Business

Dropbox said to file confidentially for initial offering

Dropbox said to file confidentially for initial offering

Dropbox's main competitor, Box Inc, was valued at roughly $1.67 billion in its IPO in 2015, less than the $2.4 billion it had been valued at in previous private fundraising rounds. and JPMorgan Chase & Co.in the first half of this year, Bloomberg reported. The two lead banks have a history of working with Dropbox. Dropbox has more than 500 million users in more than 200 countries.


Britain's M&S feels heat from mild October as sales stumble

Britain's M&S feels heat from mild October as sales stumble

The setback for food looked especially disappointing given that the grocery sector overall was emerging as a victor from the festive period - with upmarket rival Waitrose and supermarket giant Tesco both enjoying strong food revenues. As with other retailers in the UK, Tesco is battling rising costs linked to devalued sterling, falling consumer confidence and increasing competition from discounters Lidl and Aldi.


Woman returns dead Christmas tree to Costco, gets full refund

Woman returns dead Christmas tree to Costco, gets full refund

She showed up at Costco and demanded a full refund because her tree was dead. She was snapped at the till of the store in Santa Clara, California, by unimpressed shopper Scott Bentley, who was stuck in a queue behind her. The warehouse club allows members to return nearly anything they've purchased at any time for a full refund (there is a 90-day limit on electronics).


Walmart raises starting wages, handing out bonuses

Walmart raises starting wages, handing out bonuses

Walmart is likely to save billions of dollars from the new tax law, which slashed the corporate tax rate to 21% from 35%, and the wage hikes will cost the retailer only a fraction of those gains, analysts said . Hourly workers will be paid between $11 and $24.70 an hour. The company said its new wage hike will be effective for the February 17 pay cycle. Walmart employs about 2.2m people globally, with more than 1.5m in the United States, and had total global revenue of almost $500 billion ...


New York City suing major oil companies over global warming

New York City suing major oil companies over global warming

In short, NY needs to act fast to protect itself from the inevitable impacts of climate change - a reality that countless cities and countries around the world are forced to come to terms with. "Today Mayor de Blasio turned his back millions of first responders, police officers and public employees who depend on their pensions to provide for themselves and their families in retirement", said Karen Moreau of the American Petroleum Institute, the largest USA oil and gas lobbying group.