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Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart lowered its profit targets and said it would open just 10 new U.S. stores next fiscal year, as the world’s biggest retailer digests its $16 billion Flipkart acquisition and focuses on e-commerce.

Published 1 month ago

Uber targets £100bn valuation with IPO within 6 months

Uber targets £100bn valuation with IPO within 6 months

Ride-hailing group set to hire bankers as timeline puts it into direct competition with Lyft

Published 1 second ago

Cheaper Humira Copy Goes on Sale in Europe, Widening Gap With U.S.

Cheaper Humira Copy Goes on Sale in Europe, Widening Gap With U.S.

Cheaper copies of the world’s biggest-selling drug will roll out across Europe after a key European patent for Humira expires, but U.S. patients and insurers will have to wait to access less-expensive versions of the blockbuster drug.

Published 1 month ago

Federal Judge Approves Elon Musk, Tesla Settlements With SEC

Federal Judge Approves Elon Musk, Tesla Settlements With SEC

A federal judge approved Elon Musk’s settlement with the Securities and Exchange Commission.

Published 1 month ago

The Lakers Have LeBron James. Now What?

The Lakers Have LeBron James. Now What?

No one knows exactly what to expect from his first season in Los Angeles. But here’s why LeBron and the Lakers might be better than you think.

Published 1 month ago

EU leaders warn Brexit deal unlikely at Brussels summit

EU leaders warn Brexit deal unlikely at Brussels summit

May tells Eurosceptics acceptable deal in sight as Barnier says ‘more time’ needed

Published 1 second ago

Goldman Sachs Rides Deals to Improved Revenue, Earnings

Goldman Sachs Rides Deals to Improved Revenue, Earnings

Goldman Sachs said profit rose to $2.5 billion in Lloyd Blankfein’s last quarter as chief executive as the Wall Street firm benefited from a strong deal-making environment but turned in mixed trading results.

Published 1 month ago

Pompeo Arrives in Riyadh Amid Crisis Over Missing Saudi Journalist

Pompeo Arrives in Riyadh Amid Crisis Over Missing Saudi Journalist

Secretary of State Mike Pompeo arrived in Riyadh for meetings aimed at resolving a diplomatic crisis over the disappearance of Jamal Khashoggi.

Published 1 month ago

Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart lowered its profit targets and said it would open just 10 new U.S. stores next fiscal year, as the world’s biggest retailer focuses its efforts on e-commerce shopping.

Published 1 month ago

After Hurricane Michael, Residents Determined to Rebuild Shattered City

After Hurricane Michael, Residents Determined to Rebuild Shattered City

Days after Hurricane Michael turned the beachside community of Mexico Beach into a wreckage-strewn disaster, residents are talking about how they want to bring it back.

Published 1 month ago

House Races Tighten as Midterm Elections Near

House Races Tighten as Midterm Elections Near

In a year where Democrats are considered the favorites to win back control of the House, many of the races now tightening are in districts where President Trump won in 2016—but not by much.

Published 1 month ago

Microsoft Co-Founder Paul Allen Dies at 65

Microsoft Co-Founder Paul Allen Dies at 65

Microsoft co-founder Paul Allen, who helped pioneer the personal-computer industry, died just two weeks after revealing that a cancer he successfully received treatment for several years ago had returned.

Published 1 month ago

China, Ending Denials, Defends Muslim Detentions as Vital for Stability

China, Ending Denials, Defends Muslim Detentions as Vital for Stability

A senior Chinese official offered the government’s fullest defense so far of its mass detention program for Muslims in China’s far west, saying it formed a bulwark for social stability and suggesting the detentions are voluntary.

Published 1 month ago

Tiny Rooms, Shared Kitchens: Co-Living on the Rise in Big Cities

Tiny Rooms, Shared Kitchens: Co-Living on the Rise in Big Cities

Developers are preparing to build some of the largest new co-living properties in North America, a sign that the appeal of this type of housing could be broadening.

Published 1 month ago

Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart’s Largest Acquisition Ever Will Hit Profit

Walmart lowered its profit targets and said it would open just 10 new U.S. stores next fiscal year, as the world’s biggest retailer focuses its efforts on e-commerce shopping.

Published 1 month ago