MINNEAPOLIS -- Switching to a new e-commerce system hurt Christopher & Banks' second-quarter results, but the company's CEO said the change was needed for the women's retailer to progress in the long term.
After the company reported worse-than-expected results Tuesday, shares of its stock plunged 21.4 percent, closing at $1.62.
Results for the...Read more
CHICAGO -- Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic building and the beginning of a new chapter, likely as part of a mixed-use redevelopment.
Chicago developer Golub & Co partnered with CIM to buy the tower and adjacent property from Tribune...Read more
SAN DIEGO -- Callaway Golf said it's buying Toulon Design, a premium putter maker owned by former TaylorMade club guru Sean Toulon.
The move brings Toulon, who has more than 80 patents, to Callaway as a senior vice president and general manager of its Odyssey putter brand.
"Sean is one of the most experienced and knowledgeable leaders in the ...Read more
SAN FRANCISCO -- Uber and Lyft spent the last four years cornering the millennial market. Now they're going after a new demographic: senior citizens.
Both ride-hailing companies recently announced partnerships with service providers that allow older customers to book rides through a phone operator, bypassing smartphone apps entirely.
The ...Read more
ST. LOUIS -- A former Monsanto financial executive who blew the whistle on the company's accounting practices has been awarded a $22.4 million share of the government's settlement with Monsanto, according to his lawyer.
The executive, who was not named, told the Securities and Exchange Commission about misleading accounting surrounding sales of...Read more
CHICAGO -- A month after announcing a new e-commerce fulfillment center in southwest suburban Chicago, Amazon is adding yet another facility in the region.
The 850,000-square-foot warehouse, currently under construction in the village of Monee, will be Amazon's fourth in Will County.
"Hundreds and hundreds" of employees at the warehouse will ...Read more
Who knew private cooks have such big heads? Or that doctors are so humble?
In a new survey from PayScale.com, the online salary information company ranked occupations by ego size. It asked 383,000 people how strongly they agree with the statement, "I am the top performer at my company for jobs similar to mine," with the highest scores suspected...Read more
MINNEAPOLIS -- Target Corp.'s chief marketing officer, Jeff Jones, is becoming the new president of Uber.
Jones will be responsible for Uber's ridesharing operations, marketing and customer support, Travis Kalanick, chief executive of San Francisco-based Uber said in a statement.
Jones has been one of the most visible and best-known members of...Read more
God's Just Trying to Get the Juice Out!: A Kingdom View of Trials of Many KindsDemetrius Robinson
God's Just Trying to Get the Juice Out! presents the awesome plan of God and reveals his mighty hands in everything that you face in life. Each chapter traces a divine theme that is woven throughout the Scriptures. When looked at together, they offer an extraordinary ...
CHICAGO -- Sears is getting back into the paint business, hoping an increase in home remodeling projects will mean more home-improvement sales.
Paint and accessories will be available at 23 stores before Sears brings them to stores nationwide, the struggling retailer said in a news release Tuesday.
"After stepping away from the paint business ...Read more
WASHINGTON -- The European Union on Tuesday ordered Ireland to collect up to $14.5 billion in back taxes, plus interest, from Apple Inc., after ruling that the technology giant cut an illegal deal that allowed it to pay almost no taxes from 2003 to 2014 on profits for sales throughout the 28-nation region.
The decision, which follows a two-year...Read more
The European Commission has ordered Apple to pay back taxes to Ireland, saying the country gave the company illegal tax benefits worth up to 13 billion euros, or $14.5 billion.
Ireland has a corporate tax rate of 12.5 percent; the commission said in its press release Tuesday that after two years of investigations, it found that the "selective ...Read more
The flight of pay-TV customers continues.
In a grim reminder of the challenges facing media companies, an estimated 812,000 subscribers pulled the plug on their pay-television service in the second quarter, according to a study by consulting firm SNL Kagan.
The number represents a decline in the number of homes that received a bundle of video ...Read more
NEW YORK -- Meet the new boss, same as the old boss.
That's what financial markets are predicting for the world's largest economy ahead of the November election, according to Bank of America Merrill Lynch Head of Global Rates and Currencies Research David Woo. If those predictions turn out to be wrong, however, the fallout could be ...Read more
At the beginning of each assignment Deloitte accountants take on, the team meets to discuss their worklife concerns. One parent may need to come in early and leave by 5 p.m. to pick up a child from aftercare. Another parent may want to start his day at 10 a.m. and stay past 6 p.m. Under a new approach to family-friendly work arrangements at all ...Read more
Q. I have an associate whose team seems to drop the ball pretty often, and who then deflects responsibility and points it at my team. How can I get him to be more accountable? I'm not trying to assign blame, just have my team treated fairly and be able to effectively plan and deliver our work.
--Alain, 38, IT development lead
A. Use a ...Read more
WASHINGTON -- As a freshman senator with his eye on the presidency, Barack Obama said he'd never shop at a Wal-Mart and held the company up as an emblem of corporate greed.
Today, Wal-Mart Stores Inc. is one of Obama's most reliable corporate allies, a go-to partner that's backed the White House on more than a dozen business initiatives, ...Read more
Q: Despite repeatedly being told that I'm a valuable employee, I sometimes feel that I'm not treated with respect. Because of a serious hearing loss, I wear hearing aids in both ears. Although my manager has installed adaptive equipment and adjusted my job duties, there are times when my special requirements are ignored.
Periodically, all ...Read more
A co-worker and I were grousing about dirty dishes left in the office sink, and this proverb came to mind: A courtyard common to all will be swept by none.
No philosophy degree is needed to understand that. Look at litter along the streets. Dog poop in the park. Paper towels on the restroom floor.
Not my problem. Not my job. I didn't put it ...Read more
One thing our presidential candidates are not doing at this juncture is setting a good example for workplace leadership.
Being a politician and being a boss or manager are two different things, of course, but leaders in the workplace certainly take cues from other high-profile bosses, be they politicos or CEOs.
So let's take a moment to ...Read more
MILWAUKEE -- ABC Supply says it has an agreement to buy L&W Supply, a Chicago-based distributor of drywall, ceiling tiles, steel framing and other materials, for $670 million.
ABC, based in Beloit, says it will be one of the firm's largest acquisitions to date.
After the sale, ABC will operate more than 700 locations in 49 states, with annual ...Read more
- Balancing Act: School's on: Working parents take a team approach
- Consumer spending rises for fourth straight month as incomes post strong gains
- Which workers are most full of themselves?
- 812,000 pay-TV subscribers cut the cord in the second quarter of 2016
- Apple must pay $14.5 billion in back taxes to Ireland, the EU says