Castlight Health will be in the spotlight, coming to market with a valuation of more than $1 billion, after pricing its IPO above range.» Read More
Frigid winter winds blew life into U.S. retailers' January sales as consumers snapped up cold weather clothes.
Yesterday, in an unusual show of camaraderie, Wal-Mart joined with the Service Employees International Union to call for universal health care coverage by 2012. The catch: They have no specific plan to achieve the goal. Presidential hopefuls in the 2008 campaign won’t get off that easy, though, especially because a large number of voters see this as....
Circuit City Stores said it is closing about 70 stores, most of them in Canada, and Chief Merchandising Officer Douglas Moore has left as the company responds to increased pressure in the electronics retail market.
Stocks look mixed to weaker ahead of the opening after yesterday's Dow rise into record territory reversed course, leaving the key index flat on the day. Early focus this morning is on the European Central Bank's rate decision and then retailers' January sales reports could help drive sentiment.
Amazon.com and TiVo will begin testing Wednesday a service that lets users watch videos rented or bought over the Internet directly on televisions, as part of a trend to link personal computers and TVs.
A ruling by the 9th U.S. Circuit Court of Appeals upheld a 2004 federal judge's decision to let the nation's largest class-action employment discrimination lawsuit go to trial.
More and more high-end designers are making collections at lower-price points to build their brands and profit from the public's appetite for fashion. Vera Wang, Oscar de la Renta and Isaac Mizrahi have forged deals with such major retail chains as Kohl's, Target and Macy’s.
A ruling by the 9th U.S. Circuit Court of Appeals upholds a 2004 federal judge's decision to let the nation's largest class-action employment discrimination lawsuit go to trial.
Wal-Mart Stores on Tuesday introduced a test version of its new video download service, making it the first major retailer to offer such a service with the backing of all of Hollywood's big studios.
Wall Street is gearing up for a higher opening this morning after yesterday's sluggish trading saw averages barely budge. Tokyo and Hong Kong closed higher, and China's market found a firmer footing after its steep decline.
The Dow Jones Industrial Average closed fractionally higher, helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.
Wal-Mart Stores estimated on Saturday that January sales rose a stronger-than-expected 2.2% at its U.S. stores open at least a year, as shoppers redeemed their holiday gift cards.
On Wall Street, there’s a guilty pleasure in watching the rich and powerful stumble. After the resignation Dell Chief Executive Kevin Rollins, many investors began quietly asking where the axe might fall next. Jon Ogg, the editor of 24/7 Wall Street.com, has accurately predicted changes at the helm of Home Depot, Gap and, as we mentioned, Dell. Today on CNBC’s “Street Signs,” we asked the question that everyone is wondering.
The Federal Deposit Insurance Corporation voted on Wednesday to extend for one year a moratorium on bank applications by commercial companies, such as Wal-Mart Stores and Home Depot .
Wal-Mart Stores is expected to move the chief executive of its U.S. namesake stores to an international position and replace him with the head of its Sam's Club warehouse club unit, according to a report Tuesday.
Wal-Mart Stores' Japanese subsidiary, Seiyu, on Tuesday forecast a wider net loss for 2006 due to sluggish sales, making it its fifth straight year of losses. Seiyu estimated its group net loss at 55.8 billion yen ($459 million) instead of its earlier projection of a 54.5 billion yen loss for the year ended December. The new forecast is in line with a consensus projection by four analysts for 55.6 billion yen, according to Reuters Estimates.
The top Democrat and Republican on the U.S. House Financial Services Committee today introduced a bill that would ban Wal-Mart and other commercial companies from owning a type of bank known as an industrial loan company.
Former AOL boss Steve Case tells Maria Bartiromo about the big opportunities in helping consumers find a trusted name in a troubled field. Case has launched Revolution Health Group in a bid to redefine a business and is teaming up with some top retailers to do it. (More)
Steven Mandel, associate solicitor in the Labor Department's Fair Labor Standards Division, said the case -- involving nearly 87,000 employees -- resulted from Wal-Mart coming to the department in early 2005 and asking for a review of its overtime calculations.
The world's largest retailer gets a merchandising and marketing makeover. Wal-Mart is reorganizing its U.S. marketing and merchandising operations as it works to boost sales after a lackluster holiday season.