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JetBlue sues Walmart for trademark infringement over Jetblack service

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NEW YORK (Reuters) – JetBlue Airways Corp has sued Walmart Inc for trademark infringement, in an effort to stop the world’s largest retailer from using the name Jetblack for its text-based personal shopping service. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo Read More

Germany’s Metro says $6.6 billion bid undervalues company

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FRANKFURT (Reuters) – Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. FILE PHOTO: German retailer Metro AG sign is seen on the steps of their headquarters in Duesseldorf, Germany Read More

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

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(Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. FILE PHOTO – U.S. flags fly Read More

Walmart uses AI cameras to spot thieves

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US supermarket giant Walmart has confirmed it uses image recognition cameras at checkouts to detect theft. The cameras identify when items are put in a shopping bag without first being scanned by a cashier, or at the self-service checkout. Walmart told the news site Business Insider than it used the technology in more than 1,000 Read More

Bang-up week on Wall Street ends with a whimper

3 days ago DieselGasoil Comments Off on Bang-up week on Wall Street ends with a whimper
(Reuters) – Wall Street edged lower on Friday, as U.S. Vice President Mike Pence’s decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment. The S&P 500 briefly hit a record high. Pence called off a planned Read More

Apple pleads with Trump for China trade war truce

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Apple has warned that Donald Trump’s threatened China trade war escalation could “tilt the playing field in favour of its global competitors”. The tech firm used an online submission to hearings conducted by US trade officials to argue that plans to extend tariffs to another $300bn (£236bn) of Chinese goods would be counterproductive and risked Read More

Walmart to pay $282 million to settle seven-year global corruption probe

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WASHINGTON (Reuters) – Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. FILE PHOTO: The main entrance to a Walmart store is pictured in Sao Paulo, Brazil February 14, 2018. REUTERS/Paulo Read More

Investor LGIM dumps ExxonMobil from its Future World funds

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LONDON (Reuters) – Britain’s biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World Funds, and said it would vote against their chairs for failing to confront the threats posed by climate change. FILE PHOTO: Workers are seen at the booth of ExxonMobil in preparation ahead Read More