Category: Retail & Ecommerce

Exclusive: Behind Airbnb’s bet on show business to hook travelers

WallStreetReview
Exclusive: Behind Airbnb’s bet on show business to hook travelers
SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet customers’ appetite for travel, four... Read More

Australian retail shareholder group says to vote against AMP pay proposals

WallStreetReview
Australian retail shareholder group says to vote against AMP pay proposals
SYDNEY (Reuters) – Australia’s most prominent retail shareholder group said on Wednesday it will vote against AMP Ltd’s executive pay proposals for a second straight year, adding to pressure on the board of the country’s largest listed wealth manager. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia,... Read More

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

WallStreetReview
Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
(Reuters) – Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal nutrition factory in Lucens, Switzerland,... Read More

EBay raises forecast as redesign draws customers, boosts ad revenue

WallStreetReview
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach The company, facing intense competition from Amazon.com Inc and Walmart Inc,... Read More

Walgreens, Rite Aid to sell tobacco products to customers above 21 years

WallStreetReview
Walgreens, Rite Aid to sell tobacco products to customers above 21 years
FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed (Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp said on Tuesday they would sell tobacco products to customers who are at least 21 years old, amid a crackdown on teenage tobacco use. U.S. Senate... Read More

EBay’s strong quarter, robust forecast send shares 5% higher

WallStreetReview
EBay’s strong quarter, robust forecast send shares 5% higher
(Reuters) – EBay Inc beat analysts’ quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracts more customers. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach Shares of the company, which is... Read More

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains

WallStreetReview
Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville... Read More

EBay beats quarterly revenue estimates

WallStreetReview
EBay beats quarterly revenue estimates
FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach (Reuters) – EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracted more customers. The company reported net revenue of $2.64 billion for the first... Read More

World stocks rally, near U.S. record highs, oil gains

WallStreetReview
World stocks rally, near U.S. record highs, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Wall... Read More