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  • Lucy Peng to Step Down as CEO of Alibaba's Lazada
    on December 14, 2018 at 4:45 am

    Longtime Alibaba executive Lucy Peng is stepping down as chief executive of the e-commerce giant’s Lazada Group after nine months on the job. […]

  • Virgin Galactic Rockets Out of Atmosphere for First Time
    on December 14, 2018 at 4:35 am

    Virgin Galactic LLC, Richard Branson’s space-tourism venture, reached the edge of space in a test flight Thursday, four years after a fatal accident set back the project. […]

  • Apple Plans Billion-Dollar Texas Campus in Wave of New Sites
    on December 14, 2018 at 4:00 am

    Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it aims to make good on promises to boost contributions to the economy. […]

  • California Girds for Higher Power Prices After Fires
    on December 14, 2018 at 3:06 am

    PG&E customers could soon face massive rate hikes due to the state’s catastrophic wildfires, experts say. […]

  • GE to Sell Part of Digital Business
    on December 14, 2018 at 3:02 am

    General Electric reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions. […]

  • Amazon Invasion in New York and Virginia Will Be a Slow One
    on December 14, 2018 at 1:36 am

    Amazon’s announcement that it will bring 25,000 new jobs each to New York and Northern Virginia sparked a frenzy of activity. Lost in the commotion: It will take many years, if not a decade, before residents see an army of Amazon employees invading their cities. […]

  • LVMH Close to Deal for Hotel Operator Belmond
    on December 14, 2018 at 12:40 am

    French luxury-goods company LVMH Moet Hennessy Louis Vuitton is close to a deal to acquire Belmond, a London-based owner and operator of high-end hotels around the world. […]

  • Many States See Strong Revenue
    on December 14, 2018 at 12:20 am

    At least 19 states are reaping more than they expected for their general funds this fiscal year. Economic growth and changes in U.S. tax law are both feeding the revenue stream. […]

  • Sales Rise at Costco, but Fall Short of Expectations
    on December 13, 2018 at 11:38 pm

    Costco Wholesale sales surged in its latest quarter, as the warehouse chain continued to benefit from a strong economy and shopper interest in everything from bulk toilet paper to discounted branded clothes. […]

  • Sears Goes Under and Sales Go Up
    on December 13, 2018 at 11:34 pm

    The retailer, which has filed for bankruptcy protection, attributed a 4.3% rise in comparable sales to liquidations at stores that it is closing. Still, total revenue fell 23% and its loss widened. […]

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