McDonald’s Names New US Unit President for Second Time In Two Years

McDonald's Corp MCD.N is changing the leadership at its struggling U.S. division for the second time in two years in a move that may...

Bank of America’s $16.65 Billion Government Settlement May Be Softened by Tax Deductions

Bank of America's (BAC) $16.65 billion government settlement for selling toxic mortgage securities marks a new U.S. record, but the bank can cushion much of the...

Bank of America to Pay $16.65 Billion in Largest Settlement in U.S. History

Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during...

Macy’s to Pay $650,000 in Racial Profiling Settlement

Macy’s will pay $650,000 to settle allegations of racially profiling customers at its Herald Square store in Manhattan, making it the second New York department...

Computer System Breach at UPS Store May Have Exposed Sensitive Customer Data

United Parcel Service Inc. (UPS:US) said a breach of computer systems at UPS Store retail outlets may have exposed customers’ personal and payment data at some...

Home Depot Gets Boost from Strong Spring Rebound

Home Depot reported a 14% jump in fiscal second-quarter profit, as the home-improvement retailer benefited from a strong spring rebound after the severe winter delayed...

Dollar General Makes Offer to Buy Family Dollar

Dollar General said Monday it offered $78.50 a share in cash, or about $8.95 billion, to buy rival Family Dollar Stores Inc., topping Dollar...

Dollar General Makes Billion Dollar Bid for Family Dollar

Dollar General has bid $78.50 per share, or about $9.7 billion, for Family Dollar Stores, the firm said in a statement Monday. The offer...

Over 6000 Workers to Be Laid Off at Cisco

The ax is falling at Cisco. The IT firm -- which makes Internet switches, routers and other networking devices -- announced Wednesday it plans to...

Cisco to Cut 6,000 Jobs; CEO Anticipates Next-to-Nothing Sales Growth

Cisco Systems Inc. (CSCO) Chief Executive Officer John Chambers is struggling to revamp the world’s largest networking-equipment maker, eliminating 6,000 jobs in a new...

BuzzFeed Gets $50 Million from Venture Capital Firm Andreessen Horowitz

BuzzFeed received a $50 million investment from venture capital firm Andreessen Horowitz, which announced the funding Sunday in a blog post that likened the...

U.S. Stocks End Week On the Upswing Despite Global Turmoil

Despite a raft of geopolitical uncertainty, U.S. stocks ended a volatile week on a strong note. The Dow Jones industrial average surged 185 points. The...

North Carolina Diner No Longer Offering Discounts to Praying Customers After Atheists Complain

A Winston-Salem, N.C., diner will no longer dish out discounts along with dinner to praying customers. Mary’s Gourmet Diner had been offering a 15 percent...

U.S. Unemployment Benefit Applications Fall; Four-week Average Hits Lowest Point in Over 8 Years

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions. Initial claims...

Target Comes Out in Support of Homosexual Marriage

The retail giant filed an amicus brief backing marriage equality in a pending court case. ‘It is our belief that everyone should be treated...

Jefferson Bethke’s Claro Candles Uses Profits to Fight Injustice

Jefferson Bethke is known for illuminating some of the differences between religion and true faith. His 2012 YouTube video “Why I Hate Religion, But...

Dollar Tree and Family Dollar Merge: What’s Next for Dollar General?

Dollar Tree is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has...

With About 90% of the Workforce in the Tech Industry Being Made Up of...

U.S. civil rights leader Jesse Jackson called on the Obama administration Monday to scrutinize the tech industry's lack of diversity. "The government has a role...

Walmart Names Greg Foran as New President and CEO of U.S. Division

Walmart named Greg Foran the next President and CEO of Walmart U.S. on Friday, succeeding outgoing leader Bill Simon. Foran, 53, will report directly to...

Amazon Releases Fire Phone Tomorrow as it Gambles on the Future of E-Commerce

When Amazon enters a new market, be it books, movies, groceries, tablets or phones, you can bet on one thing: It will get a...