Business News / Business

Deal to save Taj casino falls apart

PHILADELPHIA -- A deal between billionaire Carl Icahn and the casino workers union in Atlantic City, N.J., fell apart Thursday, putting the future of the bankrupt Trump Taj Mahal in doubt, union president Bob McDevitt said in a statement.

The ...

Kraft names John Cahill new CEO

CHICAGO -- Kraft is having Chairman John Cahill take over the CEO role later this month as the food maker vows to speed up changes following poor results.

News of the surprise change, which includes the retirement of CEO Tony Vernon, 58, sent ...

Jobless claims drop as economy strengthens

Initial jobless claims fell more than expected last week, underscoring an improved labor market.

First-time applications for unemployment benefits fell 6,000 from the previous week to 289,000, the Labor Department said Thursday. Economists had ...