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Business News

  • Correction: Sears-Survival story

    NEW YORK - In a story Feb. 7 about Sears staying in business, The Associated Press incorrectly spelled the name of a popular American TV show that aired in the 1960s. The show is "The Andy Griffith Show," not "The Andy Griffin Show." The AP also incorrectly referred to the railroad tycoon. His name was Jay Gould not J. Gould.
  • Ghosn's legal woes highlight governance failings in Japan

    TOKYO - One of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now.
  • Tears for Sears: The rise and decline of a Canadian retail giant

    TORONTO - For decades, Sears was a quintessential part of the Canadian shopping experience. Its catalogues adorned coffee tables and its Kenmore-branded appliances were staples in homes for generations. But like Eaton's and Simpsons before it, Sears has encountered a litany of problems.
  • Hard times for Sears as retailer notes doubt about future

    NEW YORK - Sears, a back-to-school shopping destination for generations of kids, has said that after years of losing money that there is "substantial doubt" it will be able to keep its doors open. But it also insisted that its actions to turn around its business should help reduce that risk.
  • Trump interjects himself in Air Force One, business deals

    FAYETTEVILLE, N.C. - President-elect Donald Trump, a political newcomer who touts his corporate skills, turned businessman-in-chief Tuesday, first demanding the government cancel a multibillion-dollar order for new presidential planes and then hailing a Japanese company's commitment to invest billions in the U.S.
  • Google, Lenovo announce sales of depth-perceiving phone by this summer

    LAS VEGAS, Nev. - The latest developments surrounding the consumer-electronics show in Las Vegas known as CES (all times local):
  • Google dons new-look logo as it heads into new era under holding company Alphabet

    SAN FRANCISCO - Google is refining its famous logo as it prepares to become a part of a new holding company called Alphabet.
  • Recalls this week include children's books, dehumidifiers, and toy sets

    A line of children's book with parts that pose a choking hazard and dehumidifiers that can overheat and catch fire are among this week's recalled consumer products. Others include toy sets, motorcycle training wheels, and boat carts.
  • Music retailer HMV suspends share trading, calls in administrators to attempt rescue

    LONDON - British music and entertainment retailer HMV admitted defeat on Tuesday after more than 90 years in business, suspending trading in its shares and calling in administrators to try to salvage any viable parts of the business.

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