Walmart won't be doing large-scale holiday hiring at its stores this year. Instead, like last year, it will offer extra hours to its current workers. The nation's largest private employer says, however, that it will be taking on more temporary workers at its distribution centers.
Toshiba Corp.’s board has agreed to sell its chip unit to a group led by Bain Capital, with the assurance that the buyout firm will complete a deal regardless of legal challenges from Western Digital Corp., according to people familiar with the matter. The Bain consortium includes financial support from Apple Inc., Dell Inc. and several other companies, said the people, asking not to be identified because the matter is private. Toshiba also plans to invest about 350 billion yen ($3.1 billion) alongside the U.S. buyout firm, they said. The Bain-led group was identified as a preferred bidder almost three months ago, but the process has been delayed by lawsuits, government opposition and corporate
According to a recent note by equity research firm Jefferies, there's evidence that mass-market retailers like Target are now lowering prices to compete with Lidl, which has 10,000 global stores but just came to the US.