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Business News

Thursday, Jan 17, 2019 at 06:01 AM PST

John Bogle, Founder of Vanguard Group, Dies at 89

John Bogle, Founder of Vanguard Group, Dies at 89

John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founding Vanguard Group, died Wednesday, the company said. He was 89. Bogle did not invent the index fund, but...

Wednesday, Jan 16, 2019 at 02:04 PM PST

Sears Chairman Reaches Deal to Save Company: Source

Sears Chairman Reaches Deal to Save Company: Source

Midday Tuesday, billionaire Eddie Lampert’s efforts to keep Sears alive were dead. Lawyers and bankers who had been holed up in the offices of Weil, Gotshal & Manges on Fifth Avenue to work out a deal...

Tuesday, Jan 15, 2019 at 11:40 AM PST

Delta CEO: Government Shutdown Will Cost the Airline $25 Million This Month

Delta CEO: Government Shutdown Will Cost the Airline $25 Million This Month

The partial U.S. government shutdown will cost Delta Air Lines about $25 million in revenue this month as fewer government contractors and employees are traveling, the airline’s CEO Ed Bastian said Tuesday....

Tuesday, Jan 15, 2019 at 10:02 PM PST

Netflix Raising Prices for 58M US Subscribers as Costs Rise

Netflix Raising Prices for 58M US Subscribers as Costs Rise

Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per...

Tuesday, Jan 15, 2019 at 11:15 PM PST

Facebook to Invest $300 Million in Local News Initiatives

Facebook to Invest $300 Million in Local News Initiatives

Facebook says it is investing $300 million over the next three years in local news programs, partnerships and other initiatives. The money will go toward reporting grants for local newsrooms, expanding...

Tuesday, Jan 15, 2019 at 04:49 AM PST

Gymboree Plans Bankruptcy Filing, Could Shut Stores: Source

Gymboree Plans Bankruptcy Filing, Could Shut Stores: Source

Children's clothing retailer Gymboree Group is expected to file for bankruptcy protection as soon as this week, in what would be its second bankruptcy filing in less than two years, a person familiar with the...

Monday, Jan 14, 2019 at 12:41 PM PST

NBC Announces New Streaming Service

NBC Announces New Streaming Service

NBC is doing a solid for the traditional pay-TV industry. Comcast’s NBCUniversal plans to debut a free ad-supported streaming service to anyone that subscribes to a traditional pay-TV service, including...

Monday, Jan 14, 2019 at 01:38 PM PST

Sears' Chairman Stands at the Center of Fight for Company

Sears' Chairman Stands at the Center of Fight for Company

As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter...

Friday, Jan 11, 2019 at 11:54 AM PST

Taco Bell Will Test a Vegetarian Menu This Year

Taco Bell Will Test a Vegetarian Menu This Year

Taco Bell will start testing its first vegetarian menu later this year. Offering a vegetarian menu will help the Mexican fast-food chain cement itself as the go-to option for nonmeat eaters, who often struggle...

Friday, Jan 11, 2019 at 04:08 AM PST

Ex-Target CEO: Department Stores 'Fighting for Their Lives'

Ex-Target CEO: Department Stores 'Fighting for Their Lives'

Macy's disappointing holiday sales are less about the consumer and more about department stores' relevance these days, former retail CEO and Target executive Gerald Storch told CNBC on Thursday. Macy's reported...

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