Heinz to Combine With Kraft; Will Become 3rd-Largest U.S. Food Company

Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft...

Best Buy Lays Off 2,000 Managers

Best Buy Co. Inc. apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that...

Chipotle Slapped with Racial Discrimination Lawsuit

A former Chipotle employee sued the restaurant chain Tuesday, claiming she was fired for complaining that her Latino co-workers got preferential treatment. Sheqweshu Clark, who...

Citigroup Dealing with $400 Million Fraud Scandal at Mexican Subsidiary

At the helm of Citigroup for just a year and a half, Michael L. Corbat has been trying to transform into a boring bank a global giant that...

Most Americans Believe Jobs Will be Taken Over by Robots… Just Not Their Jobs

After years of hearing about the coming robot boom, most Americans believe the threat of automation in the workforce is real. But when it comes to...

Economic Picture Brightens with U.S. 4th quarter Growth Increase, Jobless Claims Near 4-month Low

U.S. economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown...

Quarterly Profit for Scandal-hit Wells Fargo Bank Falls 3.7%

Wells Fargo & Co reported its fourth straight fall in quarterly profit as it set aside funds for potential legal costs amid an increasingly...

Boeing Workers in South Carolina Deciding Whether to Unionize

Nearly 3,000 production workers at Boeing's South Carolina plant are deciding whether they want to unionize, writing the next chapter in efforts to organize...

Bank of America More Than Doubles Quarterly Profit to $5.3 Billion

Bank of America, seeking to get on with the business of banking after legal and mortgage troubles, said on Wednesday that its second-quarter profit...

Stacy Brown-Philpot becomes CEO of TaskRabbit

Stacy Brown-Philpot, the COO of TaskRabbit, has been named CEO of the company, reports re/code. Brown-Philpot is taking over the position from current CEO and...

Reebok Mocks President Trump’s Remarks About French First Lady

The sports brand Reebok is mocking President Trump’s compliments of French President Emmanuel Macron’s wife that were made during Trump's visit to France last week. The sports apparel...

WATCH: CEO of Sony Pictures Entertainment, Michael Lynton, Contradicts President Obama and Says Company...

If you ask President Obama, Sony made a "mistake" by canceling The Interview's release — but that doesn't mean the movie is gone for...

Ford to Cut 10% of Global Workforce

Ford is to announce a plan to cut 10% of its global workforce later this week, the Wall Street Journal reported late Monday.  The Dearborn,...

Starbucks to Provide Free Online College Education to Thousands of Employees

Starbucks will provide a free online college education to thousands of its workers, without requiring that they remain with the company, through an unusual...

U.S. Employment Costs Post Smallest Increase on Record in 2nd Quarter

U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely...

5 Former Bernie Madoff Employees Face a Long Time in Prison

Five former employees of Ponzi scheme mastermind Bernard Madoff face the possibility of long prison terms at federal court sentencings scheduled to start on...

Target to See Major Changes to Grocery, Customer Service

Shopping at Target will not be the same a year from now. It will be easier, less frustrating and more convenient, executives said a meeting...

Walgreens to Shut Down 200 Drugstores in United States

Walgreens Boots Alliance Inc. will close 200 of its 8,232 U.S. drugstores to reduce costs as its profits get squeezed by competition and by...

David Rockefeller Dies at 101-Years-Old

Bank executive, philanthropist and oil fortune heir David Rockefeller died Monday morning. He was 101. Rockefeller, the grandson of Standard Oil founder John D. Rockefeller...

Comcast in Talks to Buy DreamWorks Animation for Over $3 Billion

Jeffrey Katzenberg might have finally found a buyer for his DreamWorks Animation. The Glendale animation company is in talks with Comcast to be sold for...