J.C. Penney reported stronger-than-expected sales for the third-quarter, but the department store operator's failure to raise its forecast for the year appeared to add to worries that upcoming holiday shopping season could turn out to be a dud for retailers.
With $2 trillion in buyouts since January, 2015 has become the year of the megadeal. But with the Fed appearing increasingly keen on hiking rates, that party may be coming to an end. That is, unless you're in health care.
The Game of Life is known for turning events such as marriage, going to college and paying for auto insurance into moves on a board. Now, it's at the center of a different real-world experience: a lawsuit.
The number of people seeking unemployment aid was unchanged last week, a sign that most businesses are reluctant to cut jobs.
Volkswagen is telling non-managerial employees they can come forward with information about how the company cheated on U.S. emissions tests and they won't be fired.
Heineken, Molson Coors and Carlsberg are storied brewers that trace their roots back hundreds of years and have loyal drinkers around the world. But the merger of their two biggest competitors leaves such mid-size competitors without a clear way forward.
From Australia to Zambia, Chile to Indonesia, the pain of China's sharp economic slowdown is being felt in the form of depressed commodity prices, higher unemployment and shrunken home prices in towns that once thrived from supplying materials to Chinese factories.
Average long-term U.S. mortgage rates this week rose sharply for a second straight week as expectations grew that the Federal Reserve may soon raise its key short-term interest rate.
The opening of the retail earnings seasons began ominously with Macy's, which dragged shares of almost every retailer sharply lower Wednesday. The retail sector was by far the biggest loser on the Standard & Poor's index.
Lexus put the red bows atop its cars a month early, and General Motors is advertising Black Friday deals two weeks before Thanksgiving as the auto industry copies traditional retailers with holiday discounts well before the holidays.
J.C. Penney said Wednesday that it will make $50 million available to settle a false advertising class-action lawsuit.
On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly called on countries to cut back on subsidies, lower government spending and consider levying taxes.
The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.
The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears.
Oil prices are likely to remain low over the next five years because of plentiful supply and falling demand in developed countries, the International Energy Agency said Tuesday in its annual forecast.