Sears Files For BankruptcySears says it will "close 142 unprofitable stores near the end of the year. Liquidation sales at these stores are expected to begin shortly. This is in addition to the previously announced closure of 46 unprofitable stores that is expected to be completed by November 2018."
Investors Who Shut Down Toys 'R' Us Now Planning To Revive The BrandThe group now believes that it stands a better chance of a realizing a return on its investment by potentially reviving the toy chain, rather than selling it off for parts.
Amazon Raises Minimum Wage To $15 For All US WorkersAmazon said the $15 minimum wage will apply to more than 250,000 employees and 100,000 seasonal holiday employees. Workers hired by temp agencies will also receive the $15-per-hour wage.
California Passes Net Neutrality Law As Justice Department Says They're SuingBarbara van Schewick, a professor at Stanford Law School, says the California bill is on solid legal ground and that California is within its legal rights.
Elon Musk Smokes Pot In Joe Rogan Interview; Tesla Shares TumbleTesla chief executive Elon Musk, already under scrutiny for his public outbursts, appeared to smoke marijuana during a live interview with comedian Joe Rogan.
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.