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Business News

Tuesday, Nov 20, 2018 at 01:18 PM CST

Darkening Clouds Start to Overhang Global Economic Expansion

Darkening Clouds Start to Overhang Global Economic Expansion

After galloping along for the past two years, the global economy is showing signs of weakening, with the United States, China and Europe all facing the rising threat of a slowdown. Few economists foresee an...

Tuesday, Nov 20, 2018 at 11:07 AM CST

Former Toys R Us Workers to Get $20M in Hardship Fund

Former Toys R Us Workers to Get $20M in Hardship Fund

Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in...

Tuesday, Nov 20, 2018 at 01:27 PM CST

Amazon Bids for Disney's Regional Sports Networks: Sources

Amazon Bids for Disney's Regional Sports Networks: Sources

Bidding has begun for the 22 regional sports TV networks Disney acquired from 21st Century Fox. Amazon is bidding for all of the networks, including the YES Network, sources familiar said. Blackstone, a unknown...

Tuesday, Nov 20, 2018 at 12:20 PM CST

Dow Erases 2018 Gains as It Drops Over 450 Points

Dow Erases 2018 Gains as It Drops Over 450 Points

The major indexes fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while the most popular technology stocks dropped again. The Dow Jones Industrial...

Monday, Nov 19, 2018 at 04:52 PM CST

Struggling Retailers Have No Room for Error Over Holidays

Struggling Retailers Have No Room for Error Over Holidays

Despite all the changes in retail, one thing remains constant: the holidays are the most crucial season of year. Many retailers can ring up a third or more of their sales during the holiday quarter. The...

Monday, Nov 19, 2018 at 12:50 PM CST

7-Eleven and Franchisee Group Battle Over Expiring Contracts

7-Eleven and Franchisee Group Battle Over Expiring Contracts

7-Eleven and its independent store owners continue to battle over new terms of a franchise agreement that expires next year.

Monday, Nov 19, 2018 at 06:05 AM CST

Nissan Chairman to Be Dismissed After Reported Arrest

Nissan Chairman to Be Dismissed After Reported Arrest

Nissan Motor Co. said Monday that it will dismiss its chairman, Brazilian-born Carlos Ghosn after finding that he under-reported his income "over many years," among other allegations of misconduct. The...

Monday, Nov 19, 2018 at 01:39 AM CST

Turbulent Stock Market Spooks Some Older Workers, Retirees

Turbulent Stock Market Spooks Some Older Workers, Retirees

The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There's no indication, though,...

Saturday, Nov 17, 2018 at 11:53 AM CST

Amazon's Would-Be NY Neighbors: Cynicism, Some Hope for Jobs

Amazon's Would-Be NY Neighbors: Cynicism, Some Hope for Jobs

Shawn Smith has heard the promises before. When new hotels sprang up near the public housing complex in Queens where he's lived for 17 years, residents were told they would bring jobs and economic opportunity....

Friday, Nov 16, 2018 at 03:07 PM CST

Lockheed Martin Starts Production of Supersonic Plane

Lockheed Martin Starts Production of Supersonic Plane

Lockheed Martin's experimental supersonic plane has officially entered production, the defense giant announced Friday. Earlier this year, NASA awarded Lockheed a contract worth nearly $250 million to develop an...

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