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International Business

  • Report – Alibaba security flaw potentially exposes user info to hackers

    Hangzhou, China – A security flaw in AliExpress, an online marketplace that allows international consumers to make purchases on the Alibaba e-commerce platform, reportedly could have exposed personal information of millions of users to hackers. According to CNBC, Israeli security AppSec Labs discovered the flaw, which would have allowed hackers to alter orders and also gain access to customer personal and financial data, not including credit card numbers.  

  • Walmart finance exec writes U a big check

    University of Arkansas alumni Ann and Gene Bordelon have contributed $100,000 to establish the Faculty Innovation Endowed Fund for the benefit of the Sam M. Walton College of Business.

  • Report – EBay may cut thousands of jobs in 2015

    San Jose, Calif. – EBay Inc. is reportedly considering cutting up to 3,000 jobs early in 2015. According to the Wall Street Journal, the staff reductions would primarily occur in the EBay Marketplace unit as the company prepares to spin off its PayPal unit.   

  • CBRE Group launches global brand positioning

    Los Angeles - CBRE Group, Inc. has launched a new global brand positioning along with a platform to express the positioning inside and outside the company, Build on Advantage.   “With our new positioning, we have created an organizing principle for the brand that supports our core strategy of producing distinct advantages for all of our stakeholders, and have united our professionals around this aspiration,” said Bob Sulentic, CBRE’s president and CEO.  

  • Toys 'R' Us mum on Q4 outlook

    Expense control and a more rational promotional environment helped Toys “R” Us reduce the size of its third quarter operating loss but the company had little to say about its outlook for Christmas sales and profits.

  • McKenna joins Foran to drive Walmart’s U.S. growth

    The globalization of Walmart’s domestic operations continued this week with the appointment of Judith McKenna to the role of chief operating office for Walmart U.S.

  • Lululemon Q3 earnings fall on costs; raises concerns for fourth quarter

      Vancouver, Canada – Net earnings at Lululemon Athletica Inc. fell 8% to $60.45 million in the third quarter of fiscal 2014 from $66.11 million a year earlier to increases in selling, general and administrative (SG&A) expenses and cost of goods sold.    Net revenue fared better, rising 10% to $419.4 million from $379.9 million. Same-store sales fell 3% but total comparable sales, including direct-to-consumer revenue, climbed 3%.

  • Report: Wal-Mart China hid real performance, inflated sales

    New York - Wal-Mart Stores Inc. has reportedly discovered discrepancies in accounting practices its China business was using that made performance look better than it really was. According to Bloomberg, shifty accounting practices included making unauthorized bulk sales to other retailers and even booking non-existent sales. 

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