January 10, 2019

Starboard building stake in MGM Resorts: sources

Activist hedge fund Starboard Value LP is building a stake in MGM Resorts , two people familiar with the matter said on Thursday, as the U.S. […]
January 10, 2019

Sears chairman submits new $5 billion bid to save bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company on Thursday, a regulatory filing showed, providing […]
January 10, 2019

Exclusive: Glencore loses exclusive rights to major Libyan oil grades

Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding them since late 2015, […]
January 10, 2019

Jaguar Land Rover to slash UK jobs after China, diesel drop

Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a […]
January 10, 2019

Target’s holiday season comparable sales up 5.7 percent

Retailer Target Corp said on Thursday comparable sales grew 5.7 percent for the last two months of the year on the back of a strong holiday […]
January 10, 2019

Jaguar Land Rover to cut thousands of UK jobs after China, diesel slump

Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to cut thousands of jobs as the company faces lower demand in China and a slump in […]
January 10, 2019

Jaguar Land Rover clear they regard UK as home: PM May’s spokesman

Jaguar Land Rover (JLR) has made clear they regard Britain as home and are investing in the future, Prime Minister Theresa May’s spokesman said on Thursday. […]
January 10, 2019

At China port, tariff drop a salve for hard-hit traders of American cars

In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling […]
January 10, 2019

Nike’s Dutch tax status investigated by EU Commission

The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear […]
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