(Reuters) – Shares of Bed Bath & Beyond Inc <BBBY.O> were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street that the retailer’s turnaround would take longer and be much tougher than anticipated. Analysts were hoping the home furnishing chain’s new Chief Executive Officer Mark Tritton […]
Ron Popeil, a made-for-TV inventor and salesman whose infomercial stardom persuaded millions of Americans to buy the Veg-O-Matic, Pocket Fisherman and dozens of other products they had no idea they needed, died on Wednesday. He was 86. He died suddenly at a hospital in Los Angeles, according to a statement from his family obtained by […]
TOKYO (Reuters) – Japan’s Government Pension Investment Fund (GPIF) said on Tuesday it would raise its allocation target for foreign bonds to 25% from the current 15%, marking a shift from unprofitable domestic bonds to foreign assets. The GPIF is world’s largest pension fund and managed 169 trillion yen ($1.5 trillion) worth of assets as […]
