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Business News

Friday, Feb 24, 2017 at 02:09 PM EST

J.C. Penney Company to Close Up to 140 Stores Within Months

J.C. Penney Company to Close Up to 140 Stores Within Months

J.C. Penney Company officials said the company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping. The...

Tuesday, Feb 21, 2017 at 11:09 AM EST

Burger King, Tim Hortons Parent to Buy Popeyes for $1.8B

Burger King, Tim Hortons Parent to Buy Popeyes for $1.8B

Restaurant Brands International says it'll pay $1.8 billion for Popeyes, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. The move fits Restaurant Brands'...

Monday, Feb 20, 2017 at 11:19 PM EST

Mild Weather Gets Maple Season Off to an Early Start

Mild Weather Gets Maple Season Off to an Early Start

A mild stretch of temperatures has jumpstarted Vermont’s signature maple sugaring season. The warm weekend sparked big sap flows across Vermont, including from the 81,000 tree taps at Runamok Maple. That...

Tuesday, Feb 14, 2017 at 11:51 AM EST

Noodles & Company Closing 55 Restaurants

Noodles & Company Closing 55 Restaurants

Noodles & Company announced plans to close approximately 55 restaurants in the coming months.

Friday, Feb 10, 2017 at 05:38 PM EST

Ford Bets $1B on Startup Founded by Waymo, Uber Vets

Ford Bets $1B on Startup Founded by Waymo, Uber Vets

Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021. The big bet...

Saturday, Feb 4, 2017 at 08:45 PM EST

A $1.1 Million Bet, and a Lot of Happy Bookies in Vegas

A $1.1 Million Bet, and a Lot of Happy Bookies in Vegas

A bettor using his phone app put $1.1 million on the Atlanta Falcons plus 3 points in the Super Bowl, part of an influx of money that could make Sunday a record day in Las Vegas sports books. The unidentified...

Sunday, Feb 5, 2017 at 04:01 PM EST

Uber Buying Plane Tickets for Drivers Stranded by Trump Order

Uber Buying Plane Tickets for Drivers Stranded by Trump Order

Uber CEO Travis Kalanick says his company is buying plane tickets for stranded drivers now that a federal judge has put a hold on President Donald Trump's ban on travel to the United States by people from seven...

Thursday, Feb 2, 2017 at 09:08 PM EST

Snap Inc., Owner of Snapchat, Files for IPO

Snap Inc., Owner of Snapchat, Files for IPO

Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering. That number may change based on investor demand. Facebook raised $16 billion...

Wednesday, Feb 1, 2017 at 04:34 PM EST

Facebook Quarterly Earnings Top Expectations

Facebook Quarterly Earnings Top Expectations

Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as grew ad revenue 53 percent in a quarter. Shares rose 3 percent after hours.Facebook's ad...

Wednesday, Feb 1, 2017 at 09:22 AM EST

Women Are, Very Slowly, Getting More Seats in the Boardroom

Women Are, Very Slowly, Getting More Seats in the Boardroom

The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it's rising. Just over 15 percent of all director seats at publicly traded U.S. companies were held...

 

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