New Look acquired by Christo Wiese’s Brait investment firm for £780m
New Look, a British global fashion retailer with a chain of high street stores, has been acquired by South African billionaire Christo Wiese through...
SABMiller buys Meantime in bid to tap into female and millennials market
Brewery giant SABMiller Plc is to acquire modern craft brewer Meantime Brewing Company, the London-based multinational announced on Friday, in a move to make beer...
Oil settles below $60 a barrel
U.S. benchmark oil settled below $60 a barrel on Thursday - the first time in three sessions - as ample global supplies and indications...
Nordstrom first quarter profit misses estimates, same-store sales up
Nordstrom posted first quarter net income of $128 million, or $0.66 per share, down from $140 million, or $0.72 per share, in the first...
Starbucks puts to rest rumors of a security breach
Customers using the Starbucks payment app on their mobiles are reportedly being hacked, but the Seattle-based firm was quick to put rumors of a security...
GM investing $1 billion in its Warren Technical Center
General Motors Co. announced that it will be investing $1 billion to upgrade and renovate its Warren Technical Center near Detroit.
The automotive giant plans...
Ex-Goldman Sachs Banker Jim O’Neill, who coined term BRIC, becomes Treasury Minister
The man who coined the term BRIC (Brazil, Russia, India, China) to describe the world’s major emerging markets that will one day dominate the...
Bombardier slashing 1,750 jobs as business jet demand slumps
Canadian multinational aerospace and transportation company Bombardier Inc. announced on Thursday that it planned to reduce its workforce by 1,750 in its business jet...
U.S. producer prices dropped in April
There was a drop in U.S. producer prices in April, according to a Labor Department report released on Thursday.
The news is another sign of...
First Choice and Thomson travel brands dropped as Tui revamps its business
Hannover-based German multinational and tourism company TUI Group says it is dropping the British travel brand names First Choice and Thomson as it revamps...