Business

In this April 13, 2018, file photo, packages from Internet retailers are delivered with the U.S. Mail in a apartment building mail room in Washington.
AP Photo/Jessica Gresko, File
November 23, 2018 - 12:52 pm
By Jessica Gresko, Associated Press WASHINGTON (AP) — Shoppers heading online to purchase holiday gifts will find they're being charged sales tax at some websites where they weren't before. The reason: the Supreme Court. A June ruling gave states the go-ahead to require more companies to collect...
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Black Friday shoppers at Oxford Valley Mall.
Dan Wing/KYW Newsradio
Dan Wing
November 23, 2018 - 10:06 am
LANGHORNE, Pa. (KYW Newsradio) — The holiday shopping season has officially started. At Oxford Valley Mall, people were ready to spend their money at 5 a.m. Friday. Low temperatures couldn't keep the shoppers away, though the crowds may not be as big as they once were. There was no shortage of...
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Dreamstime
November 23, 2018 - 7:28 am
(CBS News) — This holiday shopping season could generate more than $1 trillion for retailers. More than 160 million shoppers say they'll browse and buy this weekend. A new survey finds nearly half of all Americans feel pressure to break the bank when it comes to holiday gifts. According to a new...
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Walmart associate Shanay Bishop, left, checks out customer Carolyn Sarpy on the sales floor as part of the "Check Out With Me" program at a Walmart Supercenter in Houston.
AP Photo/David J. Phillip
November 22, 2018 - 11:09 am
By Joseph Pisani and Anne S'Innocenzio, AP Retail Writers NEW YORK (AP) — Retailers will once again offer big deals and early hours to lure shoppers into their stores for the start of the holiday season. But they'll also try to get shoppers out of their stores faster than ever by minimizing the...
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Toys Black Friday
Digital First Media via Getty
November 21, 2018 - 11:20 am
By Nathaniel Meyersohn, CNN Business (CNN) -- Target, Walmart, Amazon, and a spate of big retailers are pouncing on the first holiday shopping season in decades without Toys 'R' Us. Toys 'R' Us closed its doors after 70 years in business earlier this year, leaving behind hundreds of stores and $10...
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IKEA
Hadas Kuznits/KYW Newsradio
November 21, 2018 - 11:13 am
(CNN) -- Ikea is laying off about 7,500 employees and reorganizing its global business. Ingka Group, which owns and operates most Ikea stores, said Wednesday it is cutting its global workforce by 5% and shifting toward smaller stores and more online shopping. "We recognise that the retail landscape...
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She's 33 and the future of the butter business
CNN
November 21, 2018 - 11:11 am
By Channon Hodge (CNN) -- Amid the farm houses and barns dotting the Mad River Valley area of rural Vermont, five miles north of Sugarbush ski resort, Marisa Mauro is making butter. About 700 pounds of it every week. While she and her assistant pack up golden bricks of butter, they can stare out at...
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President Donald Trump speaks to the media before leaving the White House in Washington, Tuesday, Nov. 20, 2018, to travel to Florida, where he will spend Thanksgiving at Mar-a-Lago.
AP Photo/Manuel Balce Ceneta
November 21, 2018 - 10:16 am
By Deb Riechmann, Associated Press WASHINGTON (AP) — President Donald Trump on Wednesday publicly thanked Saudi Arabia for plunging oil prices amid criticism over his decision not to further punish the kingdom for the killing of U.S.-based columnist Jamal Khashoggi. Trump, who made clear in an...
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Two of the former owners of Toys "R" Us have agreed to pay $20 million to help laid-off employees.
Getty Images via CNN
November 20, 2018 - 2:33 pm
By Chris Isidore, CNN Business (CNN) — Two of the former owners of Toys "R" Us have agreed to pay $20 million to help laid-off employees. Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the...
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Victoria's Secret CEO resigns
Evan Agostini/AP
November 20, 2018 - 10:12 am
By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN (CNN) -- Victoria's Secret CEO Jan Singer has resigned amid a sales slump and competition from young companies challenging the brand's grip on the lingerie industry. The Wall Street Journal first reported Singer's departure last week. Victoria...
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