Business

Moody’s retail analyst Charlie O’ Shea, who was in Bucks County, Pennsylvania, reported healthy traffic at local stores including consumer electronics chain Best Buy, clothing store Old Navy and retailer Kohl’s Corp. “The weather is cooperating and people here are out,” he said. The National Retail Federation is projecting that sales for November and December
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Accelerating growth, alongside increasing price pressures, will be welcomed by policymakers at the ECB who last month took a step towards weaning the euro zone off loose money. “We’ve been of the view that the PMIs have been in quite hawkish territory for some time now. If you continue to get numbers this strong there
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Sanjit Das | Bloomberg | Getty Images Workers hand-pick tea leaves at the Simulbari Tea Estate in Darjeeling district, West Bengal, India, on Dec. 7, 2015. Fernando’s prediction, if correct, could have severe consequences for the livelihoods of a massive population. Worldwide, an estimated 13 million people are involved in tea production, with the majority
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Two Boeing 747-400s sold on an Alibaba-owned e-commerce website for $48 million, making the pair of jumbo jets the highest-value sale ever for Taobao. The two “Queens of the Sky” were from a bankrupt cargo company, Jade Cargo International, and sold to Chinese logistics company SF Express, according to the listing. The Intermediate People’s Court
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CBS and PBS have both fired journalist Charlie Rose amid allegations of sexual misconduct. Rose, who hosts the interview program “Charlie Rose” on PBS and Bloomberg as well as “CBS This Morning,” was suspended Monday after a Washington Post report detailed multiple alleged sexual harassment incidents perpetrated by the journalist. CBS detailed the decision in
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Getty Images Don McGahn, general counsel for the Trump transition team, gets into an elevator in the lobby at Trump Tower, November 15, 2016. White House Counsel Don McGahn will be interviewed by investigators connected with Special Counsel Robert Mueller’s Russia probe some time in the next few weeks, CNBC learned Monday. The interview, which
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The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
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Throughout the twentieth century, business schools heralded General Electric (GE) as America’s most iconic company. It set the standards in leadership, organization, and effective management processes. The company delivered remarkable results over its storied history, evidenced by its stature as the only original component of the Dow Jones industrial average still on the list. Today
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Sessions, who was the first senator to endorse Trump’s presidential bid, said during his confirmation hearing that he “did not have communications with the Russians.” Following reports that Sessions had met twice with Kislyak during the campaign, Sessions issued a letter to Congress saying his previous testimony had been “correct,” but acknowledged the two incidents.
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As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
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