Safeway says it has agreed to be acquired by an investment group led by Cerebus Capital Management, the owner of Albertsons and several other supermarket chains.
Staples will shut down more than 10 percent of its stores in North American by the end of next year, the second major chain to announce the mass closing of stores this week.
The departure of Target's chief information officer in the wake of the company's massive pre-Christmas data breach highlights the increased pressure facing executives who are charged with protecting corporate computer systems from hackers.
U.S. productivity grew at an even slower annual rate than previously thought in the final three months of last year.
Orders to U.S. factories fell in January for a second straight month but a key category that signals business investment plans rebounded. That could be an indication that businesses are becoming more confident.
The number of people seeking U.S. unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months as layoffs remain at pre-recession levels.
Yahoo brought its shopping spree to Oregon with the acquisition of Portland-based Vizify.
U.S. service companies expanded more slowly in February as hiring levels declined in a cautionary sign for the economy coming out of winter.
The logjam in lending to small businesses is showing signs of clearing. Nearly five years after the recession ended, bankers are lending more and businesses say it's easier to get loans.