SECAUCUS, N.J. — Here, shoppers can browse engagement rings, tennis bracelets and pendant necklaces displayed behind glass. Then, they can walk a few yards to grab milk, cereal or socks. Welcome to Walmart. During recent inflation, the world’s largest retailer attracted new and higher-income shoppers with cheaper groceries. Now, it’s trying to cater to that … Read more
National Australia Bank will close five branches next year, the bank has confirmed. NAB retail executive Krissie Jones said the branches to be closed on March 7, 2024 are Tuggeranong in ACT, Scone in NSW, Emerald in Greater Melbourne, Runaway Bay on the Gold Coast and Balmain in Sydney. She said the closures were a … Read more
Image: Volkswagen Volkswagen Group, owner of the U.S.-based EV charging infrastructure operator Electrify America, has finally announced its commitment to the North American Charging Standard (NACS, also known as the Tesla charger) beginning in 2025 for many of its brands. The company said it will also explore adapter options so preexisting electrified vehicles can charge … Read more
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the … Read more
A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales. The company said it expects a low-single-digit decline in revenue … Read more
ESG investing, which stresses environmental, social and corporate governance yardsticks when building a portfolio, has long struggled with a lack of transparency and differing metrics across companies — making it difficult for investors to gauge the impact of their investments. Now, San Francisco-based asset manager Newday Impact Investing believes that using what it calls an … Read more
DETROIT – General Motors has cut the size of its Buick dealership network roughly in half in the U.S. through an ongoing voluntary buyout program, an executive told CNBC. The 1,000-store reduction aims to increase the amount of sales per location, or throughput, and profits at the remaining dealers, according to Duncan Aldred, global head … Read more
Southwest Airlines ranked as the second best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines and its pilots’ union have reached a new preliminary labor agreement, ending months of tense negotiations and becoming the last of the largest U.S. airlines to strike a deal that is … Read more
Buy now pay later business Openpay has been put into voluntary liquidation nine months after halting services to customers. A notice has been issued for a virtual meeting of creditors on December 5 with Simon Cathro appointed as administrator, according to ASIC. The collapse of Openpay began in February when the company announced customers could … Read more
JACI-PARANA, Brazil — Meat processing giant JBS SA and three other slaughterhouses are facing lawsuits seeking millions of dollars in environmental damages for allegedly purchasing cattle raised illegally in a protected area in the Brazilian Amazon. The lawsuits, filed December 5 to 12 by the western Brazilian state of Rondonia, target the exploitation of a … Read more
