NEW YORK Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
NEW YORK CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office walls, has raised $100 million from three investors, including the Emirati developer of Dubai's Burj Khalifa, the world's tallest skyscraper.
LONDON The Bank of England warned on Wednesday that Britain's large current account deficit remained a big risk ahead of Brexit, and that a jump in sterling after parliament crushed Prime Minister Theresa May's Brexit plan should not give too much comfort.
WASHINGTON (Thomson Reuters Foundation) - From his office in downtown Washington, D.C., half a mile from the White House, architect Michael Wiencek can see something most people cannot: vacancies.
A six-year run of marketing spending growth at British companies ended in the final quarter of 2018 as uncertainty over Britain's impending exit from the European Union led companies to clamp down on costs, a survey showed on Wednesday.
NEW DELHI Indian Prime Minister Narendra Modi's ruling party is in favor of an expansionary economic policy and does not consider the government's plan to keep the fiscal deficit to 3.3 percent of GDP as "sacrosanct", a party spokesman told Reuters.
LONDON Britain's blue chip stocks were lower in early deals as the stronger pound pushed multinationals lower after Prime Minister Theresa May's deal to leave the European Union suffered an overwhelming defeat and weak results from Pearson weighed.
BANGKOK (Thomson Reuters Foundation) - Urban planners and authorities in fast expanding Asian cities are increasingly turning to unused land underneath bridges, flyovers and viaducts to create much-needed public spaces.
Chief Financial Officer Tim Stone will be leaving Snap Inc less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year.
NEW YORK Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to develop 1,300 U.S. units of Medici's Quarters brand of shared housing for young professionals.
Business News Headlines
- U.S. automakers push for deal on fuel efficiency rules |
- Goldman Sachs reports higher trading revenue, shares jump
- BofA beats profit estimates on higher interest income, loan growth
- GM's Washington charm offensive sidelined by Wall Street's push for profit
- Ford forecasts weaker-than-expected fourth quarter profit
- Snap shares hit by second CFO exit in a year
- Stock futures rise after BofA, Goldman earnings
- BlackRock profit misses as market turmoil hits bottom line
- On the autofarm: China turns to driverless tractors, combines to overhaul agriculture