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Business News

Tuesday, Jan 15, 2019 at 04:49 AM PST

Gymboree Plans Bankruptcy Filing, Could Shut Stores: Source

Gymboree Plans Bankruptcy Filing, Could Shut Stores: Source

Children's clothing retailer Gymboree Group is expected to file for bankruptcy protection as soon as this week, in what would be its second bankruptcy filing in less than two years, a person familiar with the...

Monday, Jan 14, 2019 at 12:41 PM PST

NBC Announces New Streaming Service

NBC Announces New Streaming Service

NBC is doing a solid for the traditional pay-TV industry. Comcast’s NBCUniversal plans to debut a free ad-supported streaming service to anyone that subscribes to a traditional pay-TV service, including...

Monday, Jan 14, 2019 at 01:38 PM PST

Sears' Chairman Stands at the Center of Fight for Company

Sears' Chairman Stands at the Center of Fight for Company

As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter...

Friday, Jan 11, 2019 at 11:54 AM PST

Taco Bell Will Test a Vegetarian Menu This Year

Taco Bell Will Test a Vegetarian Menu This Year

Taco Bell will start testing its first vegetarian menu later this year. Offering a vegetarian menu will help the Mexican fast-food chain cement itself as the go-to option for nonmeat eaters, who often struggle...

Friday, Jan 11, 2019 at 04:08 AM PST

Ex-Target CEO: Department Stores 'Fighting for Their Lives'

Ex-Target CEO: Department Stores 'Fighting for Their Lives'

Macy's disappointing holiday sales are less about the consumer and more about department stores' relevance these days, former retail CEO and Target executive Gerald Storch told CNBC on Thursday. Macy's reported...

Wednesday, Jan 16, 2019 at 12:21 PM PST

CES Is Now One of the World’s Biggest Auto Shows as Ford to Uber Debut New Technology

CES Is Now One of the World’s Biggest Auto Shows as Ford to Uber Debut New Technology

With its glossy black finish, five-person cabin and six huge fan pods, the Bell Nexus looks like it belongs on the set of a science fiction film, rather than the South Hall of the Las Vegas Convention Center....

Thursday, Jan 10, 2019 at 06:44 AM PST

US, China Leave Next Steps for Trade Talks Unclear

US, China Leave Next Steps for Trade Talks Unclear

The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth. The two sides will "maintain close contact,"...

Thursday, Jan 10, 2019 at 03:39 AM PST

Chairman Makes $5B Bid in Last-Ditch Effort to Save Sears

Chairman Makes $5B Bid in Last-Ditch Effort to Save Sears

Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation, according to a person familiar with the matter. This latest...

Wednesday, Jan 9, 2019 at 01:21 PM PST

How Much Could Mackenzie Bezos Get in a Divorce?

How Much Could Mackenzie Bezos Get in a Divorce?

Jeff Bezos’ divorce could become the most expensive in history — exactly what he pays out will depend on the complexities of marital law and the value of Amazon. Bezos announced in a tweet Wednesday that he and...

Wednesday, Jan 9, 2019 at 04:23 AM PST

Aspiring Paleontologist Wins National Google Doodle Contest

Aspiring Paleontologist Wins National Google Doodle Contest

An aspiring paleontologist in the second grade has won Google's annual Doodle for Google contest. Sarah Gomez-Lane, of Virginia, had her drawing of dinosaurs selected and transformed into an animation on the...

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