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Wednesday, May 4, 2016 at 08:16 AM PDT

Aéropostale Files for Bankruptcy Protection

Aéropostale Files for Bankruptcy Protection

Aéropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection. The New York company said Wednesday that it is closing 113 of its 739 U.S.

Monday, May 2, 2016 at 02:26 PM PDT

Sports Authority to Auction Assets on May 16

Sports Authority to Auction Assets on May 16

National retail chain Sports Authority's future looks pretty bleak. The company announced in early March that it planned to close 140 of its 463 stores and filed for Chapter 11 bankruptcy protection in...

Monday, May 2, 2016 at 04:08 AM PDT

Australian Claims He's Founder of Bitcoin Digital Cash

Australian Claims He's Founder of Bitcoin Digital Cash

An Australian man long thought to be associated with the digital currency Bitcoin has publicly identified himself as its creator. BBC News said Monday that Craig Wright told the media outlet he is the...

Friday, Apr 29, 2016 at 05:42 AM PDT

Rovi Buying TiVo in $1.1.B Cash-and-Stock Deal

Rovi Buying TiVo in $1.1.B Cash-and-Stock Deal

Rovi Corp. said Friday that it will pay $10.70 in cash and stock for each TiVo Inc. share. Rovi will pay $2.75 per share in cash, or about $277 million. The rest, $7.95 per share, will be paid in stock. Once...

Thursday, Apr 28, 2016 at 05:09 PM PDT

Prime Help Boost Amazon's Profits

Prime Help Boost Amazon's Profits

Prime shoppers helped drive Amazon's surprise profit surge in the first quarter. Shares of the e-commerce giant jumped in after-hours trading Thursday after it reported a 28 percent jump in revenue, to...

Wednesday, Apr 27, 2016 at 03:06 PM PDT

Facebook Reports Stronger-Than-Expected 1Q Results

Facebook Reports Stronger-Than-Expected 1Q Results

Facebook posted stronger-than-expected results for its first quarter, helped by a growing number of users and higher advertising revenue, especially on mobile devices. The social media giant on Wednesday...

Wednesday, Apr 27, 2016 at 01:21 PM PDT

'Partners': Chobani CEO Gives Employees Shares in Company

'Partners': Chobani CEO Gives Employees Shares in Company

Chobani said Tuesday it is giving its employees an ownership stake in the privately held company. The Greek yogurt maker said the shares being distributed would amount to 10 percent of the company's future...

Wednesday, Apr 27, 2016 at 12:24 PM PDT

Fed Keeps Key Rate Unchanged, Gives No Hint of Next Hike

Fed Keeps Key Rate Unchanged, Gives No Hint of Next Hike

The Federal Reserve is keeping a key interest rate unchanged against the backdrop of a global economic slump and providing no hint of when its next rate hike may occur. A statement the Fed issued after...

Wednesday, Apr 27, 2016 at 11:06 AM PDT

McDonald's Testing No-Preservative McNuggets

McDonald's Testing No-Preservative McNuggets

McDonald's is testing Chicken McNuggets with no artificial preservatives as it works to revive its U.S. business. The world's biggest hamburger chain says it began testing the new recipe in about 140 stores in...

Tuesday, Apr 26, 2016 at 01:25 PM PDT

What To Do If You Are Audited by the IRS

What To Do If You Are Audited by the IRS

You've received a letter from the IRS regarding an audit. Stay calm and assess the situation.

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