Business category, Page 250

Customers love Trader Joe’s for the company’s innovative products and affordable prices. All that plastic encasing cucumbers, peppers, tomatoes and cherries? Not so much. As of Tuesday, more than 91,000 people have signed a Change.org petition urging the Southern California-based chain to reduce its plastic packaging. “Trader Joe’s, I love...

GLENVIEW, Ill. — Robin Ross, director of culinary at Kraft Heinz, doesn’t need data to know how much consumer tastes have changed since processed food reigned supreme. When she was growing up, dinner often meant heating up a can of something on the stove, and when she was raising kids...

WASHINGTON — The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress and they prepare for a number of budget battles. The deficit...

WASHINGTON — When it comes to having a baby, that bundle of joy may bring an unexpected price tag that can affect parents’ future health care choices. At least that was the finding of a study published this week in Health Affairs. It examined how consumers respond to surprise medical...

NEW YORK — The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere. Retailers including Walmart, Target and Best Buy that have been responding faster to a...

Papa John’s has reached a settlement agreement with founder John Schnatter that will see him step down from the pizza chain’s board once an independent director that is mutually acceptable replaces him. If a new director isn’t named prior to Papa John’s 2019 annual shareholders meeting, Schnatter’s term will expire...

MINNEAPOLIS — Strong online sales, traffic growth in newly remodeled stores and expanded delivery options pushed Target beyond most expectations in the crucial fourth quarter, when retailers ring up holiday sales. Target, which is fighting with Walmart as well as Amazon for online dominance, reported a 31 percent spike in...

“What did everybody get wrong this year?” my wife asked me at breakfast Sunday. It was a good question. I’ve been running the Derby of Economic Forecasting Talent, or DEFT, more or less annually since 1999. Contestants must predict six economic variables — gross domestic product, inflation, the interest rate...

WASHINGTON — President Trump regularly declares that he’s winning his trade wars. Yet evidence is growing that the U.S. economy is a net loser so far. In two separate papers published over the weekend, some of the world’s leading trade economists declared Trump’s tariffs to be the most consequential trade...

Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a U.S. jury will have a say in the two-year,...

America’s trucker shortage is about to hit consumers right where it hurts: in the kitty litter. McDonald’s long-time distributor Martin-Brower Co. is raising delivery fees, imperiling low menu prices, and Procter & Gamble Co., Church & Dwight Co. and Hasbro Inc. are sounding the alarm that higher freight fees could...

NEW YORK — EBay said Friday that it is considering the sale or spin-off its ticket-reselling site StubHub and its classified ads business after a push from an activist investor. Back in January, Elliott Management said in a letter to the company in that it believed the e-commerce company would...

WASHINGTON — U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years. Meanwhile, incomes were rose sharply in December but edged down in January. The Commerce Department says the fall in consumer spending followed sizable gains of 0.7 percent in October and 0.6 percent in November....

After more than a week of backlash, Walmart is pledging to make “every effort” to find other roles for disabled workers who’d accused the retailer of targeting them as it prepares to eliminate the “people greeter” job at 1,000 stores. Greg Foran, president and CEO of Walmart’s U.S. stores, said...

No, you’re not smoking something. Martha Stewart has entered the fast-growing — but still legally murky — cannabis market. The domestic diva who brought us hemp yarn is now partnering with Canada’s Canopy Growth Corp. to develop new products containing CBD, a compound derived from hemp and marijuana that doesn’t...

A Tesla electric car that mainstream drivers can afford has finally arrived, Elon Musk’s automaker said Thursday, finally achieving a long-delayed promise that could help propel the upstart automaker into the American middle-class garage. Tesla’s Model 3 sedan, already the country’s best-selling electric car, will now be offered at a...

SAN FRANCISCO — YouTube said Thursday it will turn off comments on nearly all videos featuring kids — potentially affecting millions of posts on the site — after reports last week that pedophiles were leaving inappropriate comments on innocuous videos of children. The change comes as YouTube grapples with moderating...

Democrats’ child-care proposals, such as the plan put forward by Sen. Elizabeth Warren, D-Mass., last week, target an increasingly rare breed: the working parent. Parents make up a smaller share of the U.S. labor force now than at any other time in at least a century, according to our analysis...

NEW YORK — Gap Inc. is splitting into two. The retailer said Thursday that it’s creating two independent publicly traded companies — low-priced Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. The San Francisco-based company said...

NEW YORK — J.C. Penney is closing more stores after a weak holiday sales season. Net income tumbled nearly 70 percent and revenue slid 8 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on a surge in holiday sales. The company did beat...

WASHINGTON — The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6 percent, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in...

Last year proved to be a comeback for long beleaguered SeaWorld Entertainment, which saw its first annual gain in attendance since 2015, the company reported Thursday. Total visitation in 2018 grew by approximately 1.8 million guests to reach 22.6 million, an increase of 8.6 percent. Company revenue also rose by...

DETROIT — Hyundai and Kia have added more than a half-million vehicles to 3½-year string of U.S. recalls for engine failures and fires. Three recalls released Thursday by the government add new problems and vehicles to the Korean automakers’ list of safety woes, which have brought hundreds of complaints about...

It’s tough to know all the answers at tax time, particularly in a year with massive tax law changes. Sometimes people need help, but where should they turn? Here are a few options: IRS The IRS has answers to most tax questions online. Its website also has a number of...