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Friday, May 13, 2016 at 02:42 PM PDT

Crews to Clean Almost 90K Gallon Oil Spill: Shell

Crews to Clean Almost 90K Gallon Oil Spill: Shell

Shell says crews are preparing to clean up an oil spill in the Gulf of Mexico after about 88,200 gallons of oil were released from a flow line about 90 miles off the coast of Louisiana. Shell says five...

Thursday, May 12, 2016 at 05:37 AM PDT

Macy's Forecast Cut Ignites Retail Worries

Macy's Forecast Cut Ignites Retail Worries

Macy's reported disappointing quarterly sales Wednesday and slashed its full-year forecast, underscoring a slump in apparel demand at U.S. department stores, NBC News reported. The bleak start to 2016...

Wednesday, May 11, 2016 at 07:18 PM PDT

Nissan & Mitsubishi in Talks on Partnership

Nissan & Mitsubishi in Talks on Partnership

Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn. Both companies acknowledged Thursday they were in talks on various issues...

Monday, May 9, 2016 at 11:52 AM PDT

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme Being Taken Private in $1.35B Deal

Krispy Kreme is being taken private by JAB Beech in a deal worth approximately $1.35 billion. The doughnut company's stock soared more than 23 percent in Monday premarket trading. Krispy Kreme has more...

Sunday, May 8, 2016 at 03:56 PM PDT

Gas Prices Jump by 9 Cents Over Past 2 Weeks

Gas Prices Jump by 9 Cents Over Past 2 Weeks

The average price of gasoline has jumped by 9 cents over the past two weeks to $2.27 a gallon for regular grade. Industry analyst Trilby Lundberg said Sunday that the hike is mostly due to crude oil prices...

Thursday, May 5, 2016 at 03:14 PM PDT

Proposed Rule May Allow Class-Action Suits Against Banks

Proposed Rule May Allow Class-Action Suits Against Banks

A rule proposed Thursday by the Consumer Financial Protection Bureau may ban mandatory arbitration clauses that prevent consumers from filing class-action lawsuits against their banks and credit card companies...

Wednesday, May 4, 2016 at 09:17 AM PDT

Hulu Will Offer Live-Streaming Service in 2017

Hulu Will Offer Live-Streaming Service in 2017

Hulu will offer a live-streaming service in 2017 that will provide a mix of cable and broadcast programming as well as news, sports and events. That pits the streaming service against similar offerings...

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...

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