balance sheet.
Sidelined investors behind remarkable market calm
LONDON (Reuters) – The remarkable calm in global financial markets in the face of tensions over Crimea and the prospect of an early U.S. rate hike may reflect investors’ lack of appetite for deploying their cash, rather than their complacency.
Pilots at Germany’s Lufthansa vote for strike
FRANKFURT (Reuters) – German airline Lufthansa is facing more strike woes after pilots voted to bolster their demands for better pay and working conditions with industrial action.
Tesco confirms joint venture with Tata in India
LONDON (Reuters) – Britain’s Tesco has sealed a joint venture agreement with a unit of India’s Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country’s $500 billion pounds retail sector.
Temasek agrees to buy stake in beauty retailer A.S.Watson for $5.7 billion
HONG KONG (Reuters) – Singapore state investor Temasek Holdings has agreed to buy almost a quarter of health and beauty retailer A.S. Watson for about $5.7 billion in what would be its single biggest investment and one that would boost its exposure to …
