Minnesota will lose 20 department stores in coming months as the corporate parent of Herberger’s shutters all of its 250 locations, the company announced Thursday. Bon-Ton Stores Inc., which is headquartered in Milwaukee and York, Pa., was bought out of bankruptcy by liquidators on Tuesday and will begin companywide going-out-of-business sales on Friday, according to […]

If it’s possible, Bed Bath & Beyond may have gone both too far beyond and not far enough. As the retailer has struggled with flat sales, falling profit margins and a general berating from shareholders and analysts alike, it has had to face the fact that it is no longer a darling of retailing the […]

Facebook announced the steps it will take to comply with a strict European privacy law known as the General Data Protection Regulation (GDPR) which comes into force on May 25. The social network will begin asking users to review information on whether they want to see ads from partners, if they want to continue sharing […]

Whenever a company may be guilty of something, from petty neglect to grand deception, there’s usually a class action lawsuit filed. But until a judge rules that lawsuit legitimate, the threat remains fairly empty. Unfortunately for Facebook,  one major suit from 2015 has just been given that critical go-ahead. The case concerns an Illinois law that prohibits […]

S&P 500 futures up 0.4 pct, Asia shares more mixed * Market assumes US-led Syria action over for time being * Oil and Treasury prices ease, yen dips in limited reaction * Future of Japan PM Abe in doubt as polls worsen SYDNEY, April 16 – Asian share markets were mixed and oil prices fell […]

Facebook CEO Mark Zuckerberg took home just $1 for his annual base salary last year, but the company shelled out nearly $9 million on his security and private planes. A new public filing shows Facebook significantly increased the amount it spent on keeping Zuckerberg safe in 2017, upping such expenses more than 50% from the […]

NEW YORK – Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors. The S&P banks index fell 2.6 percent and the broader S&P financial index lost 1.6 percent, the most among the 11 major S&P sectors. […]

President Donald Trump again accused Amazon of costing the US Post Office “billions of dollars.” In fact, federal regulators have found that contract to be profitable for the Postal Service. (April 3) AP President Trump has formed a task force to study the finances and operations of the U.S. Postal Service, just 10 days after he […]

NEW YORK – Oil prices edged off highs last reached in late 2014, pressured by a stronger dollar, but crude futures still drew support from mounting political tension in the Middle East and shrinking global oil inventories. Brent crude futures were at $71.67 a barrel at 11:48 a.m. EDT (1548 GMT), down 39 cents. U.S. […]

Xi Jinping should avoid responding to U.S. tariffs by punishing markets. China’s global financial ambitions would be among the casualties. Many of the proposals or suggestions on how China might respond to U.S. tariffs have the air of “Surrender or I will shoot myself in the foot.” They may not only hurt China, but damage […]