Swedish fashion retailer Hennes & Mauritz AB said it's increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4 billion. Operating profit fell 62 percent to the lowest level in 16 years as inventory rose to 17.6 percent of sales in the first quarter. The stock
See Original Article

As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia. Helped by the deep pockets of SoftBank Group Corp., Grab emerged the winner on Monday when Uber agreed to swap its business in
See Original Article

Shareholders won't complain about Elon Musk's massive stock award if he drives a tenfold increase in Tesla's stock price.
See Original Article

In a split 5-to-4 vote on a resolution to adopt Tennessee's 1957 County Budgeting Law, the commission reversed its February decision to establish a central office for accounting procedures for all county offices with the exclusion of schools. Eric Hall, with the University of Tennessee's County Technical
See Original Article

Stocks sailed to a strong finish Monday as concerns over a trade war abated. The Dow Jones industrial average climbed 669 points, or 2.8 percent, and closed at 24,202.60 as the markets took a deep breath – then exhaled – over concerns that a trade …
See Original Article