The struggling retailer, which also owns equally troubled Kmart, reported a loss of $471 million in the first quarter, worse than a year ago.
LONDON Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing.
Ed Rensi, the ex-President and CEO of McDonald's MCD +0.37% USA, has said that a $15 minimum wage would lead to greater automation within the locations of that company and its franchisees.
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 ...
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.