J.C. Penney Co Inc said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to focus on profitability.
The United States hopes to have a set of decisions shortly on Chinese telecoms companies that will reflect Washington's central understanding that the information of U.S. citizens should be protected from Beijing authorities, U.S. Secretary of State Mike Pompeo said on Wednesday.
U.S. Secretary of State Mike Pompeo said on Wednesday the United States would impose visa restrictions on Chinese firms like Huawei Technologies Co. Ltd that he accused of facilitating human right violations.
Britain changed its position on using China's Huawei in its 5G network because of U.S. sanctions, a spokesman for Prime Minister Boris Johnson said on Wednesday when asked about President Donald Trump's comments that he was responsible.
REUTERS: SoftBank Group Corp-owned semiconductor technology supplier Arm Ltd has moved to raise licensing fees for some customers in recent negotiations, four people familiar with the matter told Reuters. In recent talks, Arm's sales representatives have pressed for price hikes that would boost ...
EU antitrust enforcers are asking interested parties whether Google's pledge not to use fitness tracker maker Fitbit's health data for its advertising, and to separate the dataset from its own, might ease concerns over their tie up.
KUALA LUMPUR: Although Chen Pei Teck was involved in the palm oil trade as part of his job with a major plantation company, he had never opened a share trading account. “I was too busy, but it was always at the back of my mind,” said the 43-year-old financial controller. He...
TEL AVIV: VGames on Wednesday launched the first games-focused investment fund in Israel, with commitments of over US$30 million and a target to raise US$40 million. The fund, which will invest mostly in early-stage game studios in Israel and Eastern Europe, was founded by Eitan Reisel, formerly ...
U.S. import prices increased by the most in more than eight years in June amid a surge in the cost of fuel, but the overall trend remained weak, suggesting inflation could stay tame despite a jump in consumer prices last month.
Chipotle Mexican Grill Inc said on Wednesday it plans to hire as many as 10,000 employees over the next few months to help support the expansion of drive-thru lanes at its restaurants.
