New York / AP Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores after it was unable to adapt to consumers’ move online. The sports retailer had originally only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them. The Englewood, ...
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Bloomberg Bombardier Inc. has removed from its production schedule an order for C Series aircraft placed six years ago by bankrupt Republic Airways Holdings Inc. Republic agreed in February 2010 to 40 firm orders and 40 options for the CS300 model, with deliveries initially scheduled to start in 2015. While the firm orders remain in the planemaker’s backlog, removal ...
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New York / AFP Wal-Mart and some smaller retailers surged following strong quarterly results, while the broader US market retreated on worries about higher interest rates. Wal-Mart Stores jumped 9.6 percent after reporting better-than-expected first-quarter earnings. Sports apparel and equipment chain Dick’s Sporting Goods and youth-oriented apparel chain Urban Outfitters soared 8.6 percent and 14.0 percent following earnings. The results ...
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Hillsboro /Â AP A high-flying drone that will be used to test precision agriculture methods made its inaugural flight in North Dakota amid handshakes and smiles from aircraft operators and farm officials. The Israeli-manufactured Elbit Systems Hermes 450 aircraft took off from the Hillsboro airport to start a summer-long project that will take pictures of farmland in the fertile Red ...
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SAN FRANCISCO / AP Apple is getting ready to unveil a stylish new product that’s not for sale — a new look for its stores. The iPhone maker is overhauling its nearly 480 stores worldwide, starting with its new two-storey location in San Francisco. Apple provided a glimpse of its revised approach to retailing, the 15th anniversary of the ...
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Los Angeles / AFP Bernard Minor spent 26 years behind bars for murdering a drug dealer who owed him US$400. Now, the ex-con spends his days teaching others to keep their rage in check, one of the swelling ranks of America’s anger therapists. “I was a very angry person,†the 58-year-old said. “I’d been living a violent life. Living ...
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Our Correspondent/ Emirates Business Founded in 2003 by Azad Omar, Kabab Erbil Iraqi Restaurant is an Iraqi fine dining restaurant operating in the city of Dubai, UAE. Serving over 3,000 customers per week, the restaurant has become incredibly popular for its authentic Iraqi dishes and oriental setting in the restaurant, which leaves the customer with a unique experience. “In ...
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Our Correspondent / EMIRATES BUSINESS Sawaya International LLC is Morgan Taylor’s Middle East master exclusive distributor, specialised in professional beauty products covering salons and spas market. Brands selection based on quality of products, professionalism in distribution with 25 years’ experience and loyal clients network made Sawaya Int’l LLC successful in its business. With a leading market share in the ...
Read More »ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, called the Egyptian President, Abdel Fattah El Sisi, to express his sincere condolences for the victims of the EgyptAir passenger plane crash in the Mediterranean on its flight from Paris to Cairo. HH ...
Read More »ABU DHABI / WAM Helal Mohammed Al-Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry and Riitta Swan, Ambassador of Finland to the UAE discussed ways to enhance trade and investment co-operation between the Emirate of Abu Dhabi and Finland. During a meeting here in Abu Dhabi, Al-Hameli reviewed the services and facilitations provided by ...
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