BusinessLatest Business and Company Updates
J.C. Penney's quarterly comparable sales fall 0.8 percent
J.C. Penney Co Inc (JCP.N) reported a 0.8 percent fall in quarterly comparable store sales on Friday, reflecting weak store traffic, increased price competition from online and off-price retailers and a general shift away from spending on apparel.Analysts on average had expected Penney's same-store sales to increase 2.7 percent in
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AD Ports to Contribute $30M to Kazakhstan Grain Terminal
AD Ports Group, a leading player in the global ports and logistics sector, has announced a major investment of $30 million in the construction of a greenfield grain terminal in Kazakhstan. The total investment for the project is expected to
Asian shares at four-month high, dollar soft after nonchalant Fed
TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes.While strong economic data
'Hard' Brexit most likely outcome for UK leaving EU, says S&P
LONDON A "hard" Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country's plan to leave the bloc, ratings agency Standard & Poor's said on Friday.Britain will
