Business category, Page 182

SILVER SPRING, Md. — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It’s the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail...

Amazon is doling out hiring bonuses as high as $3,000 to make sure it has enough people to squeak through the busy holiday shopping season. That’s stoking resentment among existing workers who recently got coupons for Thanksgiving turkeys as a thank you for their hard work. Social-media chatrooms where Amazon...

WASHINGTON — U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August. The November reading released Tuesday by the the Conference Board said represents a drop from a revised 101.4 in October. The decline reflected...

CHARLESTON, W.Va. — A UK technology company plans to build a new facility in West Virginia that officials said Monday is expected to create 1,000 new manufacturing and technology jobs. DST Innovations, a company based in Wales, is partnering with Blue Rock Manufacturing for the new facility to develop clean...

NEW YORK — The Dow Jones Industrial Average broke through 30,000 points Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin. Traders were also encouraged to see that Biden...

Most of the stocks I own for clients are value stocks, selling for 15 times the company’s earnings or less. However, there is room in my heart — and in my portfolio — for a few GARP stocks. GARP stands for growth at a reasonable price. It’s the middle ground...

DETROIT — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its own clean-air standards. CEO Mary Barra said in an letter Monday to environmental groups that GM will pull out of the lawsuit, and it urges other automakers...

Instead of offering one or more options, some companies are turning health insurance shopping over to employees. A federal rule change last year stoked this new approach. It allows employers to reimburse workers for coverage they bought without paying a tax penalty. The concept sends employees to individual insurance markets...

General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators. The move came Monday after the U.S. government told the automaker it had to recall 6 million of the vehicles in the U.S. The recall will cost the Detroit...

Stocks closed higher on Wall Street on Monday after investors received several pieces of encouraging news on covid-19 vaccines and treatments, tempering concerns over rising virus cases and business restrictions. The benchmark S&P 500 index rose 0.6%, led by banks, industrial companies and other businesses that have been beaten down...

NEW YORK — Promising news about a coronavirus vaccine has small business owners feeling more upbeat despite cases of the virus surging in many parts of the U.S. Owners hope consumers and businesses will be more relaxed about spending now that two drug companies, Pfizer and Moderna, have vaccines that...

Stocks ended an up-and-down week on a down note on Wall Street Friday, taking 0.7% off the S&P 500. The benchmark index logged its first weekly loss so far this month. Worries about the worsening pandemic and the restrictions it’s bringing are outweighing optimism about the progress being made on...

PARIS — France’s government on Friday got supermarket chains and e-commerce platforms like Amazon to agree to postpone Black Friday promotions, responding to concerns that shops shuttered by the nation’s coronavirus lockdown are hemorrhaging business and could be hurt further if they miss out on the consumer splurge. Under the...

WASHINGTON — Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve. Mnuchin said his decision was based on the fact that the programs were...

Pfizer formally asked U.S. regulators Friday to allow emergency use of its COVID-19 vaccine, starting the clock on a process that could bring limited first shots as early as next month and eventually an end to the pandemic — but not until after a long, hard winter. The action comes...

DETROIT — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The company’s product development chief promised...

IOWA CITY, Iowa — Tyson Foods suspended top officials at its largest pork plant on Thursday and launched an investigation into allegations that they bet on how many workers would get infected during a widespread coronavirus outbreak. The company’s president and CEO, Dean Banks, said he was “extremely upset” about...

DETROIT — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The company’s product development chief promised...

NEW YORK — Wall Street capped a day of choppy trading with modest gains for stocks Thursday, as the market’s tug of war continues between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future. The S&P 500 rose 0.4%...

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The Labor Department’s report Thursday showed that applications for benefits...

After nearly two years and a pair of deadly crashes, U.S. Federal Aviation Administration is clearing Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a comprehensive and methodical 20-month review process. Regulators around the world grounded the Max...

Kicking someone while they’re down is unsportsmanlike. But it happens every year in the stock market. In November and December, investors often pummel the stocks that have declined in the first 10 months of the year. Why? For tax reasons. Investors sell their losers to establish tax losses, which are...

NEW YORK — Now at Amazon.com: insulin and inhalers. The retail colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills and have them delivered to their front door in a couple of days. The potential impact of Amazon’s arrival in the pharmaceutical space rippled...

WASHINGTON — The CEOs of Twitter and Facebook on Tuesday defended their safeguards against disinformation in the presidential election, and promised Congress they would take vigorous action for two special elections in Georgia that could determine which party controls the U.S. Senate. Twitter CEO Jack Dorsey and Facebook CEO Mark...

NEW YORK — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. But sales at stores opened at least a year slowed in the three months that ended with October compared with earlier this year as the pandemic...