Economy news

Shoppers Filled Stores Saturday Looking for Deals

Shoppers Filled Stores Saturday Looking for Deals

If the thought was the Christmas rush was over as of Christmas Day, think again. The day after Christmas is considered the third-busiest shopping day all year following just Black Friday and Super Saturday, according to ShopperTrak analytics. Shoppers filled stores on Saturday, returning unwanted gifts, spending gift cards and […]

DuPont and Dow Chemical Negotiating Possible Merger

DuPont and Dow Chemical Negotiating Possible Merger

Dow Chemical and DuPont are talking about merging which would create a giant in the chemical industry that would have a $130 billion market value that could then be broken into different businesses, said people that are familiar with what is taking place. A deal would face approval by regulators […]

Kohl’s Beats Earning Expectations For 3Q (NYSE: KSS)

Investors were happy to hear that Kohl’s handily beat sales and earnings forecasts for the third quarter. Kohl’s is saying that the numbers indicate its revamping strategy is seeing success. The company has reaffirmed its full-year guidance of earnings of $4.40 to $4.60 a share. Shares of Kohl’s increased 7 […]

Coca-Cola India Might Shut Factories If Tax Goes Through

Coca-Cola India Might Shut Factories If Tax Goes Through

The Coca-Cola subsidiary in India said Friday that it might have to shut some of its bottling plants if the India government pushes a proposal through that would subject carbonated drinks to a sin tax of 40% as part of wide ranging fiscal overhaul. The beverage maker operates 57 bottling […]

Inditex Posts Strong Growth in Sales

Inditex Posts Strong Growth in Sales

Inditex, the largest clothing retailer in the world, posted strong growth in sales for its first five weeks of its new financial year. The retailer added that its pace of new store openings would be slowing down as part of the company’s trend of sales moving more to the Internet. […]

Activision Blizzard Pays $46M For Major League Gaming Assets (NASDAQ:ATVI)

Activision Blizzard Pays $46M For Major League Gaming Assets (NASDAQ:ATVI)

Activision Blizzard has reportedly acquired a majority of Major League Gaming’s assets in a $46 million deal. Major League Gaming was once the largest esports company in North America. The company has not yet publicly confirmed the report. Founded by Sundance DiGiovanni and Mike Sepso in 2002, MLG helped bring […]

High Online Shopping Volume Straining Shipping Companies

High Online Shopping Volume Straining Shipping Companies

December always is the busiest month for package shipping but this year it is bigger than it has ever been due to a huge push in e-commerce that is putting more stress on the country’s delivery companies. A surge last month of orders around the Cyber Friday, Cyber Monday weekend […]

Walmart Income for Fourth Quarter Down On Lower Sales

Walmart Income for Fourth Quarter Down On Lower Sales

On Thursday, Walmart said its earnings for the fourth quarter were down by 7.9% because of higher operating expenses and lower sales. The largest retailer in the world lowered its sales growth estimate for 2017, which began in February. The estimate previously had been for a 3% to 4% increase, […]