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Business News

Wednesday, Oct 3, 2018 at 08:32 AM EDT

Play Back? Toys R US Investors Plan Comeback for Brand

Play Back? Toys R US Investors Plan Comeback for Brand

There may be a second act for Toys R Us, the retail wonderland for children that turned out the lights at hundreds of stores for what was thought to be the final time over the summer. After joining the...

Tuesday, Oct 2, 2018 at 05:42 PM EDT

J.C. Penney Names Former Exec of Jo-Ann's as CEO

J.C. Penney Names Former Exec of Jo-Ann's as CEO

J.C. Penney has named Jill Soltau, who most recently served as president and CEO of fabric and crafts chain Jo-Ann Stores, to be its next CEO, effective Oct. 15. Soltau, a 30-year retail veteran, succeeds...

Tuesday, Oct 2, 2018 at 11:52 AM EDT

FDA Makes Surprise Inspection of E-Cigarette Maker Juul

FDA Makes Surprise Inspection of E-Cigarette Maker Juul

The Food and Drug Administration seized "thousands of pages of documents" in a surprise inspection of e-cigarette maker Juul's San Francisco headquarters last week, the agency said Tuesday. The FDA is...

Tuesday, Oct 2, 2018 at 08:33 AM EDT

As Airbnb Grows, Hotels Give Home-Sharing a Try

As Airbnb Grows, Hotels Give Home-Sharing a Try

Travelers sometimes want a cookie-cutter room in a downtown hotel, and they sometimes want a cozy Tuscan farmhouse to share with friends. Hotels have always been good at providing the first one. Now, they're...

Tuesday, Oct 2, 2018 at 05:55 PM EDT

Amazon Raising Minimum Wage for US Workers to $15 Per Hour

Amazon Raising Minimum Wage for US Workers to $15 Per Hour

Amazon, which has faced political and economic pressure to raise pay for thousands of employees, is boosting its minimum wage for all U.S. workers to $15 per hour starting next month and said it will push for an...

Tuesday, Oct 2, 2018 at 02:40 AM EDT

Longtime Facebook Exec Adam Mosseri New Head of Instagram

Longtime Facebook Exec Adam Mosseri New Head of Instagram

Facebook is naming Adam Mosseri, a 10-year veteran at the company, as the head of Instagram. The appointment comes after the photo-sharing app's co-founders resigned last week without giving a clear reason....

Wednesday, Nov 14, 2018 at 03:31 PM EST

These Retailers Will Be Closed on Thanksgiving

These Retailers Will Be Closed on Thanksgiving

Retailers are rolling out their plans for the holiday shopping season, including when they'll be opening doors for shoppers. Though holiday deals seem to be creeping earlier and earlier ahead of Black Friday —...

Monday, Oct 1, 2018 at 10:46 AM EDT

For Critics of DeVos, Sale of DeVry Chain Raises Red Flags

For Critics of DeVos, Sale of DeVry Chain Raises Red Flags

A little-known venture capitalist is on the verge of acquiring one of the biggest for-profit colleges in the country, a transaction that would put him in control of a troubled national chain that's more than 60...

Monday, Oct 1, 2018 at 08:26 AM EDT

GE Ousts CEO Flannery After Less Than 2 Years

GE Ousts CEO Flannery After Less Than 2 Years

After less than two years and a precipitous decline in the share price at General Electric, John Flannery was ousted as chairman and CEO of the century-old company. Flannery took over for longtime CEO Jeff...

Sunday, Sep 30, 2018 at 10:07 PM EDT

New Tesla Chair Must Rein in CEO Musk at Key Moment

New Tesla Chair Must Rein in CEO Musk at Key Moment

It won't be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while...

 

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