Rite Aid Shareholders Scuttle Deal To Merge With Albertson'sOne of Rite Aid's biggest shareholders, Highfields Capital Management, said that deal was "in the best interests of Albertson's and Rite Aid management, but not Rite Aid shareholders."
Wells Fargo: Computer Glitch Denied Loan Modifications To Hundreds Of HomeownersThe bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases.
Mattel, Citing Toys 'R' Us Closure, To Cut More Than 2,200 JobsA Mattel spokesman said the job cuts will affect mainly its office workers worldwide and are part of the company's efforts to slash at least $650 million in costs.
Starbucks To Stop Offering Straws At All Locations By 2020A week after its hometown banned plastic drinking straws and utensils, the Seattle company said Monday that within two years, it will be using straws made from biodegradable materials like paper and specially designed lids.
Supreme Court Rules In Internet Sales Tax Case: States Can Charge Online ShoppersThe 5-4 ruling Thursday is a win for states, which said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that affected online sales tax collections.
Bumble Bee CEO Indicted On Price Fixing ChargeA federal grand jury indicted Christopher Lischewski, the CEO of Bumble Bee Foods, in connection with a packaged seafood price-fixing scam.
Stormy's Attorney Says 'Nonsense' That Trump Isn't Concerned About Cohen Cash StoryAnd Cohen wasn't the only one who tried to capitalize on Trump's victory.
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.