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Business News

Monday, Aug 28, 2017 at 02:54 AM EDT

Uber Selects Expedia CEO to be Its New Chief: Sources

Uber Selects Expedia CEO to be Its New Chief: Sources

Expedia CEO Dara Khosrowshahi has been named Uber's top executive, taking the difficult job of mending the dysfunctional ride-hailing giant and turning it from money-losing behemoth to a profitable company. Ub...

Thursday, Aug 24, 2017 at 04:14 PM EDT

Amazon to Lower Some Prices at Whole Foods

Amazon to Lower Some Prices at Whole Foods

Amazon announced Thursday that its $13.7 billion acquisition of Whole Foods will close on Monday, CNBC reported. As the two companies work to integrate their business, all customers will immediately see "lower...

Thursday, Aug 24, 2017 at 06:46 PM EDT

Sears to Close Another 28 Kmart Stores Nationwide

Sears to Close Another 28 Kmart Stores Nationwide

Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores. The Hoffman Estates, Illinois...

Thursday, Aug 24, 2017 at 06:51 AM EDT

AAA Study: True Cost of Car Ownership in 2017

AAA Study: True Cost of Car Ownership in 2017

The costs of owning and operating a brand-new car in the United States can cost on average $8,469 annually, or $706 a month, according to a new study from the American Automobile Association. AAA's Your Driving...

Wednesday, Aug 23, 2017 at 06:46 PM EDT

Whole Foods Shareholders OK Amazon Takeover Deal

Whole Foods Shareholders OK Amazon Takeover Deal

Whole Foods shareholders and federal regulators approved Amazon's $13.7 billion acquisition of the organic grocer, a deal that could bring big changes to the supermarket industry and how people order groceries...

Tuesday, Aug 22, 2017 at 04:20 PM EDT

Famed Village Voice Announces End of Print Edition

Famed Village Voice Announces End of Print Edition

The Village Voice, the famed alternative weekly that's been in print for decades, is going online only.

Friday, Aug 18, 2017 at 11:40 PM EDT

Walmart Files Patent for Floating Warehouse

Walmart Files Patent for Floating Warehouse

Walmart has applied for a U.S. patent for a warehouse in the sky, which could make deliveries to shoppers' homes with drones. CNBC reported that it could be the big-box retailer's latest move to take its...

Thursday, Aug 17, 2017 at 11:54 AM EDT

Docs Criticize Move by Top Drug Middleman to Limit Opioids

Docs Criticize Move by Top Drug Middleman to Limit Opioids

The nation's largest pharmacy benefit manager will soon limit the number and strength of opioid drugs prescribed to first-time users as part of a wide-ranging effort to curb an epidemic affecting millions of...

Wednesday, Aug 16, 2017 at 05:54 PM EDT

Facebook Bans White Nationalist's Accounts Over Hate Speech

Facebook Bans White Nationalist's Accounts Over Hate Speech

Facebook has banned the Facebook and Instagram accounts of a white nationalist who attended the rally in Charlottesville, Virginia, that ended in deadly violence. Facebook spokeswoman Ruchika Budhraja tells The...

Tuesday, Aug 15, 2017 at 06:31 PM EDT

After Sales Scandal, Wells Fargo Announces Board Shakeup

After Sales Scandal, Wells Fargo Announces Board Shakeup

Wells Fargo announced a board shakeup Tuesday, including the coming retirement of three directors, in a restructuring effort following the bank's consumer sales scandal, CNBC reported. Elizabeth "Betsy" Duke...

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