Unemployment Drops To 3.9 Percent, Lowest In 17 YearsThe unemployment rate hit 3.9% in April, breaking below 4 percent for the first time since December 2000.
By 2020, Ford Will Stop Making Everything Except Mustangs, Focus CrossoversThe decision, which Hackett said was due to declining demand and profitability, means Ford will no longer sell the Fusion midsize car, Taurus large car, CMax hybrid compact and Fiesta subcompact in the U.S., Canada and Mexico.
Most Americans Don't Know Instagram Is Owned By Facebook ― And That's No Accident
Federal Reserve Raises Key Interest Rate By A Quarter-PointThe Fed is boosting its key short-term rate by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent and will keep shrinking its bond portfolio. Both steps show confidence that the U.S. economy remains sturdy nearly nine years after the Great Recession ended.
Teen Jewelry Store Claire's Files For BankruptcyClaire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.
Albertsons Buys Rite Aid In Health Care PushAlbertsons Companies executives said Tuesday that their purchase of Rite Aid's more than 2,500 remaining stores will help the combined company become a "leader in food, health and wellness."
The Doctor's In, But Jury Is Out On New LA Times OwnerSoon Shiong, 65, who said his ultimate goal is to cure cancer during his lifetime, has been the subject of several unflattering reports, including in the Times, which raised concerns about conflicts of interest.
Los Angeles Times Sold To Local Billionaire For $500 MillionThe Los Angeles Times is being sold to a local billionaire for $500 million, ending its strained tenure under the owner of the Chicago Tribune.
Casino Mogul Steve Wynn Resigns As CEO Amid Sexual Misconduct ClaimsThe Las Vegas-based company in a statement said Wynn's resignation was effective immediately. It came less than two weeks after the Wall Street Journal reported that a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement.
Amazon, JPMorgan, Berkshire Creating New Health Care CompanyAmazon is diving into health care, teaming up with Warren Buffett's Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care "at a reasonable cost."
Toys 'R' Us To Close 182 Stores Across The CountryToys "R" Us is shutting down a fifth of its stores, including dozens in California.
Amazon Debuts Cashier-Less StoreMore than a year after it introduced the concept, Amazon is opening its artificial intelligence-powered Amazon Go store in downtown Seattle.
Dow 26,000: Stock Market A Runaway Freight TrainSeven trading days. That's how long it took the Dow to rocket from 25,000 to 26,000.
Dow Opens By Blowing Past 25,000 For First TimeThis stock market doesn't obey speed limits. It just blasted through another barrier: Dow 25,000, barely a month after it cracked 24,000 for the first time.
$69 Billion CVS Health-Aetna Merger Could Mean More ServicesCVS Health wants to do much more than fill your prescription or jab your arm with an annual flu shot.