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Thursday, May 12, 2016 at 05:37 AM PDT

Macy's Forecast Cut Ignites Retail Worries

Macy's Forecast Cut Ignites Retail Worries

Macy's reported disappointing quarterly sales Wednesday and slashed its full-year forecast, underscoring a slump in apparel demand at U.S. department stores, NBC News reported. The bleak start to 2016...

Wednesday, May 11, 2016 at 07:18 PM PDT

Nissan & Mitsubishi in Talks on Partnership

Nissan & Mitsubishi in Talks on Partnership

Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn. Both companies acknowledged Thursday they were in talks on various issues...

Monday, May 9, 2016 at 11:52 AM PDT

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme is being taken private by JAB Beech in a deal worth approximately $1.35 billion. The doughnut company's stock soared more than 23 percent in Monday premarket trading. Krispy Kreme has more...

Sunday, May 8, 2016 at 03:56 PM PDT

Gas Prices Jump by 9 Cents Over Past 2 Weeks

Gas Prices Jump by 9 Cents Over Past 2 Weeks

The average price of gasoline has jumped by 9 cents over the past two weeks to $2.27 a gallon for regular grade. Industry analyst Trilby Lundberg said Sunday that the hike is mostly due to crude oil prices...

Thursday, May 5, 2016 at 03:14 PM PDT

Proposed Rule May Allow Class-Action Suits Against Banks

Proposed Rule May Allow Class-Action Suits Against Banks

A rule proposed Thursday by the Consumer Financial Protection Bureau may ban mandatory arbitration clauses that prevent consumers from filing class-action lawsuits against their banks and credit card companies...

Wednesday, May 4, 2016 at 09:17 AM PDT

Hulu Will Offer Live-Streaming Service in 2017

Hulu Will Offer Live-Streaming Service in 2017

Hulu will offer a live-streaming service in 2017 that will provide a mix of cable and broadcast programming as well as news, sports and events. That pits the streaming service against similar offerings...

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