Target Revamps Supply Operations
Target hired an Amazon.com executive to lead a supply chain transformation that must grapple with merged online and store operations and customize offerings in many locations.
Oil prices rose Monday on signs that U.S. drilling activity is hitting new lows, though new federal data showed that declines in U.S. oil production slowed in December.
The U.S. economy looks to be off to a solid start to the year after ending 2015 on a sour note, with consumer spending showing signs of a pickup and the fourth quarter’s initial growth reading looking a bit better than thought.
Reeling from the drop in world oil prices, Mexico’s state oil company Petróleos Mexicanos will cut 100 billion pesos ($5.5 billion) from its budget this year, Chief Executive José Antonio González Anaya said Monday.
The European Union approved Dell’s purchase of data-storage company EMC, clearing an important hurdle for one of the largest technology-industry takeovers to date.
Employee tensions at Golden Dragon’s first U.S. factory are providing a cautionary tale for the rising number of Chinese firms making acquisitions or setting up American operations.
China National Chemical wants $30 billion in loans to finance its $43 billion acquisition of Swiss pesticide and seed company Syngenta, and banks are lining up to write checks.
The European Union and Canada agreed Monday to amend controversial investment protection rules as part of a sweeping free-trade deal, clearing a key long-standing hurdle and paving the way for the trans-Atlantic accord to come into force next year.
Sysco said it is eliminating 1,200 jobs and abandoning a yearslong technology overhaul in an effort to accelerate profit growth.
Dismal holiday results from retailers are forcing executives across the industry to shrink or adapt their stores and rethink the cost of growing their online operations.
Ford is investing $145 million in its Cleveland engine plant to ramp up production of its second-generation EcoBoost engine family for the F-150 lineup amid soaring demand for its pickups.
Perdue Farms, the No. 3 U.S. poultry producer, plans by June to eliminate antibiotics used in chicken it sells as nuggets and strips, escalating a nascent industry response to concerns about such use.
India requires foreign retailers to acquire products locally, which, along with red tape and substandard manufacturing practices, has stymied the furniture seller’s expansion.