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Updated: 2 hours 25 min ago

Going-Out-of-Business Sales Don't Always Mean Stores Are Closing

5 hours 27 min ago
Sometimes liquidation sales can be effective negotiation tools. Of 17 retailers with more than 100 stores each that filed for bankruptcy in 2017, only Limited Stores, Wet Seal, Vanity Shop and Hhgregg closed their entire fleet of stores for good.
Categories: Business News

Nestlé Sells Butterfinger and BabyRuth Unit to Italian Candy Maker

5 hours 28 min ago
Ferrero International, the Italian confectionery maker, muscled further into the North America market, agreeing to pay $2.8 billion in cash to buy Nestlé’s U.S. chocolate business that includes the Butterfinger and Baby Ruth brands.
Categories: Business News

Want to Break up Facebook and the Tech Giants? Here's the Argument

5 hours 29 min ago
Facebook, Google, Amazon and Apple dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow test: Are consumers worse off?
Categories: Business News

A Slowdown Is in Store forthe Self-Storage Business

5 hours 37 min ago
For most of the current economic expansion, the self-storage sector has been beating all other major commercial property types in earnings growth and stock performance. But growth is slowing as markets get flooded with new supply.
Categories: Business News

The Last Place on Earth Where Everyone Still Loves Kmart

7 hours 9 min ago
The Guam location, by far the chain’s busiest store, is protected by an expanse of ocean from the rapidly changing consumer market, prospering in a kind of retail Galapagos.
Categories: Business News

GM to Take $7 Billion Charge for U.S. Tax Overhaul

9 hours 18 min ago
General Motors said 2017 pretax profit last year ended up at the high end of its previous forecast, but disclosed it will take a $7 billion write-down on deferred-tax assets stemming from the sweeping tax-overhaul bill passed last month.
Categories: Business News

Chevron Returns to Iraqi Kurdistan's Oil Fields

9 hours 55 min ago
Chevron is resuming drilling in Iraqi Kurdistan and taking steps to send staff there again, a sign that tensions between Baghdad and the Kurdistan Regional Government are easing.
Categories: Business News

Ericsson, Humbled by Huawei, Takes Another $1.8 Billion in Charges

11 hours 57 min ago
Ericsson said it is writing down $1.77 billion in assets, the latest in a series of charges at the Swedish telecoms-equipment maker as it retools itself to better compete with nimbler Chinese manufacturers.
Categories: Business News

GE to Take Massive Charge to Shore Up Insurance Reserves

12 hours 38 sec ago
General Electric said it would book a $6.2 billion charge in its fourth quarter and will have to set aside $15 billion over seven years to bolster insurance reserves at its GE Capital unit, surprising investors with deeper than expected problems in a business many thought the company had left behind.
Categories: Business News

You're Stuck With Batteries---But New Tech Will Make Them Last Longer

12 hours 2 min ago
While batteries seem to be moving at a slower clip than other tech development, products and concepts on display at the annual CES trade show address some of our biggest power problems.
Categories: Business News

Under Trump, the Business World Notches a Net Success

12 hours 11 min ago
The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.
Categories: Business News

Google Heads Underwater to Boost Its Cloud Business

12 hours 33 min ago
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com Inc.
Categories: Business News

UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

12 hours 42 min ago
UnitedHealth’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased.
Categories: Business News

Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 Billion

13 hours 28 min ago
Energizer Holdings said Tuesday it will buy Spectrum Brands Holdings’s battery and portable lighting business for $2 billion in cash.
Categories: Business News

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

15 hours 11 min ago
BP said it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.
Categories: Business News

Fiat Chrysler CEO Rules Out Selling Brands or Splitting Up Company

Mon, 01/15/2018 - 22:50
CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company, cooling speculation but leaving the company’s long-term strategy unclear.
Categories: Business News

Airbus Boss Takes Aim at Trump's Trade Stance

Mon, 01/15/2018 - 21:20
Airbus SE Chief Executive Tom Enders has flatly accused the Trump administration of protectionism, while criticizing rival Boeing Co. for exploiting such sentiments.
Categories: Business News

Platinum, Clinging to its Status as a Top Precious Metal, Faces a Crisis

Mon, 01/15/2018 - 19:04
With industrial uses on the wane, producers are cutting jobs, selling assets and spending millions of dollars in advertising. Their Hail Mary is to entice a new generation of jewelry buyers to switch from gold.
Categories: Business News

Shell Bids a Long Goodbye to Middle Eastern Oil

Mon, 01/15/2018 - 17:45
Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a region it helped build into a petroleum powerhouse.
Categories: Business News

Greece's Parliament Votes on Another Bailout Reform Package

Mon, 01/15/2018 - 16:13
Greece’s parliament voted on dozens of fiscal, labor and energy reforms, as the government seeks to wrap up the current review of its bailout program, leaving just one inspection before the end of the country’s bailout regime after eight years.
Categories: Business News

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