Struggling home furnishings retailer Pier 1 Imports, Inc. said it filed for Chapter 11 bankruptcy protection as it is initiating a sale process. The company is in discussions with multiple potential buyers. In a statement, the company said it has also entered into a Plan Support Agreement or…
A U.S. District judge ruled in favor of Sprint corp.'s (S) $26 billion merger deal with T-Mobile US Inc. (TMUS), dismissing a lawsuit brought by a group of State Attorneys General. The ruling has cleared one of the final hurdles for the deal. But the deal still needs the California Public Ut…
Amazon.com Inc.'s founder and Chief Executive Officer Jeff Bezos is continuing his stock selling spree. According to regulatory filings, the world's richest man has sold more than 2 million shares of Amazon In the past week, for more than $4 billion. The latest transaction was disclosed on F…
What’s Valentine’s Day without the iconic candy conversation hearts? Last year the conversations went silent as Necco, the candy company that produced SweetHearts, went bankrupt. The Spangler Candy Company purchased the brand that same year, but not quickly enough to restock shelves with the…
Approximately 2,000 pounds of raw ground beef products have been recalled due to possible contamination, according to a news release from the U.S. Department of Agriculture Food Safety and Inspection Service.
Topeka, Kansas -- Payless ShoeSource is relaunching in the U.S. after closing all 2,100 of its stores here last year due to bankruptcy, according to a company press release.
Toyota Motor Corp. is recalling around 696 thousand Toyota and Lexus brand vehicles in the U.S. to fix fuel pumps that may stop operating.
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Subaru of America, Inc. and Mercedes-Benz USA, LLC. have both announced recalls from the National Highway Traffic Safety Administration (NHTSA) for various models.
With a view to promoting a healthy workforce, U-Haul announced its plans to decline job applicants who use nicotine, starting February 1 in 21 states. The Phoenix, Arizona-based moving equipment and storage rental company noted that Arizona is among the 21 states where it is lawful to declin…
Boeing Co. (BA) said Monday its chief executive officer Dennis Muilenburg has resigned from the company, effective immediately. The troubled aerospace giant's chief financial officer Greg Smith will serve as interim chief executive officer during a brief transition period. Boeing, which has …
General Motors Co. has issued two recalls for more than 900,000 cars and trucks worldwide for faulty brake software and battery-related fire risks. The recalls cover around 814,000 vehicles in the United States, and some vehicles are included in both recalls, according to the National Highwa…
For the eighth consecutive year, the National Aeronautics and Space Administration (NASA) has been selected as the Best Place to Work in the U.S. Federal Government. "NASA's selection as the Best Place to Work in Government for the eighth year in a row is a testament to the excellence of our…
Ford Motor Co. plans to invest more than $1.45 billion and add 3,000 new jobs at two southeast Michigan plants to build new trucks and SUVs, as well as to further expand into electric and autonomous vehicles. Ford will invest about $750 million and add 2,700 new direct jobs at its manufactur…
After months of negotiations, U.S. and Chinese officials announced Friday the two economic superpowers have reached an agreement on a phase one trade deal. The agreement includes suspending planned tariffs on Chinese goods as well as scaling back existing tariffs in exchange for Chinese stru…
Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is …
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended November 30th. The report said initial jobless claims slipped to…
Cyber Monday (the first Monday after Thanksgiving) has become part of the lexicon of American society. In fact, it is estimated that over two-thirds of all worldwide nations now participate in Cyber Monday. But just when did such a day come into existence, and how?
Moorestown, N.J. -- Nicole Crafts, owner of craft retailer A.C. Moore, announced on Monday that they will be closing all 140 stores. Some of the stores will be replaced by a Michaels store. No timeline has been set yet for store closure dates.
Allentown, Pa. -- PPL Electric Utilities was awarded the 2019 ReliabilityOne™ Most Improved Utility Award this week for its dramatic improvements to grid reliability over the past decade. The award is presented to utility companies in recognition of notable sustained improvements in their se…
Potential presence of foreign material introduced during production
Silver Spring, Md. -- The U.S. Food and Drug Administration says discount chain retailer Dollar Tree may be selling potentially unsafe drugs and cosmetics from foreign manufacturers. Earlier this month, the FDA issued a warning letter to Dollar Tree regarding the potentially unsafe products.
Boeing is hoping to resume deliveries of the 737 MAX aircraft to airline customers in December, when the Federal Aviation Administration (FAA) is expected to issue an Airworthiness Directive rescinding the grounding order following certification, according to a progress report issued by the …
