$10 billion in sales up for grabs because of retail bankruptcies

$10 billion in sales up for grabs because of retail bankruptcies

Jeff Gennette, chairman and chief executive officer of Macy’s Inc. Mark Kauzlarich | Bloomberg via Getty Images Macy’s chief sees $10 billion in sales up for grabs because of the flood of retail bankruptcies taking place and accelerated due to the...
Macy’s (M) sees Q1 loss of up to $1.1 billion

Macy’s (M) sees Q1 loss of up to $1.1 billion

Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it...
US gives AstraZenena $1 billion for Oxford vaccine

US gives AstraZenena $1 billion for Oxford vaccine

AstraZeneca, South San Francisco, California, April 11, 2020. Smith Collection/Gado/Getty Images AstraZeneca has received more than $1 billion from the U.S. Health Department’s Biomedical Advanced Research and Development Authority (BARDA) to develop a...
Walmart winds down Jet.com four years after $3.3 billion acquisition

Walmart winds down Jet.com four years after $3.3 billion acquisition

An employee double checks the contents of a customer order before sealing the package for shipment at the Jet.com fulfillment center in Kansas City, Kansas. Daniel Acker | Bloomberg | Getty Images Four years ago, Walmart made a pricey bet on its e-commerce future. It...