May 20 2013 23:59 BST Global Brands: Online retailer grabs top spot from bricks and mortar rivalCalling Amazon the "Walmart of the web", a common moniker for the online giant, is one way to make people from Walmart bristle. The bricks-and-mortar behemoth tends to think that if any company is going to be the Walmart of the web, then it should be Walmart. That is why,By Barney Jopson |
Mar 29 2013 16:45 GMT Safeway: Burd songWith Safeway stock up more than 40 per cent this year, consider this chief executive Steve Burd's parting gift to shareholders after an astounding two decades in the job. Regrettably, it does not come close to making up for the past 12 years during which the grocer's shares have fallen |
Mar 07 2013 18:25 GMT Gap shares halted after early data releaseTrading in Gap shares was halted briefly on Thursday after the retailer's latest sales data were accidentally released several hours early, the latest case of an unplanned data leak roiling companies and markets. The halt in share trading, which came after a sudden 4 per cent rally, was requested byBy Barney Jopson in New York |
Feb 20 2013 15:58 GMT Pet owner points to Kroger's dilemmaAs David Dillon, Kroger's chief executive, sits talking by the cheese counter in one of his supermarkets, a man sporting a baseball cap and a bushy beard interrupts. "Are you guys working in high places with this organisation?" he says. "Why do you ask?" replies Mr Dillon, head of theBy Barney Jopson in Cincinnati |
Feb 18 2013 18:51 GMT US business hits out at 'Obamacare' costsUS retailers and restaurants chains that employ millions of low-wage workers are considering cutting working hours or paying fines rather than enrolling employees in health insurance plans under Barack Obama's landmark healthcare law. Employers are concerned that the law increases the cost of insuring employees on existing plans, partly byBy Barney Jopson in New York and Alan Rappeport in Washington |
Dec 13 2012 18:21 GMT Nasdaq cancels trades in major stocksNasdaq cancelled dozen of trades in nine of Wall Street's biggest stocks, including Goldman Sachs, Citigroup and Hewlett-Packard, after shares in the companies fluctuated wildly in pre-market trading. The exchange operator said it would unilaterally cancel all trades in the stocks that were greater than 10 per cent away fromBy Arash Massoudi in New York |
Dec 11 2012 07:12 GMT Torn between loyalty and a bargainConsider one consumer filling a supermarket trolley with food, and another, sitting on a sofa, browsing electronics via an iPad price comparison app. They are the two extremes of contemporary shopping - and in more ways than one. Beyond the bricks-versus-clicks divide, they also embody the contrary forces that scientistsBy Barney Jopson |
Nov 29 2012 18:07 GMT US equities volatile on fiscal cliff talksUS equity markets experienced volatile trading as investors reacted to news from Washington, where Treasury secretary Tim Geithner held a first round of unsuccessful talks with the Republican leader in the House over the looming fiscal cliff . After the meeting with Mr Geithner, John Boehner, Republican speaker of theBy Anora Mahmudova in New York |
Jun 14 2012 19:40 BST Wall Street higher on stimulus hopesUS equities moved higher by midday as investors became more bullish on the prospects of monetary easing from the Federal Reserve due to the economic slowdown and instability of the eurozone. Investors, however, are still waiting for signs of a resolution of the eurozone's sovereign debt and banking woes. Increasingly,By Kandy Wong in New York |
Jun 11 2012 22:11 BST S&P 500 rally loses steamState Street was among the top performing US shares on an otherwise gloomy day for equities on Monday following a report that the custody bank was close to completing a deal with Goldman Sachs to acquire its hedge fund administration business. Shares in State Street finished 1.5 per cent higherBy Kandy Wong and Arash Massoudi in New York |
