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  • See a layoff through, or see yourself out?

    See a layoff through, or see yourself out?

    Question: My company has decided to close several of our branch offices this year. I'm an IT manager; my job and half of my team's jobs will be eliminated when our office closes in the fall. We've been offered severance, and some folks have been offered retention bonuses to stay until the bitter...

  • J.C. Penney to close 130 to 140 stores and offer early retirement to 6,000 workers

    J.C. Penney to close 130 to 140 stores and offer early retirement to 6,000 workers

    J.C. Penney said Friday it will be closing 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping. The closures represent 13% to 14% of the department store operator's current store count, and less than...

  • Jaguar F-Pace: A luxury SUV joins a crowded field

    Jaguar F-Pace: A luxury SUV joins a crowded field

    How I pity the luxury SUV shopper. The market is flooded with well-designed, well-built, upscale cars. Between the options offered by BMW, Audi, Lexus, Acura, Porsche, Mercedes-Benz and others, every aspirational car company has a suitable SUV for sale. On the lower end, Volkswagen and Subaru are...

  • When tech companies go public, employees can strike it rich — or not. And then the trouble starts

    When tech companies go public, employees can strike it rich — or not. And then the trouble starts

    Five years ago when Facebook went public, employees of the social network were glued to office televisions airing CNBC, waiting for the company’s trading price. “Everyone was hoping for a pop,” said Dan Fletcher, a former Facebook employee, referring to the spike in stock price that some companies...

  • Nasty Gal, once a fashion world darling, is now bankrupt. What went wrong?

    Nasty Gal, once a fashion world darling, is now bankrupt. What went wrong?

    By 2012, Nasty Gal was a fashion world success story, growing from an Ebay store to nearly $100 million in sales in just six years. Founder and Chief Executive Sophia Amoruso was Nasty Gal’s best model, embodying the Los Angeles company’s edgy-and-feminine aesthetic and attracting flurries of laudatory...

  • Stocks end mixed as investors seek safety

    Stocks end mixed as investors seek safety

    Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds and companies that pay big dividends. Construction equipment, transportation...

  • Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

    Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

    Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan Motor Co. to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as the automaker’s chairman. Saikawa will become chief executive at Nissan — based in Yokohama, Japan —...

  • Brad Grey leaves struggling Paramount Pictures as search for new studio chief begins

    Brad Grey leaves struggling Paramount Pictures as search for new studio chief begins

    Paramount Pictures Chairman Brad Grey has finalized his exit from Viacom Inc. after 12 years managing the legendary movie studio that has struggled to produce box-office hits. Grey’s departure, which was telegraphed last week and announced Wednesday, takes effect immediately. It comes as Viacom’s...

  • Stocks mostly slip, but Dow hits a new record high

    Stocks mostly slip, but Dow hits a new record high

    U.S. stocks mostly slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals would win approval from regulators. While energy stocks fell with the price of oil, most other sectors didn't make big moves....

  • Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    In a deal that could have implications for the satellite launch business, rocket engine manufacturer Aerojet Rocketdyne has acquired leading missile-target developer Coleman Aerospace for $15 million in cash. The deal, which is expected to close Friday, will allow Aerojet Rocketdyne — a unit of...

  • AwesomenessTV CEO and founder Brian Robbins leaves video company

    AwesomenessTV CEO and founder Brian Robbins leaves video company

    Brian Robbins, the co-founder and chief executive of teen-focused online video network AwesomenessTV, is leaving the company after five years, he told staff Wednesday.  Robbins did not cite a reason for his exit, but his departure comes six months after parent company DreamWorks Animation was acquired...

  • Two-thirds of Americans aren't using this easy way to save for retirement

    Two-thirds of Americans aren't using this easy way to save for retirement

    Less than one-third of Americans are saving money in their 401(k)s and other workplace retirement accounts, according to an analysis of tax records by Census Bureau researchers. Although nearly 80% of Americans work for an employer that offers a retirement program — whether a 401(k), 403(b) or...

  • Fed officials indicate another interest rate hike could come 'fairly soon'

    Fed officials indicate another interest rate hike could come 'fairly soon'

    Federal Reserve policymakers said at their latest meeting that another small hike in a key interest rate could come "fairly soon," opening the door a bit wider to an increase next month, according to minutes of the meeting released Wednesday. Fed officials reiterated their "considerable uncertainty"...

  • Americans buy existing homes at fastest pace in a decade

    Americans buy existing homes at fastest pace in a decade

    Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3% in January from December to a seasonally...

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