Virgin Galactic took a major step in its space tourism project on Thursday as it unveiled its new Mission Control at a spaceport in New Mexico. AFP quoted the British spaceflight company's Chief Executive George Whitesides as saying the first commercial space flight carrying paying passenger…
The struggling department chain, J.C.Penny Company Inc. said it partnered with ThredUP, a fashion resale website through which consumers can buy and sell secondhand clothing.
Ford Motor Co. issued a recall for 108,399 Ford Fusion and Lincoln MKZ sedan cars in the United States and federal territories as well as in Canada and Mexico.
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July, partly reflecting the impact of online retail giant Amazon's (AMZN) Prime Day promotion. The report said retail sales climbed by 0.7 percent in Ju…
Boeing Co. did not receive any new orders for its beleaguered 737 Max jets last month as the worldwide grounding of the plane continues. All Boeing 737 MAX aircrafts, including the 8 and 9 variants, were grounded by the Federal Aviation Administration (FAA) from March 13 following crashes in…
Domino's Pizza announced the launch of e-bike program for delivery of pizzas in stores across the United States. The e-bikes have small integrated motors to assist with pedaling, and can run for 25 to 40 miles, before needing a recharge. The custom e-bikes for delivery include front and rear…
US aviation safety regulators banned some MacBook Pro laptops on flights. The move comes less than two months after Apple recalled the older laptops over a risk of battery fire, Bloomberg reported. The U.S. Federal Aviation Administration reportedly said it was "aware of the recalled batteri…
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Olive Garden announced the return of its Never Ending Pasta Pass for a sixth year and also introduced a first-of-its-kind $500 Lifetime Pasta Pass. According to the casual dining restaurant chain, 24,000 Never Ending Pasta Passes are available this year, priced at $100 plus tax. Last year, t…
Nike Inc. has forayed into the subscription service market with the launch of its first footwear subscription service for children. The new service, called the "Nike Adventure Club" is intended to meet the shoe needs of children, who quickly outgrow their shoes. It is also designed to make s…
Stocks have moved mostly higher in morning trading on Thursday, extending the rebound from the early sell-off seen in the previous session. With the upward move, the major averages are further offsetting the steep losses posted on Monday. The major averages have seen further upside in recent…
FedEx Corp. said that it would not renew its ground-delivery contract with Amazon when it expires at the end of this month. "This change is consistent with our strategy to focus on the broader e-commerce market," FedEx said in a statement. FedEx said in June that its Express unit wouldn't ex…
Walmart Inc. has no plans to end selling of firearms despite the retail giant's stores being the scene of two shootings recently. 22 people were killed when a 21-year-old gunman opened fire at a Walmart store in the town of El Paso, Texas, on Saturday. Days earlier, two Walmart employees wer…
Walgreens Boots Alliance, Inc. said it plans to close about 200 locations in the U.S., as part of the drugstore chain's efforts to cut costs. During its earnings call for the first quarter ended May 31, 2019, Walgreens had also announced plans to close about 200 stores in the United Kingdom.…
The world's richest man is on a stock selling spree. Amazon.com Inc.'s founder and Chief Executive Officer Jezz Bezos sold more than 500,000 shares in the e-commerce giant in the first two days of August, raising $990 million. According to documents filed with the Securities and Exchange Com…
California-based Super Jumper Inc. recalled around 23 thousand trampolines that were sold for around eight years after injuries were reported. In a statement, the company along with the U.S. Consumer Product Safety Commission announced that the recalled trampolines' welds on the metal railin…
In an effort to help an industry hurt by his trade war with China, President Donald Trump announced an agreement Friday intended to boost beef exports to the European Union.
Boeing Co. is reportedly planning a comprehensive change in the 737 Max flight control system's software after a flaw was discovered by the U.S. Federal Aviation Administration, or FAA, in June. This is on top of the previously announced software changes planned by the company. Boeing had ea…
Lowe's is laying off thousands of workers. The company plans to outsource jobs of maintenance and assembly workers to third-party companies. The assembly workers put together products such as wheelbarrows and grills, according to the reports. The move is a sign that new chief Executive Offic…
After moving significantly higher over the course of morning trading on Thursday, stocks pulled back sharply after President Donald Trump announced plans to impose a 10 percent tariff on the remaining $300 billion worth of Chinese imports. The major averages climbed off their worst levels go…
The latest round of U.S.-China trade talks ended without a major breakthrough. The 12th round of talks between the two economic powerhouses lasted just half a day, and at the end of the talks held in Shanghai, both sides agreed to meet again in September to continue negotiations to resolve t…
“Girl Power” will soon get a new look. A recent survey of their consumers inspired Mattel, the makers of Barbie, to take a fresh look at the role models for the popular doll. The manufacturer plans for 17 new dolls, dedicated to talented women who inspired the world.
After showing a lack of direction for much of the session, stocks came under pressure late in the trading day on Wednesday in reaction to comments from Federal Reserve Chairman Jerome Powell offsetting optimism about future interest rate cuts. The major averages climbed off their worst level…
