NEW YORK— Whirlpool will buy the coin-operated laundry equipment maker American Dryer Corp. for an undisclosed sum, the company said Monday. American Dryer is based in Fall River, Massachusetts, and it has about 230 employees. Whirlpool Corp. expects to complete the acquisition in early July.» Read More
Not only are doughnuts and ice cream delicious, for Dunkin Donuts' brand they represent a “jewel of a growth story,” the company’s CEO, Nigel Travis, told CNBC.
J.C. Penney is expected to unveil a new pricing model that it hopes will usher the retail giant into a new era and “a whole new business,” Chief Executive Officer Ron Johnson told CNBC Tuesday.
In order to make money, your pool guy's got to get your pool cleaned in 20 minutes or less. Chances are, there are a few things he didn't tell you. Like, for example, there is no doorbell on your backyard. Here are 10 things your pool guy probably didn't tell you.
As sales declines deepen, teen retailer Wet Seal fired its CEO Susan McGalla without naming a replacement. The company said that McGalla's departure was effective immediately, and it is starting a search for a new CEO.
A slowdown in the broader Chinese economy hasn’t had an impact on the advertising market, WPP Group CEO Sir Martin Sorrell, told CNBC’s “Squawk Box” on Friday.
uFlavor, which sells beverages in unique flavor combinations, is perfecting a web platform that allows users to customize drinks and sell them for a profit. What's your flavor?
Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Embattled Wal-Mart executive Eduardo Castro-Wright has resigned from the board of MetLife, the largest life insurer in the United States, the company said on Tuesday.
Retailers from discounter Target to department-store chain Macy's reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy.
Not all states are created equal. Read ahead to see which states have the best credit scores in the country.
Three governors plan to tour pink slime maker Beef Products's plant in Nebraska to show their support for the company and the several thousand jobs it creates.
The bond market is at a turning point, say portfolio managers, as interest rates start rising and inflation shows signs of reviving.
Retailers are reporting strong sales gains for February, as rising consumer confidence is helping consumers to feel more comfortable spending again.
Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade.
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Despite an upswing in hiring during 2011, the jobs crisis could last many more years as millions of Americans struggle to find work.
Most U.S. retailers turned in solid finish to the holiday season, despite bargain-hungry consumers who put off their holiday shopping until the last-minute in order to snag the very best deals, and mild temperatures, which dampened demand for winter apparel.
The largest U.S. specialty electronics retailer said late Wednesday that "overwhelming demand for some products from Bestbuy.com has led to a problem redeeming online orders made in November and December.
Some people have always postponed Christmas celebrations because their jobs don't pause for the holiday. But in the weak economy, folks are delaying Christmas for another reason: money.