Business

In August, Estonia proposed its own state-backed digital asset, which would be called “estcoin”. The small Eastern European nation said it was considering the launch of estcoin through an initial coin offering (ICO) — a crowdfunding method that has garnered much scrutiny in recent weeks. And last month, Japan signaled the potential launch of its
0 Comments
Talks for the deal between Airbus and Bombardier first started in August. Enders said the deal was different from an earlier round of talks in 2015, when he abruptly ordered an end to negotiations. He said the CSeries’ has since been certified, entered service and was performing well. “It’s an entirely different situation,” he said.
0 Comments
Bruce Berkowitz is leaving Sears Holdings‘ board of directors, effective Oct. 31, the company announced Monday morning. Shares of Sears were down more than 4 percent in premarket trade on the news. Berkowitz, who serves as the chief investment manager of Fairholme Capital Management, joined Sears’ board in February of last year. Though, his relationship
0 Comments
Italy began winding up two failed regional banks in June in a deal that committed up to 17 billion euros ($19 billion) of public money and put the lenders’ good assets in the hands of Intesa Sanpaolo. The government will pay 5.2 billion euros to Intesa, and give it guarantees of up to 12 billion
0 Comments
Though Amazon has promised steep discounts at Whole Foods stores, now that it owns the organic supermarket chain, Costco still reigns supreme in the ongoing grocery price wars, according to JPMorgan. “[Costco] offers an unquestioned value prop with the best pricing, curated assortment, strong private label offering, and treasure hunt atmosphere,” JPMorgan analyst Christopher Horvers
0 Comments
A scandal about falsified quality data at Kobe Steel expanded on Friday, as the Japanese steel maker said nine subsidiaries, including several outside Japan, had either failed to carry out required product checks or had lied about the results. Including products sold by the subsidiaries, Kobe Steel said it now estimated that it had shipped
0 Comments
Airplanes and Panamax cargo ships redefined the parcel service in the 20th century, but those days may be fading quickly. Morgan Stanley believes the SpaceX plan for the Big Falcon Rocket as a reusable mode of Earth transportation could change the game for United Parcel Services and FedEx. “The freight transportation business — especially parcel
0 Comments
Gap marks another retailer testing the market for subscription boxes. The apparel company’s baby division has rolled out its subscription offering to the public, Internet Retailer reported. A spokeswoman told the publication that Gap initially launched its program with a limited number of loyal shoppers. Over time, and quietly, it’s been expanded to a wider
0 Comments
Honeywell unveiled a corporate makeover on Tuesday that ties its growth more strongly to aerospace technology — the opposite of what activist investor Third Point Capital has urged since April. The results of the manufacturer’s portfolio review announced before U.S. markets opened said it would spin off its home and ADI global distribution business and
0 Comments
Russia is within its rights to restrict the operations of U.S. media organizations in Russia in retaliation for what Moscow calls U.S. pressure on a Kremlin-backed TV station, a Russian foreign ministry spokeswoman said on Sunday. Russian officials have accused Washington of putting unwarranted pressure on the U.S. operations of RT, a Kremlin-funded broadcaster accused
0 Comments