U.S. stock futures were flat Wednesday, one day after the Dow gave up gains at the open and closed down 292 points, or 0.8%, its sixth down day in the
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Walmart to Sell 85% Stake in Seiyu to Rakuten, KKR
Walmart Inc. is selling a majority stake in Japanese retailer Seiyu to KKR & Co. and Rakuten Inc. in a deal the companies said values the business at 172.5 billion
Continue reading »Walmart Scraps One-Way Aisles That U.S. Shoppers Mostly Ignored
Walmart Inc. is removing the one-way aisles it had imposed in its stores at the start of the coronavirus pandemic, a move likely to be welcomed by customers who largely
Continue reading »TikTok talks show how Trump's deal-making style can cause collateral damage
President Trump initially said only a full sale of TikTok's U.S. operations would prevent a ban of the application, but he settled on a lesser deal that involved minority stake
Continue reading »Oracle poised to become TikTok's U.S. technology partner after Chinese owners reject Microsoft's bid
The deal represents a symbolic loss for Satya Nadella's Microsoft, which has an advertising business that Nadella once worked on. ByteDance, the Chinese owner of social video app TikTok, has
Continue reading »Walmart Sales Surge Even as Virus Costs Hit $1.5 Billion
Walmart Inc. posted stronger-than-expected quarterly sales fueled by soaring online orders and its market-leading grocery business, but added costs from the pandemic plus a $380 million charge related to layoffs
Continue reading »Waltons Grow Richer Than Ever With Recession-Resilient Walmart
The fortunes of the Walton family — the pioneers of American bargain shopping — have reached new heights during a pandemic that has otherwise obliterated trillions of dollars of value
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