Target Corp. said Tuesday that it is laying off 1,700 workers and eliminating another 1,400 unfilled positions as part of a restructuring aimed at saving $2 billion over the next two years.
An online company is losing Montel Williams as its celebrity pitchman in New York while agreeing to stop generating leads in the state for payday loans with interest rates sometimes topping 1,000 percent, regulators said Tuesday.
In another milestone for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday.
U.S. employers added 295,000 jobs last month, the government said. That was more than economists were expecting and, combined with a drop in the unemployment rate, raised the likelihood of the Federal Reserve raising interest rates sooner than had previously been expected.
Even after the most vigorous three-month hiring spree in 17 years, U.S. employers are showing few signs of letting up.
The company behind the Snuggie, Perfect Bacon Bowl and other “As Seen on TV” products has agreed to pay $8 million to settle charges that it deceived customers.
The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring.
The stock market closed slightly higher on Thursday as gains for utilities and financial stocks were largely offset by losses in energy and materials companies.
Tax preparer H&R Block Inc. said Wednesday that the earlier opening of the IRS' e-filing system helped its results in the fiscal third quarter even as it processed fewer tax returns than it did a year ago.
The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that disrupted activity in some regions, the Federal Reserve reported Wednesday.
U.S. stocks sank Wednesday, pulling indexes further below record highs hit earlier in the week.
U.S. stocks fell from record highs on Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago.
Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way.
Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities.
The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.