Business

Retailers Blend Stores, E-Commerce To Snag Holiday Stragglers

Retailers are trying new ways to win over Christmas procrastinators. Brick-and-mortar chains seeking ways to improve this season's soft sales made it easier for last-minute consumers to finish their shopping on Christmas Eve. More customers this year will be able...

Carrefour Seen Eyeing Brazil Listing To Help Fund Expansion

The appointment of a financial and IPO expert to head its Brazilian operations signals Carrefour (CARR.PA) may list a stake in that business, as Europe's largest retailer looks to accelerate growth in a key market without adding to its...

Tiffany & Co Ordered To Pay Swatch Over Failed Venture

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The Tiffany & Co jewellery chain has been ordered to pay Swatch Group $448m (£274m) over a failed joint venture. The chain said it was "shocked and extremely disappointed" with the decision and cut its full year earnings on the...

Analysis: In Banking Reform, Europe Zig-Zags But Still Moves Forward

The European Union does not draw straight lines. Last week's tortuous agreement on a common system for shutting failed banks exemplifies the awkward, often unstable compromises by which Europe advances. Banking union is the biggest leap forward in EU integration since...

In Wake Of Budget Deal, Congress Slices Up Trillion-Dollar Pie

As Washington empties out for the holidays, a final budget fight will play out in the nearly empty Capitol building as congressional staffers parcel out more than $1 trillion to fund everything from cybersecurity to student loans. Unlike the knock-down...

Apple, China Mobile Sign Long-Awaited Deal To Sell Iphones

Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world's biggest network of mobile phone users. In a deal that could add billions of dollars to its revenue, Apple said its...

IMF Says Will Raise U.S. Economic Growth Forecast

The International Monetary Fund predicts the U.S. economy would expand at a faster pace next year, given positive economic data and some signs of compromise in Congress, the head of the Washington-based lender said on Sunday. IMF Managing Director Christine...

A Sweet Asian Fruit Tempts The Troubled Soft Drink Industry

An obscure melon once cultivated by Buddhist monks in China to sweeten tea could give the $8 billion U.S. diet soda industry a shot at winning back consumers concerned about artificial ingredients. You won't find monk fruit in any of...

With Fed Out Of The Way, What’s Next On Wall Street?

With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really. The "Santa Claus rally" is a seasonal anomaly...

Pressure Builds As Retailers Near The Holiday Finish Line

After buying and remodeling a home, Karin Gilles and her husband, Dave Muilenburg, are not splurging on holiday gifts this year - no matter how drastically retailers slash prices to lift sales in a shopping season that peaks this...