Monthly Archive: April 2018

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Amazon cuts a deal with Best Buy, broadens global reach

SEATTLE — Amazon is expanding its dominance globally by giving overseas customers access to more than 45 million items via its app. The online powerhouse also announced Wednesday that it’s teaming with rival Best Buy on new Fire TV Edition smart TVs. Amazon.com Inc.’s “International Shopping” will be available through a mobile browser or app […]

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Liquidation firms win bid for The Bon-Ton Stores

NEW YORK — The end is near for department store operator The Bon-Ton Stores. Two liquidation firms are the victors of an auction for the bankrupt company’s assets, after the retailer failed to find a bidder willing to continue operating the business. A bankruptcy court hearing is scheduled for Wednesday to approve the sale and […]

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Morgan Stanley posts record 1Q profit, helped by trading

NEW YORK — Morgan Stanley’s first-quarter profits hit a record high, helped by a lower tax bill and a boost in revenue from last quarter’s volatile markets. The New York investment bank reported a profit Wednesday of $2.67 billion, or $1.45 per share, compared with a profit of $1.93 billion, or $1.00 a share, in […]

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UK hopes former colonies can give trade boost after Brexit

LONDON — After decades of sidelining the Commonwealth as a relic of their imperial past, many in Britain are now promoting the group of ex-colonies as a ready-made market for what they hope to be the country’s buccaneering global business spirit after the exit from the European Union. It’s unlikely to be that easy. At […]