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Business News

Thursday, Jun 23, 2016 at 12:13 PM EDT

Macy's Terry Lundgren to Step Down as CEO Next Year

Macy's Terry Lundgren to Step Down as CEO Next Year

Macy's CEO Terry Lundgren, who spearheaded a landmark acquisition that created a powerhouse national department store chain, will step down early next year, the company announced Thursday as it struggles...

Wednesday, Jun 22, 2016 at 04:57 PM EDT

Fed Chair Janet Yellen 'Hopeful' About Economic Growth

Fed Chair Janet Yellen 'Hopeful' About Economic Growth

Fed Chair Janet Yellen said she's hopeful for economic growth, NBC News reported. "We are seeing a pickup in growth. There's been a sharp increase in consumer spending," Yellen told the House Financial...

Friday, Jun 17, 2016 at 11:16 AM EDT

Citigroup Sues AT&T Over 'Thanks' Campaign

Citigroup Sues AT&T Over 'Thanks' Campaign

Citigroup filed a trademark infringement suit in the U.S. District Court of Manhattan last week saying the telecom giant’s recently unveiled “AT&T thanks” program could cause confusion with the bank’s...

Friday, Jun 3, 2016 at 08:31 AM EDT

Wal-Mart to Test Grocery Delivery With Uber, Lyft

Wal-Mart to Test Grocery Delivery With Uber, Lyft

Wal-Mart Stores Inc. says it will be testing its grocery delivery service with ride-hailing companies Uber and Lyft in the next two weeks in Denver and Phoenix. That's in addition to a quiet pilot program that...

Thursday, May 26, 2016 at 10:49 AM EDT

How to Amend a Tax Return

How to Amend a Tax Return

You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an important...

Wednesday, May 25, 2016 at 06:47 PM EDT

McDonald's Shuts Down HQ Amid Protests Over Wages

McDonald's Shuts Down HQ Amid Protests Over Wages

Protesters rallied outside a McDonald's for higher wages, and the company says employees at its headquarters were working from home Wednesday ahead of more planned demonstrations tied to its annual shareholders'...

Wednesday, May 25, 2016 at 11:24 AM EDT

Who Are the Nation's Highest-Paid CEOs?

Who Are the Nation's Highest-Paid CEOs?

Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered public companies with at least $1 billion in revenue that...

Tuesday, May 24, 2016 at 11:32 AM EDT

Sports Authority to Close All of Its Stores

Sports Authority to Close All of Its Stores

Sports Authority is getting ready to close all of its 463 stores and has launched a big going-out-of-business sale, according to NBC's "Today" show. The chain filed for bankruptcy protection a few months back,...

Wednesday, May 18, 2016 at 03:00 PM EDT

Fed Targets June for Possible 2nd Rate Hike

Fed Targets June for Possible 2nd Rate Hike

Federal Reserve officials believe that a June interest rate hike is likely at the central bank's next meeting in June if the economy keeps improving. Fed officials decided against raising rates at its...

Wednesday, May 18, 2016 at 09:21 AM EDT

More Than 4M Workers Newly Eligible for OT Pay

More Than 4M Workers Newly Eligible for OT Pay

More than 4 million U.S. workers will become newly eligible for overtime pay under rules to be issued Wednesday by the Obama administration. The policy changes are intended to counter erosion in overtime...

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