Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more. In a letter sent to workers Monday, CEO Howard Schultz said that the amount of the raise —...
Oil prices fell nearly 5 percent on Thursday after a government report on fuel stocks reinforced worries about an oil glut.
The report said that crude inventories are declining at a slower pace than expected.
Wednesday, Jul 6, 2016 at 05:16 PM EDT
You Can Now Pay With Phone at All US Wal-Mart Stores
Wal-Mart will now let you pay with its phone app at all 4,600 stores nationwide.
The effort is part of Wal-Mart's strategy to make shopping easier and faster, while learning more about consumer behavior.
Hershey's board of directors said Thursday it has unanimously rejected a bid by Mondelez to aquire the chocolate-giant in what would have united two of the world's largest candy-makers.
The company said in...
Thursday, Jun 23, 2016 at 11:10 PM EDT
Asian Stocks Volatile as Investors Await UK Vote Results
In volatile trading, Asian stock markets fell sharply on Friday with Tokyo stocks, U.S. futures and oil prices plunging as the early results in Britain's referendum challenged the earlier anticipation that...
Thursday, Jun 23, 2016 at 05:41 PM EDT
US Stocks Closer Higher as UK Votes on Brexit Referendum
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 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...
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...