Lowe's announced Tuesday morning that it has named former J.C. Penney CEO Marvin Ellison its new CEO, effective July 2. Ellison succeeds Robert Niblock, who announced his plans to step down as chief executive in late March.
The Mooresville, N.C.-based home improvement retailer called Ellison a 30-year retail industry veteran who brings "...Read more
The creative economy of the Los Angeles region saw significant job growth between 2011 and 2016, with statewide creative employment now exceeding the pre-recession highs observed more than 10 years ago, according to a new study.
The annual Otis Report on the Creative Economy, which was released Tuesday, noted that direct employment in the Los ...Read more
WASHINGTON -- Special counsel Robert Mueller's team has asked about flows of money into the Cyprus bank account of a company that specialized in social media manipulation and whose founder reportedly met with Donald Trump Jr. in August 2016, according to a person familiar with the investigation.
The inquiry is drawing attention to PSY Group, an...Read more
One of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people's retirement lifestyles will be perfectly comfortable.
A recent post on the Squared Away blog of Boston College's authoritative Center for Retirement Research solves...Read more
When the Washington County Sheriff's Office in Oregon started using Amazon's facial-recognition software in 2016, deputies welcomed a new tool to quickly identify suspects and solve cases.
The American Civil Liberties Union (ACLU) saw something different: a troubling extension of the government's ability to keep an eye on its citizens.
The ...Read more
WASHINGTON -- Time is running out on Mick Mulvaney's tenure as acting head of the Consumer Financial Protection Bureau, but there's an easy way for the White House to extend his tenure: nominate somebody -- anybody -- else to permanently fill the job.
As it stands now, Mulvaney must step down from his job temporarily running the bureau next ...Read more
DURHAM, N.C. -- Dova Pharmaceuticals received federal approval Monday for a first-of-its-kind drug to control life-threatening bleeding in people with chronic liver disease.
The Durham start-up plans to start selling the medication, named Doptelet, next month. The pill is designed for chronic liver patients who are planning a minor medical ...Read more
Securian, the St. Paul, Minn.-based life insurance and financial services company, added the word "Financial" to its name on Monday as part of a rebranding and marketing campaign aimed at reaching consumers directly.
The 138-year-old company, for decades known as Minnesota Mutual Life Insurance, unveiled a new Securian Financial logo and ...Read more
The geeks in Best Buy's Geek Squad have long taken on one-time tasks for customers, such as fixing a broken laptop or installing a new TV.
But as consumers fill their homes with more connected gadgets -- and as the Richfield, Minn.-based retailer looks to develop revenue beyond transactions -- Best Buy is expanding Geek Squad services to all ...Read more
Months after surgeons removed part of her jawbone due to cancer, Adrienne Frank was still recovering. She needed a feeding tube because she couldn't eat, had trouble speaking and was suffering a lot of pain.
And more treatment was on the horizon: She had received her sixth oral cancer diagnosis in 11 years when doctors found that the cancer had...Read more
Q: After a team member left the company, I found indications that he was trash talking about me with other team members. Now I am having trouble trusting them and their loyalty to me and the team. How can I handle this?
--Francis, 40, head of communications
A: It doesn't pay to write off your team based on your departed staff member's behavior...Read more
Q: Despite having a stellar employment record, I am concerned about two incidents mentioned during my recent performance review. Both involved accusations which were completely unfair.
Several months ago, our human resources manager told me that I was suspected of harassing another employee. She refused to reveal the nature of the offense or ...Read more
LONDON -- Facebook Inc. co-founder Mark Zuckerberg, who has so far refused to appear before U.K. lawmakers over the Cambridge Analytica scandal, may indirectly face questions from London on Tuesday after parliamentarians appealed to their counterparts in Brussels for help.
Damian Collins, chairman of the House of Commons Digital, Culture, Media...Read more
A New Mexico man who admitted paying hackers to sabotage websites affiliated with his former employers and government agencies in Minnesota, has been sentenced to 15 years in prison.
John K. Gammell of Las Cruces was sentenced last week in federal court in St. Paul to five years of supervised release and restitution that authorities were still...Read more
SAN FRANCISCO -- It's March 2016. Tesla Chief Executive Elon Musk is on stage for the dramatic unveiling of the Tesla Model 3.
Tesla will make hundreds of thousands a year, he said. It will be fun to drive. It will be affordable. "In terms of price, of course, it'll be $35,000," he beamed, awash in thunderous applause.
Now it's May 2018. You ...Read more
California toy mogul Isaac Larian said Monday he has given up his effort to buy several hundred Toys R Us stores from the bankrupt retailer after he and the company's debt holders were unable to reach an agreement.
A group of investors led by Larian, founder and chief executive of MGA Entertaintment Inc., had submitted a $675 million bid on ...Read more
Fidelity Investments is feeling indigestion over its holdings in Entercom Communications Corp.
Fidelity, based in Boston, has taken a 10.9 percent stake in the Bala Cynwyd, Pa.-based radio station group whose shares are now trading around a five-year low after a first-quarter earnings miss.
Wall Street has punished the stock, knocking 25 ...Read more
Fiat Chrysler Automobiles is recalling more than 51,000 of its 2018 Jeep Cherokees because of a fire risk.
The company said it is unaware of any accidents or injuries related to the defect, involving fuel-supply tubes that could leak. The campaign is limited to SUVs with a 2.4-liter engine and does not include the refreshed 2019 Jeep Cherokee, ...Read more
After sexual misconduct allegations against Mario Batali emerged Sunday night on "60 Minutes," Eataly confirmed Monday that Batali has had no direct involvement with the Italian market and food hall since December 2017 and that the company is in the process of a full separation from the chef.
"We have initiated a process to compel the ...Read more
CHICAGO -- Fifth Third Bancorp will buy Chicago-based MB Financial Bank for $4.7 billion, the banks announced Monday.
The merger will create the fourth-largest Chicago bank in total deposits with a 6.5 percent market share, and give the combined company 20 percent of the city's "middle market" banking relationships. MB branches will take the ...Read more
- Eataly to terminate relationship with chef Mario Batali amid sexual misconduct allegations
- What happened to the 'affordable' $35,000 Tesla Model 3?
- As more cancer patients survive, workplace protections fall short
- Fiat Chrysler recalling 51K Jeep Cherokees because of fire risk
- California toy mogul Isaac Larian gives up on bid to buy hundreds of Toys R Us stores