Marvin Ellison
Jessica A. Stewart/The St. Joseph News-Press via AP, File
May 22, 2018 - 11:44 am
By Anne D'Innocenzio, AP Retail Writer NEW YORK (AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's. The announcement Tuesday, just days after J.C. Penney released disappointing...
Read More
Facebook CEO Mark Zuckerberg
AP Photo/Andrew Harnik, File
May 22, 2018 - 10:14 am
By LORNE COOK, Associated Press BRUSSELS (AP) — European Union lawmakers plan to press Facebook CEO Mark Zuckerberg on Tuesday about data protection standards at the internet giant at a hearing focused on a scandal over the alleged misuse of the personal information of millions of people...
Read More
Stacey Cunningham
May 22, 2018 - 9:53 am
By Chris Isidore (CNN Money) -- The New York Stock Exchange is about to be run by a woman for the first time in its 226-year history. The exchange announced that Stacey Cunningham will become the exchange's 67th president as of Friday. Cunningham, who is currently NYSE's chief operating officer,...
Read More
General Electric
AP Photo/John Minchillo, File
May 21, 2018 - 9:26 am
NEW YORK (AP) — General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...
Read More
Prime Minister Justin Trudeau gestures during a roundtable discussion with members of the Canadian Technology Accelerator.
AP Photo/Charles Krupa
May 18, 2018 - 1:12 pm
CAMBRIDGE, Mass. (AP) — Canadian computer scientists helped pioneer the field of artificial intelligence before it was a buzzword, and now Prime Minister Justin Trudeau is hoping to capitalize on their intellectual lead. "We've been investing massively in AI," Trudeau told a conference of tech...
Read More
Campbell Soup Company
Campbell Soup Company
David Madden
May 18, 2018 - 11:17 am
CAMDEN, N.J. (KYW Newsradio) — Some major changes are underway at one of South Jersey's top employers. Campbell Soup Company CEO Denise Morrison is out, effective immediately. A press release indicated she has "chosen to retire" after 15 years, but the company reported a third quarter loss of $475...
Read More
Betting odds are displayed on a board in the sports book at the South Point hotel and casino in Las Vegas.
AP Photo/John Locher
May 18, 2018 - 9:40 am
ATLANTIC CITY, N.J. (AP) — The prospect of legal sports betting throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in the billion-dollar industry. Casinos, race tracks, daily fantasy sports companies and others are itching to offer...
Read More
J.C. Penney via CNN
May 17, 2018 - 9:07 pm
Paul R. La Monica (CNN Money) -- JCPenney is in serious trouble. There's no sugarcoating it. The department store chain, famous for its Christmas catalogs, is losing money — and customers. It has a lot of debt. And not much cash. A dismal earnings report on Thursday only reinforced that time is...
Read More
Walmart's stock had its worst day in 30 years the last time it answered to Wall Street analysts.
Getty Images/CNNMoney
May 17, 2018 - 9:42 am
By Nathaniel Meyersohn (CNN Money) - - Walmart sent an encouraging signal to Wall Street Thursday that it's heading in the right direction. The world's biggest retailer said online sales jumped 33 percent last quarter. In February, Walmart's stock had its worst day in 30 years after it told Wall...
Read More
Amazon Prime/Whole Foods
May 16, 2018 - 10:58 am
By Chris Isidore (CNN Money) -- Whole Foods is getting even more Amazon-y. Amazon, which purchased Whole Foods last year, is offering its Prime members an additional 10% off sale items when they shop at Whole Foods. The additional discount will apply to hundreds of products throughout the stores...
Read More