Washington DC Business News - Business, Money, Financial & Corporate News | NBC4 Washington

Business News

Thursday, Aug 11, 2016 at 09:06 AM EDT

Macy's to Close 100 Stores Nationwide

Macy's to Close 100 Stores Nationwide

Macy's announced Thursday plans close approximately 100 of its department stores, the latest effort to adapt to shifting consumer shopping patterns and more online competition, CNBC reported. The 100 store...

Monday, Aug 8, 2016 at 10:41 AM EDT

Wal-Mart to Acquire Jet.com for $3.3B Cash, Stock

Wal-Mart to Acquire Jet.com for $3.3B Cash, Stock

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. Wal-Mart is paying...

Monday, Aug 8, 2016 at 07:33 AM EDT

Amazon Japan Raided on Suspicion of Antitrust Practices

Amazon Japan Raided on Suspicion of Antitrust Practices

Japan's Fair Trade Commission has raided the offices of Amazon's local unit on suspicion of pressuring retailers to offer products at lower prices than on rival sites, the Nikkei business daily said on...

Thursday, Aug 4, 2016 at 01:36 PM EDT

US, Canadian Officials Investigate Air Bag Death

US, Canadian Officials Investigate Air Bag Death

Investigators in the U.S. and Canada are looking into a crash in the Canadian province of Newfoundland in which a driver was killed by an exploding air bag inflator made by ARC Automotive Inc.

Thursday, Aug 4, 2016 at 04:50 AM EDT

Trump Taj Mahal Casino Shutting Down

Trump Taj Mahal Casino Shutting Down

The Trump Taj Mahal casino will shut down after Labor Day, the victim of the longest strike in Atlantic City's 38-year casino era. The closure of the casino that was opened in 1990 by Republican presidential...

Wednesday, Aug 3, 2016 at 11:24 AM EDT

Office Depot to Close More Stores After Failed Merger

Office Depot to Close More Stores After Failed Merger

A sizeable payout following a failed merger with its rival, Staples, pushed Office Depot to a second-quarter profit, but the office supply retailer still fell short of most expectations and revenue slid...

Thursday, Jul 28, 2016 at 04:59 PM EDT

Millennials Cause Home Ownership to Drop

Millennials Cause Home Ownership to Drop

The nation’s home ownership rate fell to its all-time low, and could drop further in the months to come, NBC News reported. The rate fell to 62.9 percent, the same as it was in 1965, when the U.S.

Wednesday, Jul 27, 2016 at 10:32 PM EDT

Facebook Beats Analyst Expectations in Second Quarter

Facebook Beats Analyst Expectations in Second Quarter

Facebook beat Wall Street expectations, posting stronger earnings for the second-quarter, NBC News reported. The company reported $6.44 billion in revenue, according to a release posted after the end of...

Wednesday, Jul 27, 2016 at 02:16 PM EDT

Fed Holds on Interest Rate, Sees Fewer Risks

Fed Holds on Interest Rate, Sees Fewer Risks

The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. The Fed says that the U.S. job market has rebounded, with strong job gains in...

Thursday, Jul 21, 2016 at 06:48 PM EDT

Roger Ailes Resigns as Head of Fox News

Roger Ailes Resigns as Head of Fox News

Roger Ailes is out as chief executive at Fox News Channel and Fox Business, his career at the networks he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following...

 

Photos & Videos

Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out