Pension Benefit Guaranty Corp is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp’s two pension plans, covering about 90,000 people, the U.S. government agency said on Friday.
U.S. regulators have met to discuss imposing a fine against Facebook for violating a legally binding agreement with the government to protect the privacy of personal data, the Washington Post reported on Friday.
The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement.
Sears’ unsecured creditors have filed an objection to the deal proposed by chairman Eddie Lampert to save the bankrupt retailer, claiming its failure was “precipitated by years of years of misconduct” by the executive.
Amazon has shown itself to be a boon for its small and medium-sized business partners, with over 50,000 exceeding $500,000 in sales in Amazon stores worldwide for 2018, and nearly 200,000 surpassing $100,000.
Asia's richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate take on Amazon and Walmart in India's burgeoning e-commerce market.
Amazon is among eight tech firms named in a complaint filed in Austria by non-profit organisation Noyb, which cited their failure to comply with the European Union's General Data Protection Regulation (GDPR).
Primark’s trading update has raised new questions about whether the brand will ever launch online sales, but while it has mulled an online debut, it’s not a priority for now, a senior exec said after the update.
Klarna, the Swedish payments specialist has a new minority investor - rapper Snoop Dogg via his Casa Verde Capital fund. The company has also just unveiled a new marketing campaign starring the celebrity.
Supermarket retailer Casino, which is battling investor concerns over its high debt, said revenue growth slowed down slightly in the fourth quarter as anti-government protests in France impacted sales.
Sears said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.