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U.S. retailers push deals early as Black Friday loses focus

With sales on Black Friday slipping, U.S. retailers are offering pre-Thanksgiving deals even earlier than in recent years to draw shoppers as the day after no longer marks a spending peak at brick-and-mortar chains. Many retailers have started opening their stores on Thanksgiving evening to boost customer traffic and sales. Wal-Mart has already said it will increase inventory by more than half this year and make deals typically reserved for

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U.S. retailers push deals early as Black Friday loses focus

chicago

Wells Fargo faces tighter controls as U.S. regulator reverses course

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal

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Wells Fargo faces tighter controls as U.S. regulator reverses course

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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium led by Exxon over 44 trillion CFA francs

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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

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Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic. Last month, U.S. retailer Target Corp severed ties with Welspun after accusing them of passing off cheap sheets as premium Egyptian cotton for two years. “Welspun has not been able to assure us the products are 100 percent Egyptian

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Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

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Oaktree urged Tribune Publishing to merge with Gannett: Barron’s

Oaktree Capital Management urged newspaper publisher Tribune Publishing to negotiate a merger with Gannett Co Inc after it declined a purchase offer by Gannett, Barron's reported, citing 13D filings from May 5-11. Oaktree also stated that “in the event one or more other

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Oaktree urged Tribune Publishing to merge with Gannett: Barron’s

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United Airlines gate agents, baggage handlers approve new contract

United Continental Holdings Inc and its union said Saturday that workers voted in favor of contracts hiking the pay of some 30,000 baggage handlers, gate agents and other groups, a dramatic reversal from a year ago when the No.3 U.S. airline mulled outsourcing some of these jobs. The news marks a vote of confidence by…

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United Airlines gate agents, baggage handlers approve new contract

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BofA raises share buyback by up to $800 million

(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier. The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

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BofA raises share buyback by up to $800 million

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Staples, Office Depot say FTC opposition to deal ‘simply wrong’

The FTC has said a merger between the two could reduce competition for nationwide contracts for office supplies. It has also rejected Staples' raised offer to divest up to $1.25 billion of commercial contracts to secure approval for the

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Staples, Office Depot say FTC opposition to deal ‘simply wrong’

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U.S. retailers at risk of missing modest holiday sales goals

CHICAGO/NEW YORK (Reuters) – Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the “Super Saturday” before Christmas failed to live up to its nickname, industry research groups said. The last Saturday before Christmas often sets the annual record for retail sales, vying with Thanksgiving weekend's Black Friday. This year Super Saturday weekend sales in stores and

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U.S. retailers at risk of missing modest holiday sales goals

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U.S. consumers loosen purse strings as holidays start

U.S. consumers showed some muscle in November at the start of the holiday shopping season, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. The outlook for consumer spending, which accounts for more than two-thirds of economic activity, got a lift from other data …

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U.S. consumers loosen purse strings as holidays start

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