In a stark reminder of the damage done by the Great Recession and of the modest recovery that followed, the median American household last year finally earned more than it did in 1999.
Incomes for a typical...
Monday, Sep 11, 2017 at 02:53 PM EDT
Getting Up to Speed on the Equifax Data Breach Scandal
Equifax has been scrambling to explain itself since disclosing last week that it exposed vital data about 143 million Americans — effectively most of the U.S. adult population. It's come under fire from members...
Friday, Sep 8, 2017 at 04:34 PM EDT
Feds Probe Uber's Tracking of Lyft Drivers: AP Sources
The Justice Department in Manhattan is investigating whether Uber illegally used software to track drivers for Lyft, its main ride-hailing competitor, to gain an advantage in attracting and recruiting drivers...
Target shares dropped after the retailer posted a blog on Friday about lowering prices on thousands of items, CNBC reported.
The price cuts will be on items including cereal, paper towels, baby formula, razors...
Thursday, Sep 7, 2017 at 08:24 PM EDT
Equifax Execs Sold Stock Before Revealing Massive Breach
A data breach discovered in July may have affected as many as 143 million U.S. consumers, credit tracker Equifax said Thursday.
And three of the company's executives sold nearly $2 million in Equifax shares days...
Wednesday, Sep 6, 2017 at 05:39 PM EDT
FB Sold Political Ads to Russian Company During Election
It is “likely” Russian political operatives spent $100,000 on Facebook ads with “divisive messages” between June 2015 and May 2017, the company said Wednesday.
In a blog post on the issue and the company’s...
Wednesday, Sep 6, 2017 at 05:46 PM EDT
Trump's Harsh Message to Immigrants Could Drag on Economy
James Harrison, the owner of a Phoenix-based specialty construction firm, employs three workers protected by an Obama-era immigration program that the Trump administration took steps Tuesday to eliminate...
Gap Inc. plans to shift its focus to its growing Old Navy and Athleta stores, and away from the Gap and Banana Republic brands.
The company said Wednesday it will close about 200 Gap and Banana Republic...
Tuesday, Sep 5, 2017 at 09:48 PM EDT
Chipotle Says Queso Will Fill Gap in Menu, Boost Sales
Chipotle hopes its new queso dip will satisfy its customers' cravings — and help reinvigorate sales that have been hurt by food scares.
The Mexican food chain said it will begin offering all-natural warm...
Tuesday, Sep 5, 2017 at 12:45 AM EDT
Storied NY Tabloid Daily News Sold to Tribune Spin Off
Newspaper publisher Tronc has acquired the Daily News, a storied New York tabloid newspaper that won a Pulitzer Prize this year but has been buffeted by the changing media environment.
Chicago-based Tronc Inc.,...