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J.C. Penney’s quarterly comparable sales fall 0.8 percent

(Reuters) – J.C. Penney Co Inc reported a 0.8 percent fall in quarterly comparable store sales on Friday, reflecting weak store traffic, increased price competition from online and off-price retailers and a general shift away from spending on apparel.

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J.C. Penney’s quarterly comparable sales fall 0.8 percent

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Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands

LONDON (Reuters) – At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev , sources familiar with the matter said on Tuesday.

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Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands

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Supreme Court rejects Google appeal in class action dispute

By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected Google Inc's bid to throw out a class action lawsuit involving claims that the company deceived California advertisers about the placement of Internet ads through its Adwords service. The court's decision not …

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Supreme Court rejects Google appeal in class action dispute

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Verizon and unions reach tentative deal to end strike

Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday. Shares in Verizon, the No. 1 U.S. wireless company, jumped as much as 1.2 percent after the announcement and in afternoon trading were up almost 1 …

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Verizon and unions reach tentative deal to end strike

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China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of…

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China complains to WTO that U.S. fails to implement tariff ruling

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Panama law firm says it hasn’t been approached by investigators yet

The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations. Ramon Fonseca also said the release of more than 11.5 million company emails was the result of hacking from a computer overseas rather than an inside job and that he knew which country the hacker attack had come from but was not allowed to…

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Panama law firm says it hasn’t been approached by investigators yet

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Financial turmoil at SunEdison imperils solar projects worldwide

In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Now, five months later, many of those projects are imperiled

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Financial turmoil at SunEdison imperils solar projects worldwide

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Marriott, Starwood Hotels stockholders approve deal

Holders of more than 97 percent of Marriott shares and over 95 percent of Starwood shares voted in favor of the cash-and-stock deal, which was valued at $12.41 billion as of Thursday. China's Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels,

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Marriott, Starwood Hotels stockholders approve deal

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Sheraton-owner Starwood accepts higher offer from Marriott

Starwood Hotels and Resorts Worldwide Inc , owner of the Sheraton and Westin hotel brands, agreed to a higher $13.6 billion buyout offer from Marriott International Inc , spurning a proposal from China's Anbang Insurance Group. Marriott raised the cash portion of its offer to $21

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Sheraton-owner Starwood accepts higher offer from Marriott

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Apple fight could escalate with demand for ‘source code’

By Joseph Menn SAN FRANCISCO (Reuters) – The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the high-stakes confrontation could escalate even further. In what observers of the case called a carefully calibrated threat, the U.S. Justice Department last week suggested that…

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Apple fight could escalate with demand for ‘source code’