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Lucy Peng to Step Down as CEO of Alibaba’s Lazada

vendredi 14 décembre 2018
Longtime Alibaba executive Lucy Peng is stepping down as chief executive of the e-commerce giant’s Lazada Group after nine months on the job.

Virgin Galactic Rockets Out of Atmosphere for First Time

vendredi 14 décembre 2018
Virgin Galactic LLC, Richard Branson’s space-tourism venture, reached the edge of space in a test flight Thursday, four years after a fatal accident set back the project.

Apple Plans Billion-Dollar Texas Campus in Wave of New Sites

vendredi 14 décembre 2018
Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it aims to make good on promises to boost contributions to the economy.

California Girds for Higher Power Prices After Fires

vendredi 14 décembre 2018
PG&E customers could soon face massive rate hikes due to the state’s catastrophic wildfires, experts say.

GE to Sell Part of Digital Business

vendredi 14 décembre 2018
General Electric reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions.

Amazon Invasion in New York and Virginia Will Be a Slow One

vendredi 14 décembre 2018
Amazon’s announcement that it will bring 25,000 new jobs each to New York and Northern Virginia sparked a frenzy of activity. Lost in the commotion: It will take many years, if not a decade, before residents see an army of Amazon employees invading their (...)

LVMH Close to Deal for Hotel Operator Belmond

vendredi 14 décembre 2018
French luxury-goods company LVMH Moet Hennessy Louis Vuitton is close to a deal to acquire Belmond, a London-based owner and operator of high-end hotels around the world.

Many States See Strong Revenue

vendredi 14 décembre 2018
At least 19 states are reaping more than they expected for their general funds this fiscal year. Economic growth and changes in U.S. tax law are both feeding the revenue stream.

Sales Rise at Costco, but Fall Short of Expectations

jeudi 13 décembre 2018
Costco Wholesale sales surged in its latest quarter, as the warehouse chain continued to benefit from a strong economy and shopper interest in everything from bulk toilet paper to discounted branded clothes.

Sears Goes Under and Sales Go Up

jeudi 13 décembre 2018
The retailer, which has filed for bankruptcy protection, attributed a 4.3% rise in comparable sales to liquidations at stores that it is closing. Still, total revenue fell 23% and its loss widened.

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