Bloomberg Walmart Inc’s Jetblack, a personal-shopping service for busy urban families, will cease operations on February 21, according to a company spokesman. The brainchild of Walmart’s online chief Marc Lore, Jetblack will be integrated into the parent company’s operations and its technology applied to other parts of the retailer. Nearly 300 employees will be let go as part of the ...

Bloomberg Kraft Heinz Co, the iconic food giant created in a merger five years ago, was downgraded to junk by two credit raters, raising fresh worries among investors that a slowing economy could threaten the broader corporate bond market. The packaged-food company was cut one level to BB+ by S&P Global Ratings, following Fitch Ratings last week. It will now ...

Bloomberg Saks, Gucci, Louis Vuitton and other luxury retailers were accused in a lawsuit of agreeing to not hire sales clerks from each other’s stores in violation of US antitrust law. The companies conspired to enter into “no-hire agreements” that prohibit them from hiring employees who have worked within six months for rival brands, according to the complaint filed last ...