The feared repeat of last year’s summer travel woes began to materialize this week, with thousands of flights delayed or canceled amid inclement weather and staffing shortages. The troubles began last weekend, with nearly 2,000…
Category:
Business
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U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown tumbled 35%…
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Amid a nationwide wave of social media-linked thefts targeting Hyundais and Kias, which state officials say have caused at least eight deaths, federal regulators have declined to issue a recall of the vehicles. In a…
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Overstock.com will relaunch Bed Bath & Beyond after buying the troubled home goods retailer’s intellectual property in a bankruptcy proceeding for $21.5 million. In a press release Wednesday afternoon, Overstock said that within the next…
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Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage application volume rose 3% compared with the previous week, according to…
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Buyers will look to bid on the Buy Buy Baby brand Wednesday amid the bankruptcy of its parent company, Bed Bath & Beyond. Buy Buy Baby is seen by many analysts as the most valuable…
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Costco is taking a page from Netflix’s book. The retailer is cracking down on people sneaking into its clubs and trying to shop with other people’s membership cards, it said Tuesday. Costco said it has always asked…
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Costco is taking a page from Netflix’s book. The retailer is cracking down on people sneaking into its clubs and trying to shop with other people’s membership cards, it said Tuesday. Costco said it has always asked…
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When federal pandemic aid that had boosted food-stamp benefits expired this year, analysts and advocates warned that gains in combating poverty and food insecurity would quickly erode. A recent report offers early evidence that their…
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Buy Buy Baby, the baby goods retailer owned by Bed Bath & Beyond, has been attracting interest ahead of its bankruptcy-run auction. But suitors are cooling on keeping its stores open. Earlier this week, Bed Bath…