Economy News

Wal-Mart to increase holiday hiring by 10%


Wal-Mart Stores Inc. says it plans to hire 60,000 temporary holiday workers for the crucial holiday season…

Sony forecasts $2B loss as smartphones lag


Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century…

Will Apple’s digital wallet kill the card swipe?


Apple wants the plastic credit card to become as rare as the paper check…

California mandates sick days for workers


California will require most employers to provide millions of workers with up to three sick days each year…

Alibaba seeks to raise up to $24.3B in IPO record


China’s Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO…

Malaysia Airlines cuts 6,000 jobs

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Malaysia Airlines has cut 6,000 jobs as part of a wide-ranging overhaul that follows the loss of two aircraft earlier this year…

Labor Day gas prices lowest since 2010


Motorists have something to celebrate this Labor Day weekend. Gasoline prices will be at their lowest levels since 2010…

Burger King plans expansion of Tim Hortons

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The fight for the coffee and breakfast crowd is heating up, both at home and abroad….

China fines 12 Japanese firms in auto price probe


China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million…

Ballmer steps down from Microsoft board

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Former Microsoft CEO Steve Ballmer is stepping down from the company’s board, bringing to a close 34 years with the software giant…