Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion, giving the world’s largest retailer the resources for a stronger shopping website to compete with market leader Amazon.com Inc.
August 8, 2016Business
Consumer Sentiment Increases by Less Than Forecast
Consumer confidence in the United States rose less than forecast in August, reflecting a pullback in views on personal finances among younger Americans.
August 12, 2016Business
Retail Purchases Stall as Car Sales Improve
Sales at U.S. retailers were little changed in July as Americans flocked to auto dealers at the expense of other merchants.
August 12, 2016Business
SAF Offers $495 Million for Haldex in Truck-Parts Combination
SAF-Holland SA has offered $495 million (4.2 billion kronor) to buy Haldex AB, a combination of truckmaking suppliers that could help match mechanical parts with sensors and electronic components as big rigs increasingly link up to the internet.
July 14, 2016Business, Technology
NHTSA Opens Investigation Into Fatal Crash of Tesla on Autopilot
U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for the future of self-driving cars.
July 1, 2016Business, Fuel
OPEC Decides Not to Set Cap on Oil Output
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling.
June 2, 2016Business
Filings for Jobless Benefits Fall for Third Straight Week
Filings for U.S. unemployment benefits declined for a third consecutive week, signaling sustained firming in the labor market.
June 2, 2016Business
Consumer Spending Up in April; Confidence Down in May
Consumer spending climbed in April by the most in almost seven years, but consumer confidence unexpectedly fell in May to the lowest level in six months, according to two reports released May 31.
May 31, 2016Business, Fuel
OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Business
Consumer Sentiment in US Increases Less Than Forecast in May
Consumer confidence in the United States climbed less than forecast in May as Americans were a little less ebullient about the economy’s prospects in the run up to the presidential election, the University of Michigan’s report showed May 27.
May 27, 2016