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Why J. Crew is taking on off-price giants like T.J. Maxx, Nordstrom Rack

2015-07-13 22:39:31| Apparel - Topix.net

Amid declining revenues at its flagship brand, J.Crew Group is adding a new, lower-priced division of retail stores to be called J. Crew Mercantile in a move that echoes other retailers' efforts to appeal to consumers looking for bargains. The first store is set to open in late July at The Shops at Park Lane in Dallas, with more stores planned for 2015 and 2016, although the precise number was not disclosed when the news was announced Friday.

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U.S. Goes After $300 Million in Alleged Bribes Paid by Russian Telecoms Giants

2015-06-30 17:18:52| Telecom - Topix.net

The U.S. has filed to seize $300 million in alleged bribes that it claims were handed over by two major Russian telecoms firms to a close relative of Uzbek President Islam Karimov in exchange for access to the Uzbek telecoms market, news agency Bloomberg reported Tuesday. The complaint filed by the U.S. Justice Department in a Manhattan federal court on Monday claims that leading Russian mobile phone operator MTS and fellow telecoms major VimpelCom - owned in part by Russian billionaire Mikhail Fridman - bribed a relative of Karimov's, the report said.

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Food & Beverage Giants Highlight This Week's Earnings

2015-06-29 06:55:50| Beverages - Topix.net

The week leading up to the Fourth of July holiday will be another quiet one on the earnings front. The new earnings season does not kick off until Alcoa and PepsiCo report their second-quarter results after Independence Day.

Tags: food weeks highlight earnings