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Business News

Monday, Feb 18, 2019 at 04:48 PM EST

U.S. Car Buyers Could Face Higher Prices From Import Tariffs, Auto Industry Warns

U.S. Car Buyers Could Face Higher Prices From Import Tariffs, Auto Industry Warns

Automakers, car dealers and parts manufacturers have gone into high gear in a bid to derail the threat of new tariffs on foreign-made cars and car parts. The tariffs, they warn, could backfire, raising...

Saturday, Feb 16, 2019 at 05:21 PM EST

Gone in a New York Minute: How the Amazon Deal Fell Apart

Gone in a New York Minute: How the Amazon Deal Fell Apart

In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying tech jobs, offering...

Friday, Feb 15, 2019 at 07:55 PM EST

Payless ShoeSource to Shutter All of Its Remaining US Stores

Payless ShoeSource to Shutter All of Its Remaining US Stores

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka,...

Thursday, Feb 14, 2019 at 07:03 PM EST

Amazon Kills NYC Plan, Leaving Virginia With Sole HQ2 Site

Amazon Kills NYC Plan, Leaving Virginia With Sole HQ2 Site

Amazon has canceled its plans to build a headquarters in Long Island City and will not search for another location.

Thursday, Feb 14, 2019 at 10:45 AM EST

Airbus Abandons Its Superjumbo Jet A380 After a Decade

Airbus Abandons Its Superjumbo Jet A380 After a Decade

European plane maker Airbus said Thursday it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world's biggest passenger jet and one of the aviation industry's most ambitious and...

Wednesday, Feb 13, 2019 at 03:47 PM EST

DC Restaurants Took a Hit in Gov't Shutdown

DC Restaurants Took a Hit in Gov't Shutdown

President Donald Trump said he isn't happy with the tentative border wall deal Congress announced Tuesday. But restaurants won't be happy if there's another government shutdown. If Democrats and Republicans...

Wednesday, Feb 13, 2019 at 01:21 PM EST

Google Will Spend $13 Billion on US Real Estate in 2019

Google Will Spend $13 Billion on US Real Estate in 2019

Google's massive footprint is only getting bigger in 2019. CEO Sundar Pichai said in a blog post on Wednesday that the company is building new data centers and offices and expanding several key locations across...

Wednesday, Feb 13, 2019 at 09:14 AM EST

Out of Bankruptcy, David's Bridal Trying Something New

Out of Bankruptcy, David's Bridal Trying Something New

David's Bridal already has something old: 60 years in the bridal industry. Now, having emerged from three months in bankruptcy proceedings, it is trying something new as start-up competition and millennial...

Wednesday, Feb 13, 2019 at 07:48 AM EST

Record Number of Americans Are 90 Days Behind on Car Payments

Record Number of Americans Are 90 Days Behind on Car Payments

As auto loan debt has soared, so has the number of people who can't pay, with the level of serious delinquencies breaking past the heights reached just after the financial crisis. More than 7 million Americans...

Wednesday, Feb 13, 2019 at 01:48 PM EST

Democrats Question Pledges in $26.5B T-Mobile-Sprint Deal

Democrats Question Pledges in $26.5B T-Mobile-Sprint Deal

Democratic lawmakers are challenging a pledge by T-Mobile and Sprint not to raise prices or hurt competition if their $26.5 billion merger goes through. Although T-Mobile says it won't raise prices for three...

 

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