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Macy’s Posts First Comp Sales Drop in 2 Years
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
PayPal Sweetens Offerings With $4B Honey Buy
The browser plugin that hunts for online shopping bargains is "amongst the most transformative acquisitions in PayPal’s history."
Alibaba on Track to Raise $12.9B in HK Listing
Investor enthusiasm for the secondary listing is "a vote of confidence in the Asian financial hub" after months of civil unrest.
DoorDash Sued Over Tipping Practices
The company allegedly took millions of dollars in customer tips meant for delivery people and used them to cover base pay.
Kirin Unit to Buy Fat Tire Beer Maker New Belgium
The acquisition of the fourth-largest craft brewer in the U.S. marks another major investment by a traditional brewer in the craft category.
Whistleblower Tips to SEC Top 5,200 in FY 2019
“The whistleblower program continues to have a significant positive impact on the commission’s enforcement efforts and protection of investors and markets."
Energy Startup Creates Solar Energy Hot Enough for Industrial Processes
Heliogen, backed by Bill Gates, has achieved temperatures suitable for cement and steel production.
FedEx to Discontinue Pension Plan for New Hires
The switch to a 401(k) plan isn’t intended to save money but is "really more about evolution of our benefits and being competitive as an employer."
Coty Makes $600M Beauty Bet on Kylie Jenner
The ailing beauty company is buying a majority stake in startup Kylie Cosmetics as it seeks to appeal to a younger demographic.
HP Rejects Xerox’s Takeover Offer
HP signaled it was open to exploring a ‘potential combination’ between the two companies.
MedMen to Lay off 190 Workers in Profit Push
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
JCPenney Loss Narrows to $93M, Shares Jump
The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”
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