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Business News

Thursday, Jan 5, 2017 at 11:20 PM EST

Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant

Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant

Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a...

Thursday, Jan 5, 2017 at 01:01 PM EST

Sears to Sell Craftsman Tool Brand for $900M

Sears to Sell Craftsman Tool Brand for $900M

Sears is selling its well-known Craftsman brand to Stanley Black & Decker Inc., which plans to grow the tool brand by selling its products at more stores. Currently, only 10 percent of Craftsman products are...

Thursday, Jan 5, 2017 at 12:03 PM EST

Stanley Black & Decker to Buy Craftsman from Sears

Stanley Black & Decker to Buy Craftsman from Sears

New Britain-based Stanley Black & Decker has reached a deal worth hundreds of millions of dollars to buy the Craftsman brand from Sears and plans to expand the brand as well as sales of the products and add...

Thursday, Jan 5, 2017 at 10:23 AM EST

Macy's to Close 65 Stores in 2017, Cut 10K Jobs

Macy's to Close 65 Stores in 2017, Cut 10K Jobs

Macy's announced Wednesday it is shutting down 65 stores in 2017 and eliminating an estimated 10,000 jobs as it battles slowing sales and growing online competition. The closures are part of a previously...

Tuesday, Jan 3, 2017 at 03:42 PM EST

Sneaker Makers Stake Claim in Boston

Sneaker Makers Stake Claim in Boston

Shoe makers are racing to the Boston area as they compete for millennial talent. Reebok picked the city's rapidly growing Seaport District for its new global headquarters in December, following in the...

Tuesday, Jan 3, 2017 at 12:27 PM EST

Ford Cancels Mexico Plant, Will Reinvest in Michigan

Ford Cancels Mexico Plant, Will Reinvest in Michigan

Ford announced the cancellation of a new $1.6 billion plant in Mexico and will instead reinvest in Michigan.

Saturday, Dec 24, 2016 at 04:15 AM EST

Whole Foods Managers Fired for Whistleblowing: Lawsuit

Whole Foods Managers Fired for Whistleblowing: Lawsuit

Nine managers who were fired by Whole Foods supermarkets for allegedly manipulating a bonus program filed a class-action lawsuit against the grocery chain. According to the lawsuit filed this week in D.C....

Thursday, Dec 15, 2016 at 06:30 AM EST

CEOs of Tesla, Uber and Pepsi Join Trump's Business Council

CEOs of Tesla, Uber and Pepsi Join Trump's Business Council

The real-life Iron Man has agreed to help Donald Trump. Elon Musk, CEO of Tesla and SpaceX joined the president-elect’s business council on Wednesday, NBC News reported. Two other CEOs, Travis Kalanick of Uber...

Wednesday, Dec 14, 2016 at 07:07 AM EST

Walmart Pulls 'Offensive' Mugs From Website

Walmart Pulls 'Offensive' Mugs From Website

Walmart has removed a mug from its website after numerous shoppers reported it as “appalling” and “offensive.” The black and white coffee mug was posted to the retail giant’s site with the message “Got Retard?”...

Tuesday, Dec 13, 2016 at 02:48 PM EST

Hawaii's Last Sugar Mill Closes

Hawaii's Last Sugar Mill Closes

Workers delivered the final truckload of cane to Hawaii's last remaining sugar mill Monday, bringing an era that helped define the state to a close. KHNL's Lisa Kubota reports.

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Connecting You to the Penguin Plunge!
NBC Connecticut is connecting you with a “cool” way to give back to the community! We’re freezing for a reason at the 2017 Penguin Plunge, supporting Special Olympics of Connecticut! Read more
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