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Wal-Mart’s next move against Amazon: More warehouses, faster shipping

October 6, 2016 by · Leave a Comment 

By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail. The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of…

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Wal-Mart’s next move against Amazon: More warehouses, faster shipping

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Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

October 6, 2016 by · Leave a Comment 

Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month

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Asia stocks up on solid U.S. data, gold hit by stimulus taper fears