Home » Archive by category Business (Page 26)

GDP Growth Raised for 3Q; Inventories May Weigh on 4Q

WASHINGTON — The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year. The Commerce Department said Tuesday that the nation’s gross...
Continue reading

A Look at the Hot Toys for Holiday 2015

NEW YORK–which toys will warm the hearts of parents and kids for the holiday 2015 shopping season? Holiday toys hit the shelves in recent weeks. And so far, just as in the past few years, there’s no single hot toy emerging. But anything “Star Wars,” lifelike robotic pets...
Continue reading

Sears Posts Smaller Quarterly Loss as Sales Keep Sliding

Sears Holdings (SHLD) reported a smaller quarterly loss Thursday as it slashed advertising and payroll costs, but the struggling retailer’s sales continued to tumble, hurt by weak apparel demand. The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders...
Continue reading

Alibaba Unlikely to Be Interested in Yahoo’s Core Business

Chinese e-commerce giant Alibaba Group Holding is unlikely to be interested in buying Yahoo’s Internet business, The Wall Street Journal reported. Yahoo’s board, in a three-day meeting that started Wednesday, is weighing a sale of the struggling business, Reuters reported Tuesday, citing a source. The business isn’t attractive,...
Continue reading

How to Avoid Holiday Season Credit Card Rip-Offs

“Buy now, pay later” is the modern way of life. Credit cards are a highly profitable business for the companies that issue them, so it’s no surprise that banks continue to inundate consumers with credit card offers, especially during the shopping frenzy of the holiday season. These come-ons...
Continue reading

GE Scraps $3.3 Billion Appliance Unit Sale to Electrolux

GE has scrapped a $3.3 billion plan to sell its home appliance business to the Swedish company Electrolux, a deal opposed by U.S. regulators over concerns about competition. The Fairfield, Connecticut, conglomerate said that it will continue to run the business as it looks for other options to...
Continue reading