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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 13, 2017
Page
18
Thomson Reuters presents a concise 3 month index trend overview detailing performance, movements, and notable shifts. The data highlights sector rotations, volume changes, and key drivers influencing short term market direction.
Wal-Mart Stores Inc expanded its online strategy by acquiring ModCloth and Jet.com and launching two day free shipping on 35 plus items. It also rolled out in store app integrations and bought Shoebuy.com Moosejaw.com while forming Store No 8 to foster new online ventures. Analysts note Wal-Mart remains the No 2 online retailer after Amazon and aims to capture more of the growing e commerce market.
BlackBerry is awarded 814.9 million in refunds from Qualcomm in arbitration, boosting cash to about 1.7 billion as it pivots to software and security products. The company argued prepaid licensing fees were due back after sales declined, aiding growth and potential acquisitions.
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