Long-struggling retailer Sears says it plans to try to leverage its strongest brands like Kenmore and Craftsman to help sustain itself as it posted a larger first-quarter loss Thursday and said sales fell at its Kmart and namesake stores.
WASHINGTON The number of Americans filing for unemployment benefits fell more than expected last week, moving back to near cycle lows as the labor markets remain healthy and the economy regains momentum after stumbling in the first quarter.
U.S. stocks are hardly budging Thursday morning after big gains over the last two days. Banks and chemicals companies are down. However, retailers, which have been pummeled in recent weeks, traded higher after a group of strong earnings reports.
Faraday Future, the Gardena-based electric car company, is eager to begin building its battery-electric vehicles in California. Having broken ground only a month ago on a $1-billion car factory in Nevada, Faraday could add a Vallejo facility to its ...
More Americans appear poised to kiss the "staycation" goodbye this summer. With the coming of the Memorial Day holiday, more vacationers are likely to head out of town to take advantage of cheap gas, falling airfares and strong employment.