Business

A Sears store in the Chicago area
Jose M. Osorio/Chicago Tribune/TNS/Sipa USA
November 16, 2018 - 2:37 pm
By Chris Isidore, CNN Business (CNN) -- Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains...
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In this Tuesday, Nov. 13, 2018 photo, an employee plays the FAO Premium Piano Dance Mat during a media preview of the new FAO Schwarz store at Rockefeller Center in New York.
AP Photo/Mary Altaffer
November 16, 2018 - 10:42 am
By Verena Dobnik, Associated Press NEW YORK (AP) — Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz is making a return to New York. A new FAO opens Friday in Manhattan's Rockefeller Center, about 10 blocks from its former home near Central Park. For more than 150 years...
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Uber and Lyft apps on an iPhone
Xinhua/Sipa USA
Rachel Kurland
November 14, 2018 - 1:32 pm
PHILADELPHIA (KYW Newsradio) — In case you were ever on the fence about choosing between a ride-sharing app service or a cab, the top names in the carpooling game have just launched incentivized programs for its riders. Lyft announced its loyalty rewards program earlier this week. Lyft riders will...
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In this Nov. 13, 2018, photo, workers prepare to install gigantic video screens at Resorts Casino in Atlantic City N.J., in the casino's new sports betting facility it will open with DraftKings on Nov. 20.
AP Photo/Wayne Parry
November 14, 2018 - 10:53 am
By Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) — DraftKings and Resorts Casino are firing the latest shot in New Jersey's sports book arms race, with a full-fledged sports betting facility due to open in a week. The two companies told The Associated Press their 5,000-square-foot sports...
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Cooper University Hospital
Tim Jimenez/KYW Newsradio
David Madden
November 14, 2018 - 7:41 am
CAMDEN, N.J. (KYW Newsradio) — The new year will bring a new minimum wage for hundreds of workers at Camden County’s largest employer. Cooper University Health Care is taking its minimum wage to $15 an hour, affecting 10 percent of the company’s 7,500-member workforce. Chairman George Norcross...
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A Philadelphia city council committee hears testimony, Tuesday afternoon, on a bill that would require employers to give part-time employees more stability in scheduling.
Holli Stephens / KYW Newsradio
Pat Loeb
November 13, 2018 - 3:11 pm
PHILADELPHIA (KYW Newsradio) — Amazon has chosen Queens, New York, and northern Virginia to split its new corporate headquarters, bypassing Philadelphia, despite the city's offer of more than $1 billion in tax incentives. While city officials say they are disappointed, they have no regrets. Harold...
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Amazon
PA Images/Sipa USA
November 13, 2018 - 10:20 am
By Joseph Pisani, AP Retail Writer NEW YORK (AP) — Amazon is hard to escape. Whether you've bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you've been caught up in Amazon's growing web of businesses. And now, Amazon's sprawling empire will stretch even...
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Traffic moves along 44th Drive in Long Island City, Wednesday, Nov. 7, 2018, in the Queens borough of New York.
AP Photo/Mark Lennihan
November 13, 2018 - 10:06 am
NEW YORK (AP) — Amazon, which is growing too big for its Seattle hometown, is spreading out to the East Coast. The online shopping giant ended its 14-month-long competition for a second headquarters Tuesday by selecting New York and Arlington, Virginia, as the joint winners. The two cities will...
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Amazon
PA Images/Sipa USA
Tim Jimenez
November 13, 2018 - 7:23 am
UPDATED: 10:10 a.m. PHILADELPHIA (KYW Newsradio) — After a year-long competition, Amazon has made a decision on where its second headquarters will be. Amazon made the announcement Tuesday morning that Long Island City in Queens, New York, and Crystal City in Arlington, Virginia, will be splitting...
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After running a year-long competition that drew interest from hundreds of cities and states, Amazon has reportedly chosen New York City and Northern Virginia to split duty as its second headquarters.
Getty Images/CNN
November 12, 2018 - 10:41 pm
By Kaya Yurieff, CNN Business (CNN) -- After running a year-long competition that drew interest from hundreds of cities and a number of states, Amazon has reportedly chosen New York City and Northern Virginia to split duty as its second headquarters. The Wall Street Journal reported late Monday...
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