Macy’s swings to loss in second quarter but tops estimates
NEW YORK — Macy’s Inc. today reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier….
AP Wire
Lands’ End: Fiscal 2nd quarter earnings snapshot
DODGEVILLE, Wis. — Lands’ End Inc. today reported fiscal second-quarter net income of $4.4 million, after reporting a loss in the same period a year…
Australia’s economy takes sharpest dive since the 1930s
CANBERRA, Australia — Australia’s economy suffered its sharpest economic contraction since the Great Depression due to the pandemic, with data released Wednesday confirming the country…
U.S. construction spending edges up tiny 0.1% in July
WASHINGTON — U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic….
Uber to require that passengers provide face-mask selfies
SAN FRANCISCO — Mask slackers will now have to provide photographic proof they’re wearing a face covering before boarding an Uber. The San Francisco-based company…
GM, Ford complete US contracts to build breathing machines
DETROIT — General Motors says it has finished making 30,000 medical breathing machines for the U.S. government to help treat coronavirus patients. The Department of…
Tesla announces plans to sell up to $5B in new stock shares
DETROIT — A day after its 5-for-1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares….
German government sees smaller economic decline this year
BERLIN — The German economy, Europe’s biggest, is performing better than expected following the easing of coronavirus lockdown restrictions, the government said today, as it…
15 years later, Walmart launches its answer to Amazon Prime
NEW YORK — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a…
Samsung’s Lee indicted over controversial 2015 merger
SEOUL, South Korea — South Korean prosecutors today indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up…