Business

Walgreens, Rite Aid Trim Store Purchase Deal to $4.38B

Walgreens and Rite Aid have finally devised a deal between the nation’s largest and third-largest drugstore chains that will get past antitrust regulators. The companies said Tuesday that they have…

Read more »

Toys R Us Files for Chapter 11 Reorganization

Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations. A statement by the Wayne,…

Read more »

Banks and Tech Stocks Lead Midday Gains for U.S. Indexes

Banks led U.S. stocks modestly higher in midday trading Monday, extending the market’s gains from last week. Technology companies also were among the biggest gainers, while utilities and real estate…

Read more »

U.S. Homebuilder Sentiment Falls in September

U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials. Even…

Read more »

Business Briefs – September 17, 2017

U.S. Retail Sales Dipped 0.2 Pct. In August as Auto Sales Fell WASHINGTON& (AP) – Consumers cut back on their shopping in August by the largest amount in six months,…

Read more »

Stocks Set New Highs, Dollar Weakens on Data

A gauge of global equities rose and shares on Wall Street set new highs on Friday as investors shrugged off the latest missile test by North Korea, while the dollar…

Read more »

Harvey’s Insured Losses Estimated to Cost Nearly $19B

The nation’s largest state insurance trade association estimates insured losses from Hurricane Harvey at nearly $19 billion — and that doesn’t count damage not covered by insurance. The Insurance Council…

Read more »

Macy’s Trims Holiday Hires by Nearly 4 Percent

Macy’s is increasing the number of temporary workers it’s hiring for distribution and warehouses for the year-end shopping season as it chases fast-growing e-commerce sales. But overall year-end hiring will…

Read more »

U.S., Asian Shares Dip After N. Korean Missile Launch

U.S. stock futures and Asian shares dipped after North Korea fired another missile over Japan into the Pacific Ocean on Friday, demonstrating Pyongyang’s defiance in the face of intensifying sanctions.…

Read more »