VF Corp. buys Dickies maker for $820 million

VF Corp. buys Dickies maker for $820 million

15.08.2017

VF Corp . already owns such workwear brands as Wrangler, Riggs Workwear, and Timberland Pro. Together, the companies would have $1.7 billion in annual revenue. Williamson-Dickie is expected to contribute more than 25 cents in EPS by 2021. The parent company of the workwear brand is Williamson-Dickie Mfg. "Today's announcement is an authentic and natural next step as we look to combine the strengths of our two companies to create significant opportunities for our employees, vendors, ...

Target Acquires Tech Company to Expand Same-Day Delivery

Target Acquires Tech Company to Expand Same-Day Delivery

15.08.2017

Target Corporation TGT announced Monday that it is acquiring the transportation tech company Grand Junction to expand its delivery capabilities. The platform also gives retailers visibility of deliveries and tracks carrier performance. And a former Amazon supply chain executive is helping Target get there. According to the company's website, Grand Junction is the only provider of same-day delivery in every market in the USA and Canada, allowing leading retailers, 3PLs, distributors, and ...

World's Best Dota 2 Players Beaten By Artificial Intelligence Bot

World's Best Dota 2 Players Beaten By Artificial Intelligence Bot

15.08.2017

Dota 2 pro lost twice to the bot. OpenAI has been hard at work on a bot capable of beating top professional players at Dota 1v1. The game typically features two teams of five players going head-to-head and reducing matches to a 1 vs.

Barnaby Joyce could be disqualified over dual citizenship

Barnaby Joyce could be disqualified over dual citizenship

15.08.2017

Two members of Australia's parliament , both Greens, resigned this month after discovering they had dual citizenship. He said he was "shocked" to learn from the NZ High Commission that citizenship had been conferred on him via his father, who was born in New Zealand .

Global stocks, USA dollar rise after week of North Korea-driven losses

Global stocks, USA dollar rise after week of North Korea-driven losses

15.08.2017

The pan-European FTSEurofirst 300 index lost 1.06 percent and MSCI's gauge of stocks across the globe shed 0.17 percent. United States equities steepened their losses late in the session after President Donald Trump said his earlier warnings to North Korea may not have been tough enough.

Tech companies lead broad slide in U.S. stocks; oil rises

Tech companies lead broad slide in U.S. stocks; oil rises

15.08.2017

A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalization drop from a record high $61.36 trillion on Monday to $60.43 trillion at the close on Thursday. 'Pretty remarkable, perhaps even extraordinary, considering, ' said Tim Ash, strategist at fund manager BlueBay. High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 percent, Amazon 2.6 percent and Facebook 2.2 percent.

Commonwealth Bank chief Ian Narev to leave amid lender's money laundering woes

Commonwealth Bank chief Ian Narev to leave amid lender's money laundering woes

15.08.2017

The bank's board also recently scrapped short-term bonuses for all senior executives this year in response to the allegations. Commonwealth Bank will refund about $10 million to more than 65,000 customers after selling them unsuitable consumer credit insurance with credit cards, personal loans, home loans and auto loans.

United States stocks end three-day losing streak after rollercoaster week

United States stocks end three-day losing streak after rollercoaster week

15.08.2017

Hong Kong's Hang Seng Index dropped 1.69%, while mainland markets saw the Shanghai Composite dip 1.04%. 'What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it, ' said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

USA stocks close higher, post weekly decline

USA stocks close higher, post weekly decline

15.08.2017

The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion yesterday, as investors again took cover in the yen, the Swiss franc, gold and government bonds. The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,445 as of 10:59 a.m. However, the S&P Bank sub-sector fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits.

Investors rescue embattled SoundCloud with $170 million lifeline

Investors rescue embattled SoundCloud with $170 million lifeline

15.08.2017

The struggling audio-hosting startup SoundCloud has secured a financial lifeline, with two investors putting up nearly $170 million to help the company stay afloat, according to Billboard . This tight connection with the artist community, together with SoundCloud's collection of original recordings and evolving works, attracted Raine's investment, despite the recent layoff of 40 percent of its workforce and speculation that it would run out of money by the end of the year.