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Business News

Location American Business News for 6 December 2018

Victoria's Secret gets ready for a makeover

The Economist - 6 Dec 2018 17:42
Victoria's Secret gets ready for a makeover SEX SELLS, and it sells few things better than lingerie. Nowhere is that more evident than the Victoria's Secret fashion show. Befeathered models, known as "angels", shimmy down a runway to promote America's biggest unde...
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How to redesign cities to fight loneliness

Fast Company - 6 Dec 2018 08:00
How to redesign cities to fight loneliness Here’s a long list of simple and smart ideas to create more connections in city life. Do you feel lonely? If you do, you are not alone. While you may think it’s a personal mental health issue, the collective social i...
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China's private sector faces an advance by the state

The Economist - 6 Dec 2018 17:42
China's private sector faces an advance by the state AN OLD AFFLICTION is settling on China's entrepreneurial class. It manifests itself in a cold sweat just at the mention of state-owned enterprises (SOEs), and a gnawing sensation that it is out of favour with the Communi...
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Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude pr...
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NFL great Steve Young's firm settles fraud suit for $100M A buyout firm that was co-founded by Pro Football Hall of Fame quarterback Steve Young has settled a high-profile lawsuit that accused it of a massive fraud cover-up, The Post has learned. The truce -- which settles alle...
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Will Opec defy Trump's call for low oil prices? Oil prices recently hit 12-month lows. Opec wants to raise them, President Trump wants them lowered.
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China tech exec faces U.S. extradition after arrest in Canada The Wall Street Journal reported earlier this year that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.
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Huawei executive arrested in Canada

BBC - 6 Dec 2018 01:03
Huawei executive arrested in Canada The US is seeking to extradite the firm's chief financial officer, Canadian authorities say.
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Saks Fifth Ave. posts strongest quarterly sales gain since 2013 Well-heeled shoppers are hoofing it to Saks Fifth Avenue. The luxury department-store chain on Wednesday reported a 7.3 percent gain in its quarterly comparable sales -- its strongest growth since the retailer was bought...
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RH, which reported earnings that beat expectations, says it takes inspiration from three notable names: LVMH, Apple and Berkshire Hathaway.
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Splits deepen as UN climate talks near crunch time

Miami Herald - 6 Dec 2018 17:04
Splits are deepening at the U.N. climate talks between rich and poor countries, oil exporters and vulnerable island nations, and those governments prepared for radical action on climate change versus …
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Add Patrick Corbin to the All-Star starting staff the Washington Nationals have assembled. A person familiar with the deal said the left-handed Corbin has agreed to a six-year contract with …
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Automated routing and dispatch software company Wise Systems has raised $7 million, with Google's Gradient Ventures leading the round.
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How the Arrest of a High-Profile Huawei Executive Could Upend President Trump's Truce with China China promptly reacted with outrage after the news broke
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Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two ec...
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The U.S. Justice Department goes before an appeals court on Thursday to urge a three-judge panel to overturn a lower court ruling and order wireless carrier AT&T Inc to undo its $85.4 billion purchase of entertainment co...
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Deutsche Bank will not raise provisions in connection with an investigation into separate money laundering investigations related to the Panama Papers and Danske Bank , a source with direct knowledge of the matter said.
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Eddie Lampert offers $4.6 billion to buy Sears out of bankruptcy Sears Holdings Chairman Eddie Lampert's ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday. Sears, which had filed for bankruptcy protection on Oct. 15, faces a...
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Dow Jones industrial average suffers steep drop at open amid trade fears, oil price worries The Dow Jones Industrial Average is setting up for another down day as investor angst about U.S.-China relations and low oil prices weigh on sentiment        
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Sears chairman Eddie Lampert offers to buy Sears out of bankruptcy, including 500 stores The chairman and largest investor in Sears Holdings is offering to buy the retailer out of bankruptcy, including 500 of its remaining stores.        
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Walgreens Boots Alliance said on Thursday it would partner with FedEx Corp to launch a next-day delivery service for prescription drugs nationwide, giving it a leg up as Amazon threatens to shake-up the sector.
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Walgreens expands prescription delivery program nationwide Walgreens is joining drugstore competitor CVS Health in expanding home deliveries for prescriptions nationwide, as stores continue adjusting to a retail world being made more customer-friendly by online competition
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