Boeing Co. canceled a conference call that it scheduled for Tuesday with airlines to discuss issues swirling around its newest plane, which has come under close scrutiny after a deadly crash in Indonesia. The company didn’t immediately give an explanation ...
Read More »Target’s investments in the future hits margins
Target’s ramped up investments online and in stores are bringing in shoppers, although they’re bruising the bottom line right now. Company shares tumbled 10 percent before the opening bell Tuesday after Target missed profit expectations for the third quarter, the ...
Read More »Former Toys R Us workers to get $20M in hardship fund
Two private-equity owners of the iconic Toys R Us toy chain will hand over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in June. The move by KKR ...
Read More »Home construction rose 1.5 percent in October
U.S. home construction improved a slight 1.5 percent in October, however, in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from ...
Read More »Black Friday: Get in line, or get on the couch?
A solid 70 percent of Americans plan to shop on Black Friday this year, according to a recent NerdWallet study conducted by The Harris Poll. The nature of a day centered around shopping can almost inevitably lead to overspending, though. ...
Read More »2 small airlines protest price of Kansas City airport plan
Two small airlines are protesting the price tag for the new single terminal project at Kansas City International Airport. Executives at Spirit and Allegiant airlines outlined their concerns in letters to the Kansas City Council Airport Committee, citing the $1.6 ...
Read More »Industrial production ticks up 0.1 percent in October
U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent, the fifth straight monthly gain, following a 0.2 percent advance in September and a sizable 0.8 ...
Read More »Powell sees potential threats from global slowdown
Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. economy is performing well, although he’s eyeing potential risks ahead. Those include a slowdown in global growth, the fading impact from tax cuts and the cumulative weight of the Fed’s ...
Read More »Retail sales rose a solid 0.8 percent last month
U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane recovery spending and higher gas prices. Retail sales rose a seasonally adjusted 0.8 percent last month, following two months ...
Read More »Stung by Amazon’s rejection, cities look on the bright side
Sometimes losing is winning. Or at least that’s what some of the 18 North American cities passed up by Amazon for its new headquarters are telling themselves. After 14 agonizing months of wooing and then waiting for the online retail ...
Read More »Lawyers seek ‘Apprentice’ tapes in Trump immigration suit
Lawyers suing President Donald Trump due to his decision to end special protections shielding certain immigrants from deportation are seeking unaired footage from his reality TV show “The Apprentice” to try to bolster their case alleging the move was racially ...
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