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Business News

Friday, Sep 8, 2017 at 04:34 PM EDT

Feds Probe Uber's Tracking of Lyft Drivers: AP Sources

Feds Probe Uber's Tracking of Lyft Drivers: AP Sources

The Justice Department in Manhattan is investigating whether Uber illegally used software to track drivers for Lyft, its main ride-hailing competitor, to gain an advantage in attracting and recruiting drivers...

Friday, Sep 8, 2017 at 01:40 PM EDT

Target Announces Price Cuts, Sending Shares Tumbling

Target Announces Price Cuts, Sending Shares Tumbling

Target shares dropped after the retailer posted a blog on Friday about lowering prices on thousands of items, CNBC reported. The price cuts will be on items including cereal, paper towels, baby formula, razors...

Thursday, Sep 7, 2017 at 08:24 PM EDT

Equifax Execs Sold Stock Before Revealing Massive Breach

Equifax Execs Sold Stock Before Revealing Massive Breach

A data breach discovered in July may have affected as many as 143 million U.S. consumers, credit tracker Equifax said Thursday. And three of the company's executives sold nearly $2 million in Equifax shares days...

Wednesday, Sep 6, 2017 at 05:39 PM EDT

FB Sold Political Ads to Russian Company During Election

FB Sold Political Ads to Russian Company During Election

It is “likely” Russian political operatives spent $100,000 on Facebook ads with “divisive messages” between June 2015 and May 2017, the company said Wednesday. In a blog post on the issue and the company’s...

Wednesday, Sep 6, 2017 at 05:46 PM EDT

Trump's Harsh Message to Immigrants Could Drag on Economy

Trump's Harsh Message to Immigrants Could Drag on Economy

James Harrison, the owner of a Phoenix-based specialty construction firm, employs three workers protected by an Obama-era immigration program that the Trump administration took steps Tuesday to eliminate...

Wednesday, Sep 6, 2017 at 01:23 PM EDT

Gap to Shift Focus to Old Navy, Athleta Stores

Gap to Shift Focus to Old Navy, Athleta Stores

Gap Inc. plans to shift its focus to its growing Old Navy and Athleta stores, and away from the Gap and Banana Republic brands. The company said Wednesday it will close about 200 Gap and Banana Republic...

Tuesday, Sep 5, 2017 at 09:48 PM EDT

Chipotle Says Queso Will Fill Gap in Menu, Boost Sales

Chipotle Says Queso Will Fill Gap in Menu, Boost Sales

Chipotle hopes its new queso dip will satisfy its customers' cravings — and help reinvigorate sales that have been hurt by food scares. The Mexican food chain said it will begin offering all-natural warm...

Tuesday, Sep 5, 2017 at 01:12 PM EDT

Lego to Cut 8 Percent of Its Staff as Sales Drop

Lego to Cut 8 Percent of Its Staff as Sales Drop

Danish toy maker Lego, which has a main office in Enfield, Connecticut, says it will cut 1,400 jobs, or about 8 percent of its global workforce, after reporting a decline in sales and profits in the first...

Tuesday, Sep 5, 2017 at 12:45 AM EDT

Storied NY Tabloid Daily News Sold to Tribune Spin Off

Storied NY Tabloid Daily News Sold to Tribune Spin Off

Newspaper publisher Tronc has acquired the Daily News, a storied New York tabloid newspaper that won a Pulitzer Prize this year but has been buffeted by the changing media environment. Chicago-based Tronc Inc.,...

Friday, Sep 1, 2017 at 10:26 PM EDT

Roku Seeks $100M in IPO

Roku Seeks $100M in IPO

Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies. Roku listed a $100 million fundraisi...

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'Supporting Our Schools' Supply Drive and How You Can Help
'Supporting Our Schools' Supply Drive and How You Can Help
NBC Connecticut, together with Travelers and Hoffman Auto Group are joining forces for the 2017 Supporting Our Schools drive. All proceeds will benefit students and schools affiliated with the Boys & Girls Clubs... Read more
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