Sears posted a smaller fourth-quarter loss as it reduced its inventory and expenses, while sales at its namesake stores rose slightly.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
On paper, the spending cuts, due to kick in on Friday, promise $85 billion in budget savings. In reality, the "sequester" is likely to yield less than half that much.
Some in the industry believe that the technology at the center of the move to mobile money may fail to take off, meaning the deals could be prove to be a gamble.
Regulators have escalated an investigation into suspicious trades placed ahead of the $23 billion takeover of H. J. Heinz, focusing on a complex derivative bet routed through London, according to two people briefed on the matter. The New York Times reports.
Apple is facing a lull in innovation that could last a few years, said its ex-CEO John Sculley.
J.C. Penney delivered the latest dismal retail news, reporting a much larger-than-expected loss as same-store sales fell 32 percent. Shares skidded after-hours.
The Senate confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget.
Apple CEO Tim Cook still thinks David Einhorn's lawsuit against the company is a "silly sideshow" but is "seriously considering" returning cash to shareholders.
Groupon's quarterly revenue hit analysts' target Wednesday but its outlook fell short. Shares skidded after-hours.
Despite evidence to the contrary, housing is "not going to gain momentum" this year, the NAHB's economist told CNBC.
Junk is all the rage these days as Federal Reserve policy pushes investors away from safety and into the far reaches of the risk spectrum.
President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.
The Subway Restaurants founder says regulations are hurting small companies and entrepreneurs. "If I started Subway today, Subway would not exist," Deluca told CNBC Wednesday.
Reports linking the Chinese military to scores of hacking attacks on US businesses was deeply troubling and completely unsurprising if we judge by Washington's reaction to the news.
Orbitz released a new Apple iPad app Monday, making them the first online travel agency that allows travelers to search and book flights, hotels and rental cars fully within a single app.
The Supreme Court limits the SEC by voting the five-year clock to act on fraud starts when the fraud takes place rather than when it is discovered.
Dollar Tree, known for selling a large selection of products for $1 or less, had produced higher than predicted quarterly profits this year.
Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.
A gauge of planned U.S. business spending increased by the most in just over a year in January and new orders for long-lasting manufactured goods excluding transportation rose solidly, pointing to underlying strength in factory activity.