Hedge fund pushes online crafts retailer Etsy to explore sale

Hedge fund Black-and-White Capital on Tuesday called on Etsy, an online retailer ofhandmade goods, to explore a sale, saying the U.S. company’s sales growth had slowed while costs had increased. Shares of New York City-based Etsy rose more than 2 percent to...

UK election cannot be about Brexit alone, lobby group warns

Securing a solid Brexit deal will be key for the U.K. but as the country heads into a General Election, British politicians shouldn’t lose sight of the domestic issues facing the economy and its businesses, a business lobby group has warned. “You could...

United CEO testifies to angry lawmakers: ‘I have spent every day thinking about how we got here’

“This is a turning point for United,” United Continental CEO Oscar Munoz said Tuesday during a hearing with The House Transportation and Infrastructure Committee, where he was asked tough questions from a group of lawmakers. “It is my mission to...

The weird theory that turns Trump’s tax cuts for the rich into a middle-class benefit

President Trump’s tax plan, or what we know about it anyway, is a bonanza for rich people. But the administration is still insisting, against all evidence, that it’s a middle-class tax cut. “This is a middle-class tax bill,” Gary Cohn,...

Coach shares jump 8 percent on profit beat, as M&A rumors still stir

Coach’s strategy to cut back on discounting its products in the U.S. is paying off and finally showing up in the handbag maker’s bottom line. With Wall Street encouraged by the improved performance and possibility the company could start to shift from...

Retailers may prevail over banks in fight over limits on debit card transaction fees

As a Dodd-Frank replacement bill heads to the cutting room Tuesday, one controversial provision looks likely to end up on the floor: the repeal of the Durbin Amendment, which caps the transaction fees that debit card issuers can charge merchants.The House Financial...