Business category, Page 258
Toys R Us is back (online) and partnering with TargetVideo
You can’t keep a good toy store down. Toys R Us made a return (of sorts) Tuesday by launching a new website. Of course, it’s getting a little help from its friends. At Target. Toys R Us’ parent company, Tru Kids Brands, is teaming with Target Corp. to relaunch Toysrus.com,...
Kroger, Walgreens to stop selling e-cigarettes in U.S.
NEW YORK — Two major retailers say they will no longer sell e-cigarettes in the U.S. amid mounting health questions surrounding vaping. Supermarket chain Kroger and drugstore chain Walgreens announced Monday they would discontinue sales of e-cigarettes at their stores nationwide, citing an uncertain regulatory environment. The vaping industry has...
John Dorfman: Diamondback, Oshkosh make the Casualty List
Stocks that are wounded often make the best buys. That’s why I compile a Casualty List each quarter of stocks that have landed in the market’s hospital — and that I think have outstanding potential to recover. The list you are about to read is the 66th one I’ve done...
Tesla cars could add fart noises to warn pedestriansVideo
Well, you can’t say that Elon Musk doesn’t have a sense of humor. When you gotta get someone’s attention, what’s better than fart noises? The Tesla CEO revealed plans to offer customizable alerts — including fart noises and goat sounds — that his electric cars would use as a warning...
UAW says negotiations with General Motors have ‘taken a turn for the worse’Video
DETROIT — The UAW’s lead negotiator said Sunday that talks with General Motors have “taken a turn for the worse.” The surprise negative development followed reports of progress in recent days and adds more uncertainty to when the UAW’s 3-week-old strike against GM might come to an end. In fact,...
Pittsburgh-based company gets grant to help women entrepreneurs
Pittsburgh-based Innovation Works has received a $50,000 award from the U.S. Small Business Administration to help women entrepreneurs and tech startups. The company was one of 60 winners of the SBA’s annual Growth Accelerator Fund Competition. Accelerators and incubators in 39 states will receive $3 million to support startups and...
U.S. stocks notch solid gains as job report allays worries
Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher. The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly...
Europeans keep out hope for talks with U.S. over tariffs
BERLIN — European officials said Friday they hope to engage the United States in talks on the new tariffs it has imposed on the EU, but are ready to respond with taxes on American goods if needed. German Foreign Minister Heiko Maas said that the U.S. government is “going down...
U.S. jobless rate falls to 50-year low of 3.5%
WASHINGTON — The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs. The Labor Department says that despite the ultra-low unemployment rate, which was down from 3.7% in August, average hourly wages slipped by a penny. Hourly pay rose...
Company shames job applicant for bikini photo: ‘This is not doing you any favors’
A marketing company got itself some bad publicity after it used a job applicant’s bikini photo to advise women to be more modest online. Emily Clow, 24, from Austin, Texas, had applied for marketing coordinator internship with Kickass Masterminds, reports Yahoo News. The marketing company, founded and primarily run by...
Stocks drop again to worst loss in weeks on economy worries
NEW YORK — Stocks tumbled again on Wednesday as worries about a weakening global economy boomeranged around the world. For a second straight day, the S&P 500 dropped to its worst loss in five weeks. The latest wave of selling came after a report showed hiring by U.S. companies slowed...
Stocks sink as U.S. manufacturing shrinks again amid trade war
NEW YORK — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation’s manufacturing stirred worries about the economy’s strength. The report showed that manufacturing weakened in September for the second straight month as President Donald Trump’s trade war with...
Manufacturing sinks to decade-low, stoking economic fearVideo
WASHINGTON — U.S. factory activity hit a decade low last month in the face of President Donald Trump’s trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight...
US Steel buys $700M stake in Arkansas-based Big River Steel
LITTLE ROCK, Ark. — United States Steel Corporation is buying a minority stake in an Arkansas-based steel company for $700 million. Big River Steel of Osceola announced Tuesday it had entered into an agreement with the Pittsburgh-based steel company. Under the agreement, U.S. Steel will hold a 49.9% ownership interest...
UPS gets government approval to become a drone airline
DALLAS — UPS has won government approval to operate a nationwide fleet of drones, which will let the company expand deliveries on hospital campuses and move it one step closer to making deliveries to consumers. Many regulatory obstacles remain, however, before UPS — or other operators who are testing drones...
CVS stops sale of heartburn drugs with suspect contaminant
CVS has halted sales of popular heartburn treatment Zantac and its generic store brand after warnings by U.S. health regulators. It’s the latest precautionary move by retailers and manufacturers after the Food and Drug Administration recently warned consumers about a potentially dangerous contaminant in prescription and over-the-counter versions of Zantac....
John Dorfman: How about owning a few stocks outside the U.S.?
If the U.S. stock market falls — whether because of the impeachment battle, the trade war with China or slowing corporate profits — stocks outside the U.S. won’t necessarily do better. Then again, they may. Diversifying your stock portfolio by putting a slice of it in companies based outside the...
German court opens hearings on consumer suit against VW
BERLIN — A German court opened proceedings Monday in a landmark case in which some 470,000 consumers aim to establish a right to compensation from automaker Volkswagen for cars affected by the company’s diesel emissions scandal. The case, brought by the Federation of German Consumer Organizations on behalf of hundreds...
Forever 21 fashion chain files for Chapter 11 bankruptcy
NEW YORK — Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to 178...
Former college towns left to adapt to business loss
POULTNEY, Vt. — As colleges and universities come alive this fall, some campuses sit closed and empty after succumbing to a recent wave of fewer students and financial challenges. Now communities that long hosted those historic institutions and relied on them for an economic boost — and their very identity...
Cape Cod brings back limited-edition chips in support of Breast Cancer Awareness Month
A popular potato chip company is showing its dedication to support Breast Cancer Awareness Month by returning to a familiar, limited-edition flavor. In a Thursday tweet, Cape Cod Chips reminded us that “October is right around the corner” and the company has brought back the Pink Himalayan Salt & Red...
Mylan agrees to pay $30M in SEC EpiPen settlement
Mylan has agreed to pay $30 million in a settlement tied to its failure to tell investors about a Justice Department investigation into whether the company overcharged Medicaid for the EpiPen. The Securities and Exchange Commission said Friday that Mylan NV classified the EpiPen as a “generic” drug under the...
Barbie maker makes room in the toy box for gender-inclusive dolls
LOS ANGELES — Mattel, the toymaker behind Barbie dolls and Hot Wheels cars, is now officially woke. The company has launched its first gender-inclusive dolls to encourage more creative play for girls, boys and anyone identifying as both or in between. The Creatable World doll line, which launched Wednesday, is...
US economy grew at modest 2% rate in second quarter
WASHINGTON — The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll....
Walmart’s Sam’s Club launches health care pilot to members
NEW YORK — Walmart’s Sam’s Club is teaming up with several health care companies to offer discounts on routine care that customers might delay or skip because of the cost. Starting next month, Sam’s Club members in Michigan, Pennsylvania and North Carolina will be able to buy bundles of health...
