Business News

Wednesday, Feb 13, 2019 at 09:14 AM EST

Out of Bankruptcy, David's Bridal Trying Something New

Out of Bankruptcy, David's Bridal Trying Something New

David's Bridal already has something old: 60 years in the bridal industry. Now, having emerged from three months in bankruptcy proceedings, it is trying something new as start-up competition and millennial...

Wednesday, Feb 13, 2019 at 07:48 AM EST

Record Number of Americans Are 90 Days Behind on Car Payments

Record Number of Americans Are 90 Days Behind on Car Payments

As auto loan debt has soared, so has the number of people who can't pay, with the level of serious delinquencies breaking past the heights reached just after the financial crisis. More than 7 million Americans...

Wednesday, Feb 13, 2019 at 01:48 PM EST

Democrats Question Pledges in $26.5B T-Mobile-Sprint Deal

Democrats Question Pledges in $26.5B T-Mobile-Sprint Deal

Democratic lawmakers are challenging a pledge by T-Mobile and Sprint not to raise prices or hurt competition if their $26.5 billion merger goes through. Although T-Mobile says it won't raise prices for three...

Tuesday, Feb 12, 2019 at 02:08 PM EST

US Job Openings Jump to Record High of 7.3 Million

US Job Openings Jump to Record High of 7.3 Million

U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence that the job market is strong despite several challenges facing the economy. The Labor...

Monday, Feb 11, 2019 at 12:44 PM EST

Toys R Us Tries for a Comeback a Year After Going Out of Business

Toys R Us Tries for a Comeback a Year After Going Out of Business

Some former Toys R Us executives are looking to bring back the iconic retailer — Geoffrey the Giraffe and all. Toys R Us liquidated its business last year, unable to emerge from bankruptcy after a crippling...

Monday, Feb 11, 2019 at 08:56 AM EST

Millions of Americans Face Lower Tax Refund Check

Millions of Americans Face Lower Tax Refund Check

Millions of Americans could face a shocking tax season. According to the Internal Revenue Service, a drop in federal reimbursement stems from President Donald Trump’s new tax bill. New figures from the IRS...

Saturday, Feb 9, 2019 at 04:45 AM EST

For Amazon, Business as Usual Despite Bezos Drama

For Amazon, Business as Usual Despite Bezos Drama

First it was a heart-wrenching tweet that he and his wife were getting a divorce after 25 years. Then a tabloid revealed that he'd been having an affair, releasing texts and photos of him and his mistress. As...

Friday, Feb 8, 2019 at 03:44 PM EST

Payless ShoeSource Prepares for Bankruptcy, Store Closures

Payless ShoeSource Prepares for Bankruptcy, Store Closures

Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation tells CNBC. As part of the bankruptcy process, Payless is is looking...

Friday, Feb 8, 2019 at 03:52 PM EST

Wells Fargo Says It Is Working to Fully Restore Systems as Outage Spills Into Day Two

Wells Fargo Says It Is Working to Fully Restore Systems as Outage Spills Into Day Two

Amid a deluge of complaints that paychecks and other direct deposits weren't going through to customer accounts, Wells Fargo on Friday said it has corrected the issue and transactions should now be reflected in...

Thursday, Feb 7, 2019 at 07:45 PM EST

Eddie Lampert's $5.2B Deal to Buy Sears Granted Approval

Eddie Lampert's $5.2B Deal to Buy Sears Granted Approval

Sears Holdings was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by a federal bankruptcy court judge. ESL has...

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