Long-struggling retailer Sears says it plans to try to leverage its strongest brands like Kenmore and Craftsman to help sustain itself as it posted a larger first-quarter loss Thursday and said sales fell at its Kmart and namesake stores.
The embattled online media company Gawker Media has hired an investment banker to explore its options, including a possible sale.
Japanese Prime Minister Shinzo Abe is urging fellow leaders of the Group of Seven advanced economies to avert another global crisis by acting to rescue the faltering global recovery.
Oil prices jumped Thursday above US$50 for the first time this year as a long-lasting global supply glut shows increased signs of easing. In a boost for countries exporting crude, including the likes of crisis-hit Venezuela, prices are once more on the rise having nosedived from above US$100 a barrel two years ago to around US$27 in early 2016.
Chinese e-commerce giant Alibaba wowed investors when it went public in the U.S. in September 2014, and its profits have bucked Wall Street expectations amid the Chinese economy's slowdown. Yet its unorthodox business structure has raised eyebrows, it's been suspended from an anti-counterfeiting group, and now U.S. regulators are investigating its accounting practices.
The Taiwan External Trade Development Council (TAITRA, 外貿協會) said Thursday it expected its usual cross-strait economic and trade activities to continue under President Tsai Ing-wen's administration.
You might start seeing more ads when getting directions from Google's popular mapping service. The ads, called "promoted pins," will highlight restaurants and other merchants located along your way. They'll show up inside the directions map as Google routes you to your destination.
CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks -- a big fat zero.
MOSCOW - President Vladimir Putin warned Wednesday that Russia will have to find "new sources of growth" to pull itself out of a lingering economic crisis.
Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over.