Under Jeff Smisek’s stewardship, the merger of United Airlines and Continental was marred by mediocre stock performance, computer glitches, and low grades from consumers. But Smisek’s sudden ouster as the airline’s CEO likely had more to do with inquiries pegged to alleged corruption at the Port Authority of New York and New Jersey than his turbulent tenure at the carrier's helm. “It
After a month of market volatility and an announcement it will close dozens of underperforming stores, Macy’s will soon open Best Buy shops within some of its department stores as a way to test selling consumer electronics. The companies announced the arrangement earlier this week, which will begin in 10 Macy’s stores across the country in November. The 10
Job openings surged to a record high in July even as hiring fell, signaling a tighter labor market that's expected to soon push up wage growth. Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000, the Labor Department said Wednesday. The previous high was 5.4 million in May. The report doused a market rally as investors took it as
Chevrolet's 2016 Malibu, which has been overhauled with a new sleek look, will have a new, lower base price. The new version of the midsize sedan carry starting prices ranging from $22,500, including shipping charges, for the base L model to $31,795 for the up-level Premier package. The current lowest priced Malibu is $23,290. "We've continued our focus on delivering on the highest levels
Fiat Chrysler Automobiles said today it is recalling nearly 1.7 million recent-model Ram pickups to check or repair wiring harnesses, airbags and steering components that may be faulty. The automaker issued three separate recalls that affect its popular Ram 1500 or larger heavy-duty trucks, potentially impacting efforts to increase market share and boost its reputation
WASHINGTON — The Justice Department issued a new policy Wednesday that made the prosecution of Wall Street executives involved in financial fraud a major priority, all but acknowledging nagging criticism that powerful corporate figures have escaped criminal charges in favor of giant monetary penalties. "Effective immediately, we have revised our policy guidance to require that if
Sorry Elsa, but Chewie, Yoda and the gang are back and taking over the holiday shopping season. With the Dec. 18 movie release of Star Wars: The Force Awakens, some retailers stand to gain a fourth-quarter sales uptick as they make a major marketing investment and dedicate significant floor space to new toys, apparel, games and even home decor tied to
