Latest Business News

Latest news on Business with a variety of breaking news headlines for Friday, March 4, 2016.

Sports Authority Bankruptcy Sports Authority Bankruptcy: Corporate Chapter 11 Rumored After Missed $20 Million Debt Payment

The Sports Authority bankruptcy wasn’t a surprise to most shoppers who saw vacant shelves in stores for at least three weeks. The Chapter 11 bankruptcy has been looming since January, when the company disclosed that it had missed a $20 […]

China Layoffs China Layoffs: 5 Million State Workers Facing Layoffs To Cut Steel Industrial

China layoffs of 5 million state workers is expected to occur over the next two to three years as part of efforts to curb industrial overcapacity and pollution, making it Beijing’s boldest retrenchment program in almost two decades, according to […]

Twitter $2 Billion Twitter $2 Billion Loss: Twitter Reports Loss Since Its 2006 IPO In 10-K Finance Filing

A Twitter $2 billion loss was reported in the company’s 10-K report Wednesday, realign just how much money it has lost over the past decade, according to New York Daily News. In their report, Twitter bluntly acknowledged the extent of […]

Disney Demand-Based Pricing Disney Demand-Based Pricing: Theme Parks Will Cost 20 Percent More During Peak Season

Disney demand-based pricing will climb by 20 percent. That’s because, for the first time, tickets to Walt Disney World in Florida and Disneyland in California will cost more during holidays and some weekends — up to 20 percent more — […]

Exelon Merger Rejected Exelon Merger Rejected As Supporters Scramble To Salvage Pepco Pact

The Exelon merger was rejected by district regulators that is halting the deal with Pepco for a second time and sending supporters scrambling to salvage a pact to create the nation’s largest electric utility, according to The Baltimore Sun. The […]

Most Hated Retailer Most Hated Retailer Survey Names Abercrombie & Fitch With Lowest Satisfaction Score

The most hated retailer has been named Abercrombie & Fitch after the company scored the lowest on the American Customer Satisfaction Index. The retailer scored a 65, almost 10 points below the entire sector’s overall score, according to Daily Mail. […]

Beijing Billionaires Beijing Billionaires Total Enough To Knock New York Out Of Top Spot

There are many Beijing billionaires, enough to knock New York out of the top spot for cities. The Chinese capital added an incredible 32 billionaires to its ranks last year, bringing the city’s total to 100, according to Hurun Report’s […]

British Pound Falls British Pound Falls Amid ‘Brexit’ Fears As June National Referendum Announced

The British pound falls about 2 percent amid fears of Britain leaving the European Union. London’s mayor Boris Johnson announced his support for exiting the EU while announcing his backing of what is known as the “Brexit,” to be determined […]

McDonald's Execs Raises McDonald’s Execs Raises Give CEO Steve Easterbrook 18.2 Percent Increase In Regular Salary

The McDonald’s execs raises has been in the planning for awhile, and was announced in it’s latest filing with the Securities and Exchange Commission. McDonald’s CEO Steve Easterbrook is set to receive an 18.2 percent increase in his base salary, […]

FBI Raid Grapevine FBI Raid Grapevine: Government Agents Raid Texas United Development Funding Company

The FBI raid on Grapevine, Texas firm United Development Funding was in wake of allegations brought against the company by Dallas hedge fund manager Kyle Bass, who accused the company of operating a $1-billion “Ponzi-like scheme,” according to Dallas Morning […]

Oil Jumps Oil Jumps As OPEC Seeks Proposed Deal To Freeze Oil Output As Stock Rebounds

Oil jumps on its best one-day percentage gain since January 2009. Oil futures climbed by $3.23, or 12%, to settle at $29.44 a barrel on the New York Mercantile Exchange, according to Oil prices climbed Friday after the United Arab […]

Whole Foods Tattoos Whole Foods Tattoos Services May Drive Sales For New 365 Chain For Tattoo Millennials

Whole Foods tattoos may be coming to a store near you as the change faces steep competition. The tattoos are a move to better compete with millennials who wear them as the grocery chain continues to keep its reputation as […]

Jeff Bezos Loses $6 Billion Jeff Bezos Loses $6 Billion During After-Hours Trading Following Earnings Announcement

Amazon CEO Jeff Bezos loses $6 billion in after-hours trading on Thursday as Amazon’s stock dropped. Bezos has also lost his ranking as the fourth riches person in the world in response to the company’s fourth quarter earnings report, according […]