Walmart unwraps latest weapon in Amazon war

The latest weapon in Walmart’s arsenal against Amazon.com — a private label brand from Jet.com, its e-commerce unit — is up and running.The brand, called Uniquely J, launched on Friday with more than 50 items ranging from 1 lb. of organic fair trade coffee for $9.99, a 146 oz. jug

How can I gain access to my own money?

Dear John: Can you help me?I have had a $39,000 annuity with TIAA-CREF for many years. Now I am in financial distress.I am an 87-year-old retired schoolteacher from Rockville Center.I’ve been told I can retrieve some of this money only for legal bills or funeral expenses. What do you think?

How has the market survived in this global climate?

Dear John: I really enjoy reading your columns and believe you have a real handle on this stuff.I have been following the markets since 1986 and have been sitting in front of four screens since 1992. I am scratching my head in amazement as we continue to churn higher

“Indie’ skin-care brand snags high-profile fans

Oars + Alps is the latest “indie” skin-care brand to chase the increasingly lucrative $50 billion men’s grooming products market.The barely 2-year-old e-tailer has already raised $2 million in funding and snagged high-profile fans like John Legend and Jake Gyllenhaal.The brand’s founders — Mia Saini Duchnowski and Laura Lisowski Cox

Al Smith dinner rakes in $3.4M for Catholic charities

A fresh new high for the Dow was not the only record last week.The surging fortunes due to Wall Street’s manic rise trickled down to the Alfred E. Smith Memorial Foundation Dinner, a fundraiser hosted by Timothy Cardinal Dolan, as House Speaker Paul Ryan skewered New York’s political elite on

Now you can buy a small house on Amazon

Need a house? Just click your mouse three times and say “There’s no place like home.”A building company is now selling actual houses on Amazon that anyone can purchase online–but they are not your average humble abode.The tiny houses, sold by MODS International, are fashioned out of shipping containers and

Can Abercrombie & Fitch make millennials fall back in love with them?

Sex no longer sells.With its heavily perfumed boutiques and attractive, barely clothed adolescent sales staff, Abercrombie & Fitch ruled the aughts. But the Ohio-based apparel brand has struggled recently as millennial tastes evolved and e-commerce boomed. It posted a $15.5 million loss in its most recent quarter and plans to

Walmart’s unwraps latest weapon in Amazon war

The latest weapon in Walmart’s arsenal against Amazon.com — a private label brand from Jet.com, its e-commerce unit — is up and running.The brand, called Uniquely J, launched on Friday with more than 50 items ranging from 1 lb. of organic fair trade coffee for $9.99, a 146 oz. jug

General Electric misses big on earnings

General Electric Co.’s third-quarter profit missed Wall Street estimates by a wide margin Friday and the industrial conglomerate slashed its earnings forecast, sending the year’s worst-performing Dow stock down another 3 percent.The results signaled the depth of problems confronting new chief executive John Flannery as he tries to make the

Apple’s iPhone X nightmare: A dire shortage of the devices

You’re going to need a whole lot of luck if you want to get your hands on an iPhone X when it comes out on Nov. 3.Apple’s top tier smartphone will only have 2-to-3 million handsets available worldwide when it hits store shelves next month, one Wall Street analyst forecast

Wall Street furious at proposed 401(k) limits

Wall Street pushed back hard on Friday against a report that congressional Republicans are weighing a plan to severely limit the amount of money Americans can contribute to their 401(k)s.The Capitol Hill lawmakers, searching for ways to pay for President Trump’s broad proposed tax cuts, are eyeing a $2,400 cap

Beauty product leader Amway big loser in tax-code rewrite

As lawmakers in Washington work on a plan to rewrite the tax code, Amway, a global leader in health and beauty products, is turning out to be a big loser.A rider limiting regulatory oversight of Amway and other multi-level marketers that was originally attached to a budget resolution was removed

Hedge funder says Puerto Rico is better off with massive debt

Expunging Puerto Rico’s massive debt load is “impractical” and will harm the island more than help it, according to one hedge fund investor.Erasing the debt will hurt not only the hedge funds that own the debt but will also have a “devastating effect” on Puerto Ricans who own the debt,

$417M award against Johnson & Johnson tossed in cancer suit

LOS ANGELES — A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for feminine hygiene.Los Angeles County Superior Court Judge Maren Nelson granted the company’s request for a new trial, saying

Apple’s iPhone X nightmare: A dire shortage of the devices

You’re going to need a whole lot of luck if you want to get your hands on an iPhone X when it comes out on Nov. 3.Apple’s top tier smartphone will only have 2-to-3 million handsets available worldwide when it hits store shelves next month, one Wall Street analyst forecast

