NEW YORK — Sales at U.S. retailers and restaurants were unchanged in October from September as consumers moderated their spending amid worries about higher prices and other economic uncertainties after splurging over the summer. But […]
NEW YORK — Young jobseekers, challenged by a rapidly changing labor market, are having a tough time. The U.S. unemployment rate for 22- to 27-year-old degree holders is the highest in a dozen years outside […]
Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again. Keurig Dr Pepper said Monday it is buying the owner of Peet’s Coffee for $18 billion and will […]
WASHINGTON, D.C. — Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel. The suit, filed […]
NEW YORK — Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, […]
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the conglomerate to split into two separate companies. In a letter sent to Honeywell’s board, […]
NEW YORK — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won’t break the habit. […]
ATLANTA — Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the […]
NEW YORK — Troubled trucking company Yellow Corp. is shutting down and headed for a bankruptcy, the Teamsters said Monday. An official bankruptcy filing is expected any day for Yellow, after years of financial struggles […]
RALEIGH — It’s only been nine months since Dewitt Carolinas, Inc., broke ground on 1000 Social, the first of two twelve-story office towers set to go up at their new billion-dollar development on St. Albans Dr., […]
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