When Carson’s stores ring up their final sales — likely by late summer — they will leave behind a 164-year history as one of Illinois’ iconic homegrown department store chains. They will also leave their landlords with millions of square feet of empty retail space to fill. Parent company Bon-Ton Stores filed for bankruptcy protection […]

Minnesota will lose 20 department stores in coming months as the corporate parent of Herberger’s shutters all of its 250 locations, the company announced Thursday. Bon-Ton Stores Inc., which is headquartered in Milwaukee and York, Pa., was bought out of bankruptcy by liquidators on Tuesday and will begin companywide going-out-of-business sales on Friday, according to […]

If it’s possible, Bed Bath & Beyond may have gone both too far beyond and not far enough. As the retailer has struggled with flat sales, falling profit margins and a general berating from shareholders and analysts alike, it has had to face the fact that it is no longer a darling of retailing the […]

Facebook announced the steps it will take to comply with a strict European privacy law known as the General Data Protection Regulation (GDPR) which comes into force on May 25. The social network will begin asking users to review information on whether they want to see ads from partners, if they want to continue sharing […]

Whenever a company may be guilty of something, from petty neglect to grand deception, there’s usually a class action lawsuit filed. But until a judge rules that lawsuit legitimate, the threat remains fairly empty. Unfortunately for Facebook,  one major suit from 2015 has just been given that critical go-ahead. The case concerns an Illinois law that prohibits […]

S&P 500 futures up 0.4 pct, Asia shares more mixed * Market assumes US-led Syria action over for time being * Oil and Treasury prices ease, yen dips in limited reaction * Future of Japan PM Abe in doubt as polls worsen SYDNEY, April 16 – Asian share markets were mixed and oil prices fell […]

Facebook CEO Mark Zuckerberg took home just $1 for his annual base salary last year, but the company shelled out nearly $9 million on his security and private planes. A new public filing shows Facebook significantly increased the amount it spent on keeping Zuckerberg safe in 2017, upping such expenses more than 50% from the […]

President Donald Trump on Saturday described the alleged chemical attacks in Syria as the “crimes of a monster” as the US launched precision strikes on the war-torn nation jointly with the UK and France. Trump ordered the launch of air strikes on Syria and accused President Bashar al-Assad of “barbarism and brutality”. The US president […]

President Donald Trump again accused Amazon of costing the US Post Office “billions of dollars.” In fact, federal regulators have found that contract to be profitable for the Postal Service. (April 3) AP President Trump has formed a task force to study the finances and operations of the U.S. Postal Service, just 10 days after he […]

Another foodservice worker in Kentucky has been confirmed infected with the hepatitis A virus, but this time a McDonald’s location is implicated and the customers who ate and drank there are not the only people at risk. The fast food giant’s shareholders saw their stock dip with the news. Madison County (Kentucky) Health Department officials […]