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Wal-Mart eyes $316 million in Brazil store reforms through 2019

August 29, 2017 by  
Filed under News

SAO PAULO (Reuters) – Wal-Mart Stores Inc plans to invest around 1 billion reais ($316 million) in Brazil through 2019 to refurbish about 120 stores, as larger rivals in Latin America’s biggest economy invest heavily to retain cash-strapped customers.


Source: Reuters Business News

NBA star Durant takes shot at Under Armour, stock falls

August 29, 2017 by  
Filed under News

(Reuters) – Shares of Under Armour Inc sank more than 3 percent on Tuesday, a day after National Basketball Association star Kevin Durant said young players do not like the company’s shoes.


Source: Reuters Business News

Harvey threatens more U.S. Gulf refineries, supply constraints emerge

August 29, 2017 by  
Filed under News

HOUSTON (Reuters) – Record rains and flooding from Tropical Storm Harvey triggered more oil refining outages in Texas on Tuesday, bringing the total offline to more than 16 percent of overall U.S. capacity as the storm took aim at plants along the Louisiana coast.


Source: Reuters Business News

S&P sees U.S. keeping AA+ rating if it avoids default

August 29, 2017 by  
Filed under News

NEW YORK (Reuters) – Standard & Poor’s said on Tuesday the United States would maintain its AA+ credit rating, its second highest, as long as the federal government avoids a default even if it does not increase the debt ceiling in a timely manner.


Source: Reuters Business News

U.S. coding school Galvanize to lay off 11 percent of workforce

August 29, 2017 by  
Filed under News

(Reuters) – Galvanize, a for-profit coding school that has raised $63 million in venture funding, plans to lay off 11 percent of its workforce, the company told Reuters on Tuesday.


Source: Reuters Business News

Whole Foods slashes prices on some produce; also selling Amazon's Echo

August 28, 2017 by  
Filed under News

LOS ANGELES (Reuters) – On its first day as part of Amazon.com , organic grocery chain Whole Foods Market Inc slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its “Whole Paycheck” reputation for high prices.


Source: Reuters Business News

Oil falls but gasoline jumps as Harvey hits U.S. refiners

August 28, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. crude oil futures fell more than 3 percent on Monday but gasoline prices surged to two-year highs as Tropical Storm Harvey kept hammering the U.S. Gulf Coast, knocking out several refineries which backed up crude supplies and disrupted fuel production.


Source: Reuters Business News

S&P, Dow edge lower as Harvey batters oil market

August 28, 2017 by  
Filed under News

(Reuters) – The Dow and the S&P were slightly lower in early Monday afternoon after oil stocks slipped further as Tropical Storm Harvey bore down on the U.S. energy hub.


Source: Reuters Business News

Harvey throws a wrench into U.S. energy engine

August 28, 2017 by  
Filed under News

HOUSTON (Reuters) – A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets.


Source: Reuters Business News

CEO Khosrowshahi poised to take Uber job: Expedia memo

August 28, 2017 by  
Filed under News

(Reuters) – Expedia Inc Chief Executive Dara Khosrowshahi is poised to accept an offer to be Uber Technologies Inc’s [UBER.UL] CEO, according to an internal memo sent to Expedia staff, ending a drawn-out search for the next head of the ride-services company.


Source: Reuters Business News

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