Tag: Department Stores (TRBC)

Amazon pauses police use of its facial recognition tech for a year

(Reuters) – Amazon.com Inc (AMZN.O) on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, halting a business...

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

(Reuters) – The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the...

Alibaba extends its reach in China as coronavirus outbreak opens doors

SHANGHAI (Reuters) – Alibaba Group Holding Ltd is emerging as one of China’s biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand...

As Chinese authorities expand use of health tracking apps, privacy concerns grow

SHANGHAI (Reuters) – China’s health tracking QR codes, which have played a key part in the country’s successful containment of the coronavirus, now look set...

Alibaba’s sales surge as people shop online during lockdown

(Reuters) – Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus...

Gap rushes in more robots to warehouses to solve virus disruption

SAN FRANCISCO (Reuters) – U.S. apparel chain Gap Inc (GPS.N) is speeding up its rollout of warehouse robots for assembling online orders so it can...

How big unions smooth the way for Amazon worker protests

WASHINGTON (Reuters) – Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New...

Exclusive: Baidu considers leaving the Nasdaq to boost its valuation – sources

HONG KONG/BEIJING (Reuters) – Chinese search engine giant Baidu Inc (BIDU.O) is considering delisting from the U.S. Nasdaq and moving to an exchange closer to...

Macy’s warns of up to $1 billion quarterly loss due to lockdowns

(Reuters) – Macy’s Inc (M.N) said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the...

Factbox: Where do Trump and Biden stand on tech policy issues?

(Reuters) – The regulation of big technology companies such as Facebook Inc and Alphabet Inc’s Google has been a hot button issue ahead of the...

Automated delivery cashes in on pandemic-driven demand

(Reuters) – The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open...

Walmart trailed supermarkets amid peak panic-buying: data

LONDON/NEW YORK (Reuters) – Americans increased their visits to supermarkets far more than to Walmart Inc (WMT.N) stores as panic-buying peaked in mid-March, a Reuters...

Indonesia to impose VAT on internet giants from July

JAKARTA (Reuters) – Indonesia will require big internet companies to pay value-added tax on sales of digital products and services from July, a move that...

J.C. Penney has need for speed in bankruptcy, lawyer says

(Reuters) – J.C. Penney Co Inc (JCP.N) needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of...

U.S. funds rush to tech companies and battered energy stocks in first-quarter

BOSTON/NEW YORK (Reuters) – Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the...

J.C. Penney files for bankruptcy protection

NEW YORK(Reuters) – J.C. Penney Co Inc (JCP.N) filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a...

China’s Tesla wannabes risk running out of road in virus-stricken times

HONG KONG/BEIJING(Reuters) – Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock...

EU looks for evidence to rein in U.S. tech giants

BRUSSELS (Reuters) – U.S. tech giants such as Facebook and Amazon could face tougher rules as European Union regulators seek evidence to curb their role...

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list...

Musk’s SpaceX, Bezos’ Blue Origin land contracts to build NASA’s astronaut moon lander

(Reuters) – NASA on Thursday selected space firms SpaceX, Blue Origin and Dynetics to build lunar landing systems that can carry astronauts to the moon...

Exclusive: Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs

NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United...

Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources

(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a...

French court to rule on Amazon union spat as vendors struggle

PARIS (Reuters) – A French court will on Friday decide whether to back Amazon’s (AMZN.O) appeal against an order to restrict the goods it can...

Facebook bets on India with $5.7 billion Reliance deal

NEW DELHI/BENGALURU (Reuters) – Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it...

Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

BENGALURU (Reuters) – Facebook (FB.O) will spend $5.7 billion to take just under 10% of Reliance Industries’ (RELI.NS) digital unit, seeking to roll out services...