Sears Still Has Over 1,200 Stores
Why does Sears Holdings still have over 1,200 Sears and Kmart stores? On the face of it, the count makes no sense.
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Douglas A. McIntyre
Google Continues to Be Largest US Website, Facebook Close Behind
Google and Facebook are not only the largest sites by number of visitors. They also dominate the industry in terms of ad sales dollars.
New Car Sales Expected to Drop in June, but Volkswagen Will Surge
New car sales are expected to drop in June, a sign that the impressive run in the new auto market has not only plateaued but could be in trouble.
6 Most Important Business Stories Today
American Airlines seems very likely to reject the offer by Qatar Airways to buy 10% of the U.S. carrier, Foxconn is looking to build manufacturing facilities in the United States and Tesla may build…
Will Walmart Bid for Whole Foods?
Speculation has arisen that Walmart will try to turn the tables and make a higher bid for the upscale food retailer Whole Foods than Amazon did.
Fiat Slaughtered in Car Quality Survey
The data on sales and product quality just keep getting worse for the Fiat brand. It is a wonder the parent company even keeps Fiat models on the market at all, at least in…
Troubled Volvo Gets Horrible Quality Rating
Among the 33 brands measured in the J.D. Power 2017 U.S. Initial Quality Study, Volvo ranked 31st, a stinging rebuke for a company that is trying to position itself as a luxury alternative to…
July 4th Holiday Travel to Hit All-Time Record, as More Than 44 Million People Leave Home
According to AAA, travel over the July 4 holiday will hit an all-time record. The association said that 44.2 million Americans will travel more than 50 miles from their homes.
6 Most Important Things in the Business World Today
Crude oil dropped below $45 a barrel for the first time since late 2016, a private equity firm may buy huge office supply company Staples, and T-Mobile reportedly is in merger talks with Sprint.
6 Most Important Things in Business Today
Uber CEO Travis Kalanick was kicked out by several large shareholders, Amazon.com has launched a new service called Wardrobe and the Chevy Bolt has been named a Top Safety Pick.
Uber’s CEO Travis Kalanick Leaves
After several large shareholders demanded his resignation, Travis Kalanick has left Uber, the company he founded and of which he was chief executive officer. The New York Time reported the story: Travis Kalanick, the…
Cigarette Use Among Young Drops, Posing Threat to Tobacco Industry
Teenagers are smoking and using e-cigarettes much less now than a year ago. The trend is a threat to the financial success of the tobacco industry.
6 Things About Business You Need to Know This Morning
A former Barclays CEO and others have been charged with fraud-related legal violations, Time Warner announced a partnership with Snap, and UPS will raise holiday shipping rates.
Will Walmart Make an Offer for Whole Foods?
Whole Foods shareholders have to approve the Amazon deal, and ultimately, if there is another offer, they may have the final decision.
6 Things You Need to Know About Business This Morning
Boeing said it may build a new moderate-sized plane, "Cars 3" edged out former champ "Wonder Woman" at the box office and the biding for Whole Foods may not be over.
China’s Economy Will Catch US in 2034?
Some Chinese economists believe their country will catch the United States in total gross domestic product within 37 years.
Tronc Prepares Layoffs at Flagship Los Angeles Times
Tronc, one of the largest newspaper chains in the United States, plans to buy out several editorial employees at its flagship Los Angeles Times.
Will Amazon Deal for Whole Foods Cripple America’s 38,000 Grocery Stores?
While it is too early to say whether Amazon's effect on the entire retail sector will spread to the mammoth local grocery store business, there is little reason to think otherwise.
Unemployment Still Above 5% in Several States
Economic health is much more local than national. One proof of this is that unemployment is above 5% in several states, compared with the national average of 4.3%.
6 Most Important Things in Business World Now
The Amazon takeover of Whole Foods has rocked the grocery business, Lyft has seen a boost from rival Uber's unrelenting problems and General Motors said it will bring back some jobs from Mexico.