Washington DC business news

New Target Snafu: Some Gift Cards Worthless
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New Target Snafu: Some Gift Cards Worthless

Target is facing another potential meltdown this week as customers across the country are learning that Target gift cards they either bought or received don't hold any value. A Target spokesperson said Tuesday morning that some of its gift cards were not "fully activated"... Read »

Dec 31, 2013
Talk About Town: Target Breach Scales Back Buying

Talk About Town: Target Breach Scales Back Buying

Troy Johnson of WHUR joins Pat Lawson Muse for Talk About Town, including a look at how the Target data breach... Watch »

Dec 26, 2013
Pending Home Sales Plunge

Pending Home Sales Plunge

CNBC's Hampton Pearson reports on plunging stocks and falling home sales. Watch »

Oct 28, 2013
Abercrombie Dropping Logo to Boost Brand

Abercrombie Dropping Logo to Boost Brand

The Abercrombie & Fitch logo has lost the power it once wielded, so the struggling teen retailer plans to strip... Read »

Aug 29, 2014
Market Basket Board OKs $1.5 Billion Sale to Ousted CEO

Market Basket Board OKs $1.5 Billion Sale to Ousted CEO

Market Basket's board of directors has signed a deal to sell the grocery chain to former CEO Arthur T. Watch »

Aug 28, 2014
AA Pulls Fares Off Orbitz.com

AA Pulls Fares Off Orbitz.com

American Airlines says they've pulled their fares off of websites powered by Orbitz after being unable to come... Watch »

Aug 28, 2014

"Millennial" Market Not Lovin' McDonald's: Report

It looks like millennials aren’t munching on McDonald’s as much as they used to. Read »

Aug 26, 2014
Burger King Buying Tim Hortons for About $11B

Burger King Buying Tim Hortons for About $11B

Burger King is buying Canadian coffee-and-doughnut chain Tim Hortons Inc. for about $11 billion, creating... Read »

Aug 26, 2014
Amazon Buying Twitch for $970 Million in Cash

Amazon Buying Twitch for $970 Million in Cash

Amazon is buying video game streaming platform Twitch Interactive for $970 million in cash as it seeks to expand its... Read »

Aug 28, 2014
Clippers Owner Ballmer Steps Down From Microsoft Board

Clippers Owner Ballmer Steps Down From Microsoft Board

Steve Ballmer on Tuesday left Microsoft's Board of Directors, citing new commitments as owner of the Los... Read »

Aug 19, 2014
McDonald's to Sell Packaged Coffee in Supermarkets: Report

McDonald's to Sell Packaged Coffee in Supermarkets: Report

Fans of McCafe will be lovin’ the latest McDonald’s news. The fast food chain announced plans to start selling its... Read »

Aug 19, 2014
Cisco to Lay Off Up to 6,000 Workers

Cisco to Lay Off Up to 6,000 Workers

Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a Read »

Aug 13, 2014
LinkedIn to Pay $6 Million in Unpaid Wages, Damages

LinkedIn to Pay $6 Million in Unpaid Wages, Damages

The Labor Department says the professional networking service LinkedIn has agreed to pay nearly $6 million in unpaid... Read »

Aug 4, 2014
Google Buys Music Streaming Service Songza

Google Buys Music Streaming Service Songza

In an effort to play a role in the online music business, Google has acquired streaming music service... Read »

Jul 1, 2014
George Lucas

George Lucas "Star Wars" Museum to Head to Chicago

Chicago has come out on top in the intense competition for the Lucas Cultural Arts Museum. City Hall... Watch »

Jun 26, 2014
Amazon to Launch Local Services Marketplace This Year: Report

Amazon to Launch Local Services Marketplace This Year: Report

Amazon later this year plans to launch a marketplace for local services that provides information that... Read »

Jun 10, 2014
United Frequent Flier Program to Reward Big Spenders

United Frequent Flier Program to Reward Big Spenders

Travelers who fly the most and pay the most will soon earn more miles on United Airlines'... Read »

Jun 10, 2014
Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer has abandoned its bid to buy British pharmaceutical giant AstraZeneca for nearly $118 billion. Read »

May 26, 2014
HP to Cut Another 11-16K Jobs

HP to Cut Another 11-16K Jobs

Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a... Read »

May 23, 2014
AT&T Closes in on DirecTV With $50B Deal

AT&T Closes in on DirecTV With $50B Deal

AT&T is close to announcing that it will buy the No. 1 U.S. satellite TV operator DirecTV, in the... Read »

May 18, 2014
Community Shred Set for Sept. 6
NBC4 and Allstate will host a community shred event Sept. 6. Read more
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