MSG would do better without Rangers, Knicks: investor

The Knicks and Rangers aren’t the only franchises at Madison Square Garden not playing up to their potential, one Wall Street investor said Thursday.The Madison Square Garden Co. itself is underperforming — and James Dolan should take decisive action to bring full value to shareholders, according to Samantha Greenberg of

The world’s priciest wine club debuts

The oldest wine store in the US on Thursday uncorked what is likely the most expensive wine club in the world — one that will run you $15,600 a year.That’s $325 a bottle.After getting hit with the super-sized bill, you might need a good drink.Acker Merrall & Condit, which has

Snap cuts workforce, plans to slow hiring

Snapchat’s corporate parent, Snap Inc., has laid off 18 employees from its recruiting division over the last week.The cuts come as the social network looks to slow hiring in 2018.In an e-mail to employees, CEO Evan Spiegel said company leaders would have to make “hard decisions” about underperforming employees, according

Hudson’s Bay Co. CEO is stepping down

Just as business is stepping up for the holiday season, Hudson’s Bay Co.’s chief executive is stepping down, the company announced on Friday. More On: retailers Walmart's unwraps latest weapon in Amazon war De Blasio submits bid for Amazon but doesn't want you shopping there Residential, hotel developments are keeping Brooklyn retail alive Why some shops

Snap cuts workforce, plans to slow hiring

Snapchat’s corporate parent, Snap Inc., has laid off 18 employees from its recruiting division over the last week.The cuts come as the social network looks to slow hiring in 2018.In an e-mail to employees, CEO Evan Spiegel said company leaders would have to make “hard decisions” about underperforming employees, according

Can Abercrombie & Fitch make millennials fall back in love with them?

Sex no longer sells.With its heavily perfumed boutiques and attractive, barely-clothed adolescent sales staff, Abercrombie & Fitch ruled the aughts. But the Ohio-based apparel brand has struggled recently as millennial tastes evolved and e-commerce boomed. It posted a $15.5 million loss in its most recent quarter and plans to shut

Apple has a huge iPhone 8 problem

Apple shares fell 2.4 percent on Thursday following reports out of Taiwan that the tech giant has slashed orders for the iPhone 8 and 8 Plus by nearly 50 percent for the rest of the year.The production cuts are another blow for the brand new iPhone 8, which earlier in

Google leads $1B investment in Lyft

Lyft announced on Thursday that it has raised $1 billion in a financing round lead by Capital G, the investing arm of Google-parent Alphabet.Capital G partner David Lawee is also joining Lyft’s board.The latest funding round puts the ride hailing company’s value at $11 billion.In the investment announcement, Lyft also

Did Goldman CEO hint at a Euro HQ move to Frankfurt?

Sprechen sie Deutsch, Herr Blankfein?Goldman Sachs’ CEO dropped a not-too-subtle hint on Thursday that the bank would be beefing up its business in Germany in the wake of the UK leaving the European Union.“Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot

Walmart fires grandmother for taking dollar she found on floor

An octogenarian Walmart worker was apparently fired for very a ‘petit’ offense — pocketing a dollar bill that someone dropped on the store floor, according to a reports.Frankie Ruffino, 84, of Texas worked as a greeter at a Walmart in Brenham for nearly a decade, but was fired from the

Verizon subscriptions spike after unlimited data offer

Verizon said on Thursday it added 603,000 wireless customers in the third quarter — a better-than-expected total propelled by the offer of unlimited data.The surprise increase buoyed investors — who had expected a continued slowdown in the sector.Verizon shares added 1.2 percent on the news, closing at $49.21 on heavy

Americans are obsessed with joining “wine clubs’

Americans are falling in love with subscription services, allowing “experts” to pick everything from their clothing to their dinners — and more.No where is the enthusiasm for subscription plans more evident than when it comes to wine.“Wine clubs used to be for wine people,” said Jessyca Frederick, founder and CEO

Nutella maker to buy Brach’s parent company

Nutella maker Ferrero Group on Thursday agreed to buy the Ferrara Candy Company, maker of Brach’s — in a deal that sources said will sweeten the odds of its buying Nestle’s US confectionery business.A deal for Nestle’s US operation, which includes the Butterfinger brand, is expected to fetch more than

Congress should have seen Fed’s lending guidance: watchdog

The Government Accountability Office on Thursday said the Federal Reserve’s 2013 guidance limiting leveraged lending should have gone through Congress.The guidance had the effect of tamping down the number of LBOs because financing was choked off.If the measure is forced before lawmakers, it is unlikely to pass, industry sources said.

Google leads $1B investment in Lyft

Lyft announced on Thursday that it has raised $1 billion in a financing round lead by Capital G, the investing arm of Google-parent Alphabet.Capital G partner David Lawee is also joining Lyft’s board.The latest funding round puts the ride hailing company’s value at $11 billion.In the investment announcement, Lyft also