Business > Briefing

Things Get Worse for J.C. Penney as Stock Plunges to New Depths

36 minutes ago   |   Fortune   |   2 articles

J.C. Penney is bucking the retail industry trend, but not in the good way. The struggling department store chain reported that comparable sales fell 5.4% in the third fiscal...
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U.S.-China Trade Talks Restart as Singapore Calls the Rivalry ‘Awkward'

36 minutes ago   |   Fortune

Singaporean Prime Minister Lee Hsien Loong said that the economic rivalry between the U.S. and China -otherwise known as the ongoing trade war- has become “awkward” for...
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Toxic Edges Out Gaslighting And Cakeism To Become Oxford Dictionaries' Word of 2018

50 minutes ago   |   Fortune

It's not just Britney Spears' fans who like ‘Toxic' : according to the Oxford English Dictionary , it's the most popular word of 2018 . OED research shows that ‘Toxic' enjoyed...
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DealBook Briefing: How Facebook Wrestled With Its Scandals

1 hour ago   |   NY Times

A new investigation by the NYT reveals how the company fought its critics with delays, denials and frantic Washington lobbying.
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Think Walmart Can't Beat Amazon? Think Again: E-Commerce Extends Streak of Big Sales Gains

1 hour ago   |   Fortune

Walmart ‘s strategy of blending stores and e-commerce to push back at Amazon.com is working. The world's largest retailer wmt reported on Thursday that comparable sales at its...
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F-35 Fighter: Lockheed Martin Sky High From Landing $23 Billion Pentagon Deal

2 hours ago   |   Fortune   |   2 articles

Aviation giant Lockheed Martin has won a revised $22.7 billion contract with the U.S. Department of Defense for the twelfth batch of F-35 jets. This is the first contract for...
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As Sears Stumbles, Bloomingdale's Moves into the Appliance Selling Business, Report Says

3 hours ago   |   Fortune

If you head to Bloomingdale's online store or New York City flagship this holiday season, you'll see something a little bit different: appliances. As of Nov. 19, the luxury...
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With Thanksgiving Turkey Cooking a Week Away, CDC Continues Warnings About Turkey-Linked Salmonella Outbreak

3 hours ago   |   Fortune

With Thanksgiving a week away, the Centers for Disease Control and Prevention continues to warn consumers about an ongoing outbreak of salmonella across 35 states that is...
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F-35 Fighter: Lockheed Martin Sky High From Landing $23 Billion Pentagon Deal

3 hours ago   |   Fortune   |   2 articles

Aviation giant Lockheed Martin has won a revised $22.7 billion contract with the U.S. Department of Defense for the twelfth batch of F-35 jets. This is the first contract for...
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David's Bridal Expected to File For Bankruptcy, Keep Stores Open, Report Says

3 hours ago   |   Fortune

David's Bridal, America's largest wedding dress chain, is expected to file for bankruptcy as early as next week, Bloomberg News reports . The wedding retailer is reportedly...
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Saudi Arabia seeks death penalty for 5 suspects in Khashoggi killing

Saudi Arabia seeks death penalty for 5 suspects in Khashoggi killing

Saudi Arabia is seeking the death penalty for five suspects involved in the killing of journalist Jamal Khashoggi. In a Thursday statement the Saudi Public Prosecutor said that... Read more ...

Michael Avenatti reportedly arrested on domestic violence accusations

Michael Avenatti reportedly arrested on domestic violence accusations

Star attorney Michael Avenatti was arrested on accusations of domestic violence, multiple news outlets reported on Wednesday, citing Los Angeles police. Avenatti represents the... Read more ...

Theresa May suffers more resignations as Esther McVey resigns over May's...

Theresa May suffers more resignations as Esther McVey resigns over May's Brexit deal

LONDON - Ester McVey, the secretary of state for work and pensions, has resigned from her post in protest at May's Brexit plan. The minister joined Brexit Secretary Dominic... Read more ...

UBS: A UK recession and pound-dollar parity are on the horizon, and Brexit...

UBS: A UK recession and pound-dollar parity are on the horizon, and Brexit risks are rising 'literally' by the minute

Swiss bank UBS warns that the rising likelihood of a no-deal Brexit as Prime Minister Theresa May's deal unravels could see the UK fall into recession next year. "The risks of... Read more ...

Judge to decide on reinstating Acosta's press pass on Thursday in CNN vs...

Judge to decide on reinstating Acosta's press pass on Thursday in CNN vs. Trump legal battle

Judge Timothy Kelly will decide at 3 p.m. ET on Thursday whether to impose a temporary restraining order, giving back Jim Acosta's White House pass. The CNN reporter was barred... Read more ...

Man riding across country to raise money for children's hospital dies in crash

Man riding across country to raise money for children's hospital dies in crash

A man riding across the country to raise money for a children's hospital was killed in a crash during his cross-country trip. Read more ...

'I have never struck a woman': Michael Avenatti denies domestic violence...

'I have never struck a woman': Michael Avenatti denies domestic violence allegations after his arrest by the LAPD

Michael Avenatti, the attorney for adult-film actress Stormy Daniels, denied all allegations of domestic violence following his arrest in West Los Angeles on... Read more ...

Uber lost nearly $1 billion last quarter as the ride-hailing giant's growth...

Uber lost nearly $1 billion last quarter as the ride-hailing giant's growth slows

Uber reported its third-quarter financials to select media outlets on Wednesday. The numbers show widening losses and slowing growth as the ride-hailing giant races towards a... Read more ...

The Saints won't be able to wear their home jerseys against the Eagles...

The Saints won't be able to wear their home jerseys against the Eagles because of a golf bet between their head coaches

The New Orleans Saints will host the reigning Super Bowl champion Philadelphia Eagles at the Mercedes-Benz Superdome for their Week 11 matchup Sunday, but the two teams will... Read more ...

Juul will soon stop selling flavored e-cigarette packs in retail stores, but...

Juul will soon stop selling flavored e-cigarette packs in retail stores, but a workaround could make the ban pointless

On Tuesday, Juul announced it will no longer accept retail store orders for its flavored pods in an effort to lessen and eventually eliminate teen e-cigarette use. Offerings... Read more ...