Sears Goes Under and Sales Go Up

The retailer, which has filed for bankruptcy protection, attributed a 4.3% rise in comparable sales to liquidations at stores that it is closing. Still, total revenue fell 23% and its loss widened.

 
Battle Over Shareholder Suits Pulls In J&J

Johnson & Johnson is being drawn into a battle over how much freedom shareholders have to sue companies, in a bid by lawsuit opponents to force regulators to pick sides over investors' access to the courts.

 
Adobe Raises Revenue Forecast

Adobe Systems raised revenue targets for 2019, saying it now expects to deliver about $11.15 billion in revenue and its high-margin digital-media business to add about $1.45 billion of recurring revenue.

 
Sales Rise at Costco, but Fall Short of Expectations

Costco Wholesale sales surged in its latest quarter, as the warehouse chain continued to benefit from a strong economy and shopper interest in everything from bulk toilet paper to discounted branded clothes.

 
Foreign Toys 'R' Us Businesses Win Approval of Chapter 11 Plan

Toys "R" Us Inc. and some foreign subsidiaries got approval Thursday for their joint chapter 11 bankruptcy plan, which includes the $760 million sale of the Asian business.

 
New Treasury Rules Extend Tax Relief to Foreign Banks

The Treasury Department proposed rules to implement a piece of last year's tax law known as the Base Erosion and Anti-Abuse Tax, or BEAT. The rules define key terms and provide exceptions that companies have been seeking.

 
Starbucks to Offer Coffee Delivery Across U.S.

Starbucks plans to expand coffee delivery across the U.S. with UberEats as part of a broader strategy to try to reach more customers.

 
Investor Paulson Deposes Five Detour Gold Board Members

The hedge fund veteran scored a win in his six-month proxy battle with Canadian mining company Detour Gold by overthrowing the bulk of its board.

 
Whole Foods, Instacart Go Separate Ways

The move comes as the grocery store's owner Amazon is trying to expand its own delivery services.

 
Deutsche Bank Faces Fresh Calls for Scrutiny in Congress

Two Democratic senators called for an investigation into Deutsche Bank, citing probes into the German lender's activities in Russia and its role in recently surfaced money-laundering probes.

(END) Dow Jones Newswires

December 13, 2018 19:15 ET (00:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.