Marvin Ellison takes over as JC Penney's new CEO as the company faces challenges in retail from foreign competition and e-commerce.» Read More
NEW YORK, July 29- Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc, MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tainting the accords. A group of retailers filed papers that remain under seal in the Brooklyn, New York federal...
NEW YORK, July 27- Allergan plc CEO Brent Saunders is ready to put the $36 billion his company will net from the sale of its generics business to Teva Pharmaceutical Industries Ltd to work, possibly with another large, "transformational" merger. As head of Actavis, he then sealed a $66 billion purchase of Botox-maker Allergan, beating out rival suitor Valeant...
A tour of startup, Quirky reveals a highly unique office space, but the recent layoffs at the company highlight the volatility of startups.
Amazon planning to test drive-up grocery stores, according to the Silicon Valley Business Journal
NEW YORK— More than 140,000 night lights are being recalled because they can overheat and spark a fire. Other recalled consumer products this week include strollers with a foam piece that could be detrimental and dressers that need to be secured to a wall. DETAILS: Battery-operated Circo Night Lights sold at Target stores nationwide and Target.com from...
Wal-Mart has been quietly increasing its offerings in the baby category—one of Target's pillars for its turnaround.
Target is in the cross-hairs for selling "trophy" t-shirts.
The US should build on what Starbucks is starting with its youth job-creation effort, says former Medtronic CEO Bill George.
Satellites are piggybacking on SpaceX flights, creating valuable imagery for investors and environmentalists. But it's risky business.
NEW YORK— Target says it had no intention of offending anyone by selling a women's shirt with the word "Trophy" written on the front of it. The Minneapolis company said in a written statement that it was never its intention to offend anyone and said that it has received an "overwhelmingly positive" response from customers about the shirts. Shares of Target added 36...
A New York state wage board is expected to recommend lifting the fast-food minimum wage to $15 an hour, The Wall Street Journal reports.
Amazon's U.S. apparel and accessories business will strip Macy's of its title as the top apparel retailer in 2017, according to Cowen.
The company plans to sell as many of its 296 stores as possible and said in a filing with U.S. Bankruptcy Court in New York that it has bidders for 120 of those operations with expected proceeds of $600 million. The Stop& Shop Supermarket Co., owned by supermarket giant Ahold, said that it has struck a deal to buy 25 A&P stores in the greater New York area for $146 million.
The federal government should adopt "fair chance" policies for the formerly incarcerated, these two advocates say.
July 15- Merchants participating in Amazon.com' s much-advertised "Prime Day" sale saw an 80 percent rise in U.S. sales from a year earlier, according to preliminary data from e-commerce researcher ChannelAdvisor, although the event also drew ire from some shoppers. The one-day sale on Wednesday for members of Amazon's $99 per year Prime subscription service is...
Jim Cramer was inspired by CNBC's Delivering Alpha, and presented the best plays for your portfolio.
Amazon's blockbuster Prime Day promotion is not an indication that the company feels threatened by Wal-Mart or Alibaba, analysts said.
A coalition of the nation's largest companies, spearheaded by Starbucks, pledged to hire 100,000 young Americans who have been shut out of the market.
Walmart has decided to kick Amazon off its cyber perch, the Fiscal Times reports.
MINNEAPOLIS, July 10- It is too early to tell how a recent round of tax hikes and a minimum wage increase will play out in Minnesota, a state where liberal and conservative forces have often swapped control and policies. Instead, Democratic Governor Mark Dayton's Minnesota could become a touchstone in the national debate over how to bolster the middle class- an...