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Tag: US news

Flotations, corporate collapses and Brexit: the year in business | Business

For business and finance, 2019 was a year of big-name corporate collapses, investigations into alleged scandals and the inevitable arguments about Brexit. Bankers and tycoons tried to get on with things by attempting huge flotations, large mergers and sizeable refinancings – with mixed results. Here is a review of the year in business. Floats Saudi …

Flotations, corporate collapses and Brexit: the year in business | BusinessRead More

American Dream: can this giant New Jersey mega-mall revive US retail? | Business

On a dreary Tuesday morning shortly before Christmas, two passengers boarded the 9.30am 355 bus from New York’s Port Authority bus terminal bound for American Dream, the most ambitious new mall to be built in the US in a generation. One was a mall worker who didn’t want to talk to the media; the other …

American Dream: can this giant New Jersey mega-mall revive US retail? | BusinessRead More

‘Death of an icon’: the downfall of Barneys New York | Business

“EMS – Every Thing Must Be Sold,” read the signs plastered all over Barneys New York – an unprepossessing welcome to what was once New York’s premier fashion store as it enters its last days before closing after almost 100 years in business. The red-and-yellow sale signage is certainly an affront to the luxury industry’s …

‘Death of an icon’: the downfall of Barneys New York | BusinessRead More

BlackRock’s Larry Fink must think again over tackling climate crisis | Nils Pratley | Business

Here’s a good question for Larry Fink, the BlackRock billionaire, to address when he dispatches his lofty annual “dear CEO” letter in the new year. Is his firm guilty of “greenwashing”? In other words, is the world’s biggest fund manager, with an astonishing $7tn of assets under its roof, posing as a pioneer of climate …

BlackRock’s Larry Fink must think again over tackling climate crisis | Nils Pratley | BusinessRead More

US retail employees call out working conditions with Black Friday protests | Business

Workers across the US are using Black Friday and Thanksgiving holiday shopping sales to address working conditions and labor issues in retail and related industries. On Black Friday, workers from the Marciano Art Foundation in Los Angeles and the American Federation of State, County and Municipal Employees (AFSCME) union, are holding protests at 45 Guess …

US retail employees call out working conditions with Black Friday protests | BusinessRead More

Black Friday sees sluggish start as more US consumers shop online | Business

The frenzy associated with Black Friday shopping was missing this year as US retailers offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picked up after a sluggish morning. “It’s slow now because we had a big, big rush last night,” said Target electronics salesman Evan Houser, 22, …

Black Friday sees sluggish start as more US consumers shop online | BusinessRead More

Walmart offers Thanksgiving workers measly discount in place of holiday pay | Business

Thanksgiving and Black Friday mark the beginning of the festive season in the US, but Walmart workers are not feeling the cheer. The world’s largest retailer will not be offering staff extra pay for working some of the busiest days of the year. Instead they will be offered a discount to shop at their own …

Walmart offers Thanksgiving workers measly discount in place of holiday pay | BusinessRead More

Louis Vuitton owner LVMH to buy Tiffany for $16bn | Business

LVMH, the world’s biggest luxury group, has agreed to buy Tiffany & Co, the US jeweller famed for its engagement rings and white diamond necklaces, in a $16.2bn (£12.6bn) deal. Bernard Arnault’s luxury goods empire, which includes brands such as Louis Vuitton, Christian Dior and Moët & Chandon, announced it would pay $135 a share …

Louis Vuitton owner LVMH to buy Tiffany for $16bn | BusinessRead More

Walgreens heading for biggest private equity buyout ever, says report | Business

The global drugstore chain Walgreens Boots Alliance has reportedly received a buyout offer from the private equity group KKR – if successful, the deal would be the biggest private equity transaction on record. Shares in Walgreens Boots Alliance rose 6% on Monday after Bloomberg reported news of the deal. Its shares had fallen nearly 20% …

Walgreens heading for biggest private equity buyout ever, says report | BusinessRead More

Primark ramps up US ambitions as sales defy high street gloom | Business

Primark is to step up expansion in the US and move into Poland after reporting a rise in annual sales that defied a difficult period for clothing retailers around the world. The cut-price clothing chain, which does not sell online, said sales were up 4% and it planned to open 19 stores around the world …

Primark ramps up US ambitions as sales defy high street gloom | BusinessRead More