One of the worst stretches ever for American productivity growth is getting even worse. Worker productivity—the output of goods and services for each hour of labor—slid in the opening months of the year as companies shelled out more on wages.
Teenagers may no longer care, but two Aeropostale apparel stores in Washington state will close as part of the once-popular chain's bankruptcy restructuring.
Tribune Publishing's board has voted unanimously to reject Gannett's $815 million unsolicited offer to buy the Chicago-based owner of the Chicago Tribune, Los Angeles Times and other major newspapers.
The European Central Bank will phase out the 500-euro note by the end of 2018. Credit Miguel Medina/Agence France-Presse - Getty Images.
NEW YORK U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.