Sterling Silver Teddy Bear Cufflinks - Sales

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(Reuters) - Macy’s Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year’s initial hiring, and deploy more hands to cater to the avalanche of online orders expected in the shopping period. The department store chain said 23,500 seasonal workers would be employed at its online fulfillment centers across the United States, 5,500 more than last year. The rest of the hires would be based in call centers, shop floors at Macy’s and Bloomingdale’s and will support the company’s annual Thanksgiving Day Parade in New York.

Seasonal hiring plans of retailers indicate their sales expectations for the holiday season, which starts a day after Thanksgiving and continues into early January, and accounts for nearly a third of their annual sales, The company, like its department store peers, has been investing heavily to beef up its online presence and lure back shoppers who had shifted to rivals such as e-commerce giant Inc, Macy’s online business sterling silver teddy bear cufflinks clocked double-digit growth in the second quarter, with sales through its mobile app rising more than 50 percent in the first half of its fiscal year from a year earlier..

Last September, Macy’s said it would hire 80,000 temporary workers, but added 7,000 in December following strong Black Friday sales. “There’s a lot of optimism among retailers for the holidays, but a lot of them are waiting for after Thanksgiving to assess exactly what they need in terms of temporary hires,” Neil Saunders, Managing Director of GlobalData Retail said. Peer Kohl’s Corp said in June it would begin hiring seasonal workers for the back-to-school, fall and holiday seasons “earlier than ever.”.

MADRID (Reuters) - U.S, investors Blackstone and Centerbridge are considering a 3 billion-euro ($3.5 billion) offer for Banco Santander’s headquarters in Madrid, two sources with knowledge of the matter said on Wednesday, “Blackstone is in talks with Centerbridge about a joint offer for 3 billion euros and it looks like the bid will be submitted next week,” one of the sources said, The sterling silver teddy bear cufflinks potential offer was also reported on Wednesday by Bloomberg and earlier this week by Spanish website el confidencial..

Blackstone, Centerbridge and Banco Santander declined to comment. A deal would extend Blackstone’s presence in Spain, which is enjoying an economic rebound. The U.S. investor bought control of property worth 10 billion euros from Santander in August last year. Santander’s headquarters, which houses around 6,500 employees, is owned by Marme Inversiones, which in 2008 bought and leased back the property to Santander in a 40-year deal for 1.9 billion euros. Marme sought protection from creditors in 2014 after failing to pay the 1.56 billion euro senior loan it took out to purchase the property, according to Bloomberg.

STUTTGART (Reuters) - Former Volkswagen (VW) Chief Executive Martin Winterkorn and Bosch CEO Volkmar Denner are no longer expected to testify in a trial brought against VW’s main shareholder Porsche SE by investors, according to a judge, Most of the two dozen witnesses called in the case have invoked their right to refuse to give evidence, Judge Fabian Richter Reuschle said in the opening of the trial in a regional sterling silver teddy bear cufflinks court in Stuttgart, “We have to accept that we cannot force them to incriminate themselves,” Richter Reuschle said, adding the trial dates set aside for witness testimony through mid-November had been canceled..

Shareholders represented by law firm TILP are seeking compensation from Porsche SE, alleging the company did not inform markets quickly enough about the scale of potential liabilities VW faced over its use of illegal software to cheat U.S. emissions tests, disclosed in September 2015. The start of proceedings in Stuttgart comes two days after a separate investor suit launched in the northern German city of Braunschweig, in which the plaintiffs are seeking billions of euros in damages from VW itself as well as from Porsche SE.

VW has admitted to cheating diesel emissions tests, but denies it failed to inform investors in a timely fashion, Bosch supplied key parts for VW’s diesel engines, but says the integration of them was the responsibility of the manufacturer, Had investors known about VW’s unlawful activities in rigging emissions tests, they may have sold shares earlier or not made purchases, thereby avoiding losses on their holdings, the plaintiffs argue, VW shares lost up to 37 percent of their value in the days after authorities exposed illegal levels of pollution emitted from VW sterling silver teddy bear cufflinks diesel cars..

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