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.

 
LVMH Close to Deal for Hotel Operator Belmond 
 

French luxury-goods company LVMH Moet Hennessy Louis Vuitton is close to a deal to acquire Belmond, a London-based owner and operator of high-end hotels around the world.

 
Lucy Peng to Step Down as CEO of Alibaba's Lazada 
 

Longtime Alibaba executive Lucy Peng is stepping down as chief executive of the e-commerce giant's Lazada Group after nine months on the job.

 
Tencent's Roster of IPOs Doesn't Live Up to the Hype 
 

Tencent Holdings, one of China's most influential companies, is also one of the most active technology investors, backing some of the world's biggest initial public offerings. But the technology giant's support doesn't make these deals a sure thing for investors.

 
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.

 
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 Inc. is betting that sustained demand from U.S. corporate customers and technology buyers in emerging markets will drive another year of revenue growth above 20%.

 
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.

 
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.

 
Volkswagen CFO: Cautious About Trade, Optimistic About China 
 

Volkswagen's finance chief discusses the global challenges his company faces, including the uncertainty surrounding trade disputes and Brexit.

 
 

(END) Dow Jones Newswires

December 14, 2018 01:15 ET (06:15 GMT)

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