Malls are being hollowed out. Shops are closing by the thousands. Retailers are going bankrupt. But it may be too early to declare the death of retail. Americans have started shopping more — in stores. From the garden section at Walmart to the diamond counters at Tiffany & Company, old-school retailers are experiencing some of…
When Americans feel like they’ve got more money, they like to treat themselves. That means there could be plenty of steaks on the grill this year for Labor Day. A buzzing economy and low U.S. unemployment is a boon for beef, typically considered a premium meat. Gains for the cattle herd means retail prices have…
THE garage in which Hewlett-Packard was started in 1939 is now a private museum—a modest monument to the cut-price creativity and bare-knuckle entrepreneurship that made Silicon Valley famous. Drive south from Palo Alto through 20 minutes of inevitable traffic to Sunnyvale and you will find a landmark of a different kind. Nothing of technological note…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
Coca-Cola has announced a surprise move to buy Costa Coffee, one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion ($5.1 billion) in a move likely to send shockwaves through the coffee industry. Whitbread, which also owns budget UK hotel chain Premier Inn, said that its board had unanimously approved the deal,…
WASHINGTON — Canada’s foreign minister cut short a trip to Europe and rushed to Washington on Tuesday as President Trump’s top trade advisers reiterated that the United States is prepared to leave Canada out of a revised North American Free Trade Agreement with Mexico. Touting the agreement with Mexico as a major win, Trump administration…
(Reuters) - Toyota Motor Corp (7203.T) will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. Toyota, one of the world’s largest carmakers, and Uber [UBER.UL], the leading ride-hailing…
“Automakers urge the U.S. and Mexico to quickly re-engage with Canada to continue to build on this progress,” the Alliance of Auto Manufacturers, which represents most carmakers that sell vehicles in the United States, said in a statement. “The industry is hopeful that any changes to Nafta auto rules of origin continue to strike the…
By CHRIS CIRILLO | Nov. 28, 2017 | 1:57 A handful of Republican senators are on the fence about President Trump’s tax plan. Here are their concerns. Related: article: Senators Scramble to Advance Tax Bill That Increasingly Rewards Wealthy
The Senate tax-writing committee continues hammering out the details of its tax cut proposal on Tuesday, while the House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day:Plan Revisions Coming Later Tuesday, Hatch Says (9:36 a.m.)Senate Finance Committee Chairman Orrin Hatch said his “modified mark” isn’t…
