If you were to wake up today from a yearlong sleep, get up, and decide to go out and do some shopping in Los Angeles, it would probably take a minute to catch on that something is different. Malls and popular shopping drags in the city, a verified hotbed of COVID-19 infections since late November, […]
With the outbreak of COVID-19, Saks Fifth Avenue was “prepared” to meet customers’ needs, with changes to the luxury retailer’s website, and personalization and service advancements, already in motion. That perspective came from Saks’ president and chief executive officer Marc Metrick, who spoke at the National Retail Federation’s “Big Show” virtual conference. “We re-platformed our […]
(Reuters) – IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty.FILE PHOTO: The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, […]
BILLINGS, Mont. — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and […]
BILLINGS, Mont. — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and […]
NEW YORK/BOSTON (Reuters) – Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators that is making some investors hesitate about owning its stock.FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends an event at the World […]
Pressure is mounting on the UK and French governments to agree financial aid for Eurostar, the cross-Channel rail operator, as it fights for survival. The company admitted late last year that the continuing COVID-19 crisis, which has forced it to slash services from a normal level of more than 50 trains a day to just […]
The streaming giant borrowed over $16 billion in less than a decade as it built out its content library. The strategy prompted criticism that the company was unsustainable. By Edmund Lee Netflix has reached a financial milestone: It no longer needs to borrow money. Netflix announced Tuesday in its fourth-quarter earnings report that it would […]
The streaming giant borrowed over $16 billion in less than a decade as it built out its content library. The strategy prompted criticism that the company was unsustainable. By Edmund Lee Netflix has reached a financial milestone: It no longer needs to borrow money. Netflix announced Tuesday in its fourth-quarter earnings report that it would […]
The main concern of journalists covering presidential inaugurations used to be guarding against the January chill. For the swearing-in of Joseph R. Biden Jr. on Wednesday, some reporters and photographers are taking along protective gear used in combat zones. Two weeks after a pro-Trump mob stormed the Capitol in a siege that resulted in five […]