JC Penney Suffers Worst Drop in Decades on Loss Forecast – Bloomberg

JC Penney Suffers Worst Drop in Decades on Loss Forecast – Bloomberg

J.C. Penney Co. shares tumbled the most in more than three decades, hurt by deeper losses and a sense among investors that department stores are stuck in an intractable slide. The rout followed a warning by the company that a massive inventory liquidation would bring a flood of red ink in the third quarter, reinforcing […]

Amazon Threat Causes Shakeout in the Health-Care Industry – Bloomberg

Amazon Threat Causes Shakeout in the Health-Care Industry – Bloomberg

Amazon.com Inc. is casting a long shadow over the health-care industry. The prospect of the giant Internet retailer entering the business is beginning to cause far-reaching reverberations for a range of companies, roiling the shares of drugstore chains, drug distributors and pharmacy-benefit managers, and potentially precipitating one of the biggest corporate merger deals this year. […]

Twitter Shows Signs of Life With Renewed Sales and User Growth – Bloomberg

Twitter Shows Signs of Life With Renewed Sales and User Growth – Bloomberg

Twitter Inc. beat sales estimates and added more monthly users, indicating signs of life at the social network that has struggled to attract new consumers and advertisers. The shares surged. Twitter has been battling the perception that it’s a niche media platform, despite its emergence as U.S. President Donald Trump’s favorite communications tool. The company […]

Wall Street wins big as Senate votes to roll back regulation allowing consumers to sue their banks – Washington Post

Richard Cordray, director of the Consumer Financial Protection Bureau (left) listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington on Monday, Dec. 9, 2013. (Andrew Harrer/Bloomberg) Vice President Pence cast a tie-breaking vote late Tuesday to block new regulations allowing U.S. consumers to sue their banks, handing Wall Street and other […]

NAACP warns African-Americans about flying on American Airlines – Fox News

An American Airlines Airbus A319 is seen taking off at Charlotte Douglas International Airport.  (Laser1987) Citing several recent incidents, the NAACP on Tuesday issued an advisory warning African-Americans about traveling via American Airlines. “The NAACP for several months now has been monitoring a pattern of disturbing incidents reported by African-American passengers, specific to […]

Sears Stops Selling Whirlpool Appliances – Wall Street Journal

Sears Holdings Corp. will no longer sell Whirlpool Corp. appliances after a pricing dispute and changing market dynamics fractured a partnership that stretched back more than a century. The struggling department store chain has stopped carrying products made by the biggest U.S. appliance manufacturer, including Maytag, KitchenAid and Jenn-Air appliances, according to an internal Sears […]