Business News

  • U.S. shoppers browse stores, buy online as Black Friday deals beckon

    CHICAGO/NEW YORK (Reuters) - U.S. stores offered deep discounts, entertainment and free gifts to draw bargain hunters on Black Friday, the traditional start of the holiday shopping season, but some shoppers said they were just eyeing goods, reserving their cash for online purchases.

  • Tech leads S&P above 2,600; Amazon, other retail stocks gain

    (Reuters) - Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season.

  • Holiday cheer boosts Amazon, Macy's and other retail stocks

    SAN FRANCISCO (Reuters) - Shares of Amazon.com Inc , Macy's Inc , Kohl's Corp and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years.

  • 'Stealth hedging' shows investors not so complacent

    NEW YORK (Reuters) - With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent.

  • Online sales? Maybe one day, says Chanel

    PARIS (Reuters) - France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world's last hold-outs as rivals experiment with websites to win over new clients.

  • Uber to disclose price on SoftBank deal early next week: sources

    SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp <9984.T> as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors, two people familiar with the plans said on Friday.

  • Europe's retailers tempt shoppers with Black Friday deals

    LONDON (Reuters) - Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the U.S. looked set to outdo last year.

  • SandRidge shares surge as Icahn opposes Bonanza bid

    (Reuters) - Shares of SandRidge Energy jumped 14.2 percent on Friday, after activist investor Carl Icahn disclosed a big stake in the oil and gas producer and said he would oppose its $746 million bid for rival Bonanza Creek Energy.

  • U.S. regulator preparing to sue Santander bank over auto loans: sources

    WASHINGTON (Reuters) - A leading U.S. consumer watchdog is preparing to sue Santander bank [SOVBAN.UL] alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday.

  • Uber seeks to appeal UK workers' rights decision at Supreme Court

    LONDON (Reuters) - Uber submitted a request to appeal to the Supreme Court a decision by a British tribunal which said its drivers deserved workers' rights such as the minimum wage, the taxi app said on Friday.

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