Alibaba's chairman Jack Ma wants to embrace the physical world with a "new retail strategy."Read More »
Although it's business as usual for a number of local companies on Monday, Sprint Corp. wants to create a "once-in-a-lifetime experience" for its employees during the solar eclipse. About 6,000 employees work at the campus, and Sprint bought solar eclipse viewing glasses for each of them. The event will include wine and beer and lunch catered by the Westport Flea Market and Aramark.
Wal-Mart Stores Inc. (NYSE: WMT) reported earnings today as it navigates an oversaturated retail sector, takes on Amazon.com Inc. (NYSE: AMZN) and secular changes in favor of e-commerce. There’s also some sentiment among retail industry and Wall Street analysts that it might not be Walmart chasing e-commerce giant Amazon. “If you asked me a year ago, I would have said Walmart is chasing Amazon,” said Brian Yarbrough, a senior research analyst with Edward Jones. But Yarbrough said Walmart’s $3.3 billion buy of Jet.com, its $310 million purchase of Bonobos and other moves such as free store pickup of groceries, discounts on store pickups of online purchases and cutting shipping charges has shifted
Avoid the political distractions: KC Mathews 1 Hour Ago | 04:05 U.S. equities fell on Thursday on concerns President Trump's recent controversies will not allow him to work with Congress to pass business-friendly legislation. The Dow Jones industrial average fell 200 points, with 29 of its 30 components trading lower. Shares of Cisco Systems were the biggest decliners on the Dow despite the company posting quartely results that were largely in-line with expectation. The index started falling earlier on fears that Gary Cohn, a business friendly advisor to the president, could resign his role as director of National Economic Council because of Trump's remarks following the violent protests in