Retail
MGM Resorts announce restructuring plan to cut costs
MGM Resorts International (NYSE: MGM) on Thursday announced its plan to reduce costs, with it becoming imperative for the S&P500…
UniFirst Q1 profit jumps 12%, beats estimates
UniFirst Corporation (UNF) reported a 12% jump in earnings for the first quarter of fiscal 2019 helped by higher revenues…
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when…
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The…
Recovery hopes brighten after GE starts 2019 on a positive note
Extending the positive momentum seen towards the end of last year, General Electric (GE) started 2019 with a surprise gain.…
Resolute closes $300-million sale to boost financial flexibility
Resolute Forest Products (RFP) announced that it completed the $300-million sale of the Catawba, South Carolina, paper and pulp mill…
Sears liquidation looms closer than ever
Sears Holding Corp. (SHLDQ) is facing liquidation as early as tomorrow. The company’s last hope is hinged on a $4.6…
Johnson & Johnson will spend more time in court in 2019
The tainted talc has been snowballing into a gigantic threat since 2016, and things are not looking good as Johnson…
Happy New Year: Nearly half the US to get a minimum wage hike in 2019
Nearly half the US is getting a better New Year, as 22 states are just days away from raising the…
Indian govt delivers Amazon, Flipkart a rude shock with new e-comm rule
India was perceived as a fertile ground for e-commerce growth by both Amazon (AMZN) and Walmart-owned local rival Flipkart, both…