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Wal-Mart Reports Good Results Driven By More Shoppers And Jump In Online Sales

Driven by the fact that more customers visited the discount retailer and its e-commerce push boosted online purchases, Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores.   Consequently, the world’s largest retailing company saw shares...

With New Zero Alcohol Beer, Heineken Targets Global Leadership

With the aim of becoming the global leader in a part of the market growing faster than the average, Dutch brewer Heineken has launched a non-alcoholic version of its namesake beer.   The world's second largest beer maker will sell the product in 17 markets, across Europe and also Russia and...

In Blow To Trump, GE Voices Support For Mexico And Backs NAFTA, In A Blow To Trump

The company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S President Donald Trump has threatened to ditch, said General Electric (GE.N) on Friday as the company praised Mexico as a big part of its future in the same comment.   Mexico as an investment...

Low Oil Prices, Terror Concerns Forces Emirates Profit To Tumble 70%

Due to the weighing down of the Persian Gulf economies because of the drastic fall in the global price of crude oil since the last few years and as people have been more discouraged from travelling due to terrorist attacks, Emirates Group, operator of the world’s biggest long-haul airline, posted...

After China Success, Big India Growth Predicted By Japan's Muji

Betting big on the world’s most colorful retail market as it pushes forward with an aggressive overseas expansion is a Japanese retailer famous for minimalist products and no-logo branding.   Satoru Matsuzaki, president of Muji-owner Ryohin Keikaku Co., said in an interview in New Delhi,...

Productivity Gains Pledged At Volkswagen’s Troubled Core Brand

Even as German car maker Volkswagen battles to overcome its emissions scandal, by making use of strategies such as pushing for cost savings, stemming overseas losses and launching more higher-margin cars, the carmaker is targeting fixed productivity gains at its troubled core division through 2020....

A $1 Billion U.S. Advanced Manufacturing Fund To Be Created By Apple

In what is being described the iPhone maker's latest effort to show how it is creating U.S. jobs, Apple Inc announced plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, its Chief Executive Officer Tim Cook said.   Cook said during a...

Investor Calls For Cook To Spend Some Money As Apple's Cash Hoard Swells To Record $256.8 Billion

Rising up more than $10 billion from the previous quarter, Apple’s enormous cash pile swelled to $256.8 billion in the fiscal second quarter.   Therefore, now market value of general Electronic is less than Apple's war chest which is also just smaller than the market value of Wells...

As Others Lose Patent Protection, Merck Eyes Key Cancer Drug Growth

As surprisingly strong demand for animal health products, vaccines and its hepatitis C treatment offset nearly $700 million in lower sales from drugs that lost patent protection, Merck & Co Inc on Tuesday reported better-than-expected profit in the first quarter.   The U.S. drugmaker...

Record Funding Of Didi Puts It In Position To Take On Uber Globally

Uber Technologies Inc. Chief Executive Officer Travis Kalanick was given one more thing to worry about after Chinese ride-hailing giant Didi Chuxing raised more than $5.5 billion.   Didi has been provided with war chest to ramp up efforts to harness artificial intelligence, build driverless...

Divides A Nation, Paralyses Rome – Will It Be A Bailout Or A Bust?

A growing number of Italians believe that it would be better for the country if their flag carrier Alitalia crashed as they are watching it go into yet another financial tailspin.   Many Italians are taking to social media to urge the government to resist the political temptation to rush to...

Spotlight On Cloud, Pixel Put By Google's Search For Non-Ad Revenue

Having long been sandwiched between Google's advertising juggernaut and its moonshot ventures that have captured popular imagination has been Alphabet Inc's non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store.   Noting an amount that is already bigger...
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