Deere & Co. had a surprisingly strong first quarter after an extended period in which the tractor and construction equipment maker was bruised by the ongoing trade war between the United States and China. “Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” CEO John May said in a prepared statement Friday.
Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more comfortable styles.
Ongoing uncertainty about the effects of Brexit is pushing an increasing number of foreign companies to set up offices in the Netherlands, the Dutch government said Wednesday. Since the 2016 referendum on Britain leaving the European Union, 140 businesses have established a presence in the Netherlands, with 78 shifting operations there last year.
Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the year and a rare quarterly miss, its worst in about five years.
President Donald Trump went on a clemency blitz Tuesday, commuting former Illinois Gov. Rod Blagojevich's 14-year prison sentence and pardoning former New York City police commissioner Bernie Kerik, among a long list of others. Those who got a break from Trump include financier Michael Milken, the “junk bond king” who served two years in prison in the early 1990s after pleading guilty to violating U.S. securities laws, and Edward DeBartolo Jr., the former San Francisco 49ers owner convicted in a gambling fraud scandal after building one of the most successful NFL teams in history.
Shares of Bed Bath & Beyond moved sharply higher at the opening bell Wednesday after executives rolled out a raft of initiatives to turn the struggling chain around. Six weeks after using the company's own dismal quarterly results as motivation for change, new CEO Mark Tritton said late Tuesday that Bed Bath & Beyond would spend $1 billion this year reinvesting in stores, upgrading technology, and on debt reduction and share buybacks.
Vegetables rotting in the fields, food going unprocessed, the elderly and disabled left without care. That’s the alarming picture painted by some British employers about the impact of new U.K. immigration rules set to be introduced in less than a year. Farms, food factories and care homes said Wednesday that they will face severe labor shortages under the government's plans to open Britain to skilled and educated immigrants while shutting out those its deems “low-skilled” workers.
Projects to reduce the risk of wildfires and protect water sources in the U.S. West have created jobs and infused more money in local economies, researchers say, and they were funded by a partnership between governments and businesses that has become a model in other countries.
Cannabis companies are using a loophole in Colorado’s strict limits on marijuana advertising by sponsoring state highways and putting their names on roadside signs. Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to the Adopt a Highway Maintenance Corporation.