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Stories tagged: national-business


UPDATED: Mon., Oct. 15, 2018, 3:46 p.m.

Political contests erupt as cities and hotel industry struggle to curb Airbnb

The explosive growth of short-term rentals – such as Airbnb – around the country has pushed local governments to rein in the practice, with help from the hotel industry, which …


Bank of America 3Q profits rise 32 percent, beats forecasts

Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower …


Sears files for bankruptcy just as things are looking up for U.S. retail

A year ago, a Sears bankruptcy would have fit better into the U.S. retail narrative, given the steady decline of shopping malls and foundering chains. Today, however, with shoppers feeling …


Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

Sears once dominated the American retail landscape. But the big question is whether the shrunken version of itself can be viable or will it be forced to go out of …


UPDATED: Sun., Oct. 14, 2018, 5:43 p.m.

How the tequila boom could go bust

Volatile agave prices have soared, thanks in part to high tequila demand. According to an industry survey, the plant can cost as much as 25 pesos ($1.31) per kilogram, up …


Nerd Wallet: How to fund college if you didn’t save enough

Here are some steps to take now to secure an affordable education – and avoid crushing debt.


UPDATED: Fri., Oct. 12, 2018, 6:07 p.m.

Sears is hammering out deal to stay open in bankruptcy

Negotiations over the fate of Sears Holdings Corp. have moved away from a possible liquidation toward a plan that would keep some stores open through Christmas, according to a person …


Facebook says it purged more than 800 spam accounts, pages

Facebook said it has purged more than 800 U.S. pages and accounts for spamming users with politically-tinged garbage links and clickbait just weeks ahead of the U.S. midterm elections.


UPDATED: Thu., Oct. 11, 2018, 8:36 p.m.

Stocks continue plunge; Dow’s two-day loss reaches 1,300 points

U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow …


Delta profits soar as demand drives ticket prices higher

Delta topped third-quarter profit expectations with strong travel demand pushing ticket prices higher.


UPDATED: Wed., Oct. 10, 2018, 6:48 p.m.

After backlash, Amazon to boost pay for longtime workers

Amazon, facing a backlash from longtime warehouse workers who say its $15 hourly minimum wage wouldn’t benefit them, will now provide a bigger raise.


Tesla faces huge bills in 143 days

One hundred and forty-three days. That’s how much time Elon Musk has till the big bills start coming due in the debt market.


Generic drugmakers get boost as FDA moves to help copycats

The U.S. Food and Drug Administration will make it easier for pharmaceutical companies to bring more complex – thus more profitable – generic drugs to market, throwing a crucial lifeline …


Jack in the Box franchisees want to oust CEO

Franchisees are hoping to dump Jack in the Box Chief Executive Officer Lenny Comma.


UPDATED: Tue., Oct. 9, 2018, 2:28 p.m.

Virgin Galactic is weeks away from reaching space, CEO says

A few months after another successful test flight over the Mojave Desert, billionaire Richard Branson says his space company, Virgin Galactic, might be out among the stars in a matter …


UPDATED: Mon., Oct. 8, 2018, 3:46 p.m.

2,700 workers at major Hawaii hotels join national strike

About 2,700 Marriott employees on Oahu and Maui on Monday joined the strike that began last week in Boston, San Francisco and other cities.


UPDATED: Mon., Oct. 8, 2018, 3:06 p.m.

Apple to U.S. lawmakers: China did not hack us, as reported

Apple is strongly denying to Congress an explosive report that its products have been compromised by the Chinese government.


Illy aims for independence by selling coffee capsules with JAB

Illycaffe SpA is teaming up with Mondelez International Inc. and one of Europe’s richest families to sell branded capsules that work in Nespresso machines worldwide, seeking a boost that will …


UPDATED: Mon., Oct. 8, 2018, 2:59 p.m.

Facebook unveils the Portal, a video-chat camera for people who still trust Facebook

Facebook is launching the first electronic device to bear its brand, a screen and camera-equipped gadget intended to make video calls easier and more intuitive. But it’s unclear if people …


UPDATED: Fri., Oct. 5, 2018, 9:11 a.m.

Record imports push U.S. trade gap to $53.2 billion in August

Record imports drove the U.S. trade deficit up for the third straight month in August. The deficit in the trade of goods with China and Mexico hit records.


UPDATED: Fri., Oct. 5, 2018, 8:02 p.m.

U.S. unemployment drops to 3.7 percent for first time since 1969

The jobless rate, the government reported Friday, is now at its lowest level since the 3.5 percent it reached 49 years ago. And the strength looks likely to endure. There …


Lagunitas lays off 12 percent of workforce as growing craft beer market faces pressure

Facing pressure from an increasingly crowded craft beer market, Lagunitas Brewing Co. announced this week that it is laying off 12 percent of its workforce, more than 100 employees companywide.


Arizona company recalls more than 6.5 million pounds of beef

An Arizona company has recalled more than 6.5 million pounds of beef that could be contaminated with salmonella.


Thousands of Northern California hotel workers join strike

Thousands of housekeepers, cooks and other workers at Marriott-affiliated hotels went on strike in San Francisco and San Jose Thursday after months of negotiations for a wage increase.


DeVos to miss deadline in easing college fraud protections

Students defrauded by for-profit colleges will get a reprieve from the Education Department’s push to ease regulations for those schools because the government said it would miss a deadline for …


UPDATED: Wed., Oct. 3, 2018, 6:10 p.m.

Holiday sales expected to grow in a strong economy

The National Retail Federation, the nation’s largest retail trade group, says it expects sales in November and December to rise between 4.3 percent and 4.8 percent to $717.45 billion to …


Barnes & Noble still searching for search firm after CEO ouster

Barnes & Noble shareholders anxious for a new chief executive officer have some more waiting to do.


UPDATED: Wed., Oct. 3, 2018, 11:04 a.m.

GM, Honda team up to produce self-driving vehicles

General Motors and Honda are teaming up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation.


J.C. Penney names former Jo-Ann’s Stores exec as CEO

J.C. Penney is counting on a former CEO of the nation’s largest fabric and crafts chain to inject some energy into the struggling department store chain.


Walmart to buy online plus-size women’s brand Eloquii

Walmart says it’s acquiring an online plus-size fashion brand called Eloquii Design Inc., extending its buying spree of niche brands as it tries to compete better with online leader Amazon.com