BUSINESS

Kohl's Could Boost JCPenney

JCPenney will close some stores in phases as part of its restructuring
JCPenney's proposed acquisition of Kohl's could lift the ailing retailer up, but it may not help it rise again.
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Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O'Leary/Pool via

USTR Suspends Ukraine IP Rights Investigation

The United States has suspended a trade review of Ukraine's intellectual property practices due to Russia's invasion and removed oil exporters Saudi Arabia and Kuwait from watch lists due to improvements in their protections of IP rights.
Meta and Facebook logos are seen in this illustration taken February 15, 2022.

Facebook Heads For Dismal Quarter As Advertisers Unfriend

Facebook-owner Meta Platforms Inc is expected to report its slowest quarterly ad revenue growth in a decade on Thursday, as businesses pull back on ad spending against the backdrop of soaring inflation worldwide and the war in Ukraine.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Wall Street Ends Higher Supported By Microsoft

The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Microsoft And Visa Fuel Rebound On Wall Street

Wall Street bounced back on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa boosting investors who have been about fretting about slowing global growth and rising interest rates.

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