Nike wants to be more nimble on its feet. The sneaker maker said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs.
Aldi and its European rival Lidl, which opens its first U.S. store this week, are hoping to change the way people shop with their smaller, no-frills stores filled mostly with house brands that tend to cost less.
SEATTLE – Boeing plans to shift another work group away from the Puget Sound region. The Seattle Times reports the company confirmed Wednesday the work shifting to Mesa, Arizona, could involve hundreds of jobs.
The Chinese government has granted preliminary approval for nine Donald Trump trademarks it had previously rejected, in whole or in part, the Associated Press found, a turn that is likely to fuel further allegations that Beijing may be giving the president’s family business special treatment.
Fifteen people in a middle-income neighborhood near an airport in Southampton, New York – seaside playground of the rich and famous – are suing 3M Co. and other makers of a chemical called PFOS that went into a foam used to fight fires on the tarmac.
The bank said the customers will get back fees they paid and be fully compensated for damage done to their credit scores, according to documents filed early Wednesday to settle several class-action lawsuits.
Thirty-nine reporters and editors at HuffPost were laid off Wednesday in connection with Verizon Communications Inc.’s acquisition of Yahoo Inc., according to the union representing the website’s editorial staffers.
The Federal Reserve has raised its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.