Dead retailers live on the Internet
Circuit City. Linens 'N Things. Bombay Co. They're all out of business, their stores shuttered, many employees laid off.
Price spike causesbrokerage losses
PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
Ex-CEO accused of hiding money
HealthSouth is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.
Air crew in video wears only paint
New Zealand's national airline has adopted a cheeky way to encourage passengers to watch its in-flight safety video: The cabin crew's uniforms are nothing but body paint.
Value deals help sell fast food
Tough times call for creative measures, so this summer several quick-service restaurants are offering more specials and value deals.
Older job-seekers battle bias
Like many unemployed older workers, 64-year-old Allan Kellum fears his age has made it harder to find a new job.
Online retailer severs N.C. program ties
Online retailer Overstock.com has followed Amazon.com's decision to cut off a commission program to North Carolina-based Web sites.
Obama welcomes Cree CEO
Chuck Swoboda, chief executive of LED lighting company Cree, visited the White House on Thursday and shared his company's success story with President Obama.
Ambiente expands its space
Retailing:The furniture industry is another one truly feeling the pinch of the down economy. But one Raleigh furniture company is expanding.
Jobless data squash Dow
A dour report on job losses in June sent stocks sharply lower Thursday.
Johnson & Johnson invests in Irish drug-maker
Johnson & Johnson, making a big jump into the risky but potentially lucrative field of Alzheimer's disease, is taking a major stake in Irish biopharmaceutical company Elan Corp., investing up to $1.5 billion initially.
Factory orders up 1.2 percent in May
Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.
BofA to pay U.S. $713 million
Bank of America's board has authorized roughly $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program.
FDA approves heart drug Multaq
Sanofi-Aventis SA said Thursday that its drug Multaq, which treats irregular heart rhythms, received marketing approval from the Food and Drug Administration.
$50 million will end Beazer's fraud case
Federal investigators filed mortgage and accounting fraud charges Wednesday against Beazer Homes USA, but the homebuilder will escape prosecution because it agreed to pay victims $50 million and accepted responsibility.
Philip Morris to buy South Africa snuff maker
Philip Morris International, maker of Marlboro and other cigarettes for sale overseas, has agreed to buy a Swedish company's South African snuff and pipe tobacco operations for 1.75 billion South African rand, or roughly $222 million.
Exelon raises hostile bid for NRG to $8 billion
Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy Inc. by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG's recent deal for Reliant Energy's Texas retail business.
Euro zone unemployment hits 10-year high in May
Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns any recovery will take time with so many people out of work.
New gym to honor Peak Fitness contracts
Peak Fitness customers whose Chapel Hill gym is closing this month will be able to transfer their memberships to a second club in town that is being sold, that club’s new owner said Friday.
More Stories
Find previous articles
