True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival — the latest hardware company to succumb to a weak housing market, the company said. The Chicago-based company said it would continue day-to-day operations at its 4,500 independently-owned retailers throughout the Chapter 11 process. Hardware … Read more
U.S. stock indexes closed higher on Wall Street, adding to their all-time highs. The S&P 500 rose 0.8% Monday to build on its record set Friday. The Dow Jones Industrial Average came back from an early loss to add 0.5% to its own record. The Nasdaq composite climbed 0.9%. The gains followed relatively quiet trading … Read more
Elon Musk threatened to take legal action against Democrat-led California after a state commission cited the Republican-backing mogul’s politics in its decision to reject a request for more frequent SpaceX launches. The billionaire founder of SpaceX, which made history over the weekend when it conducted a successful test flight of its Starship Super Heavy booster … Read more
Billionaires who have grown disgusted by disruptive anti-Israel protests across US college campuses are abandoning their elite alma maters — and instead backing a new, “anti-woke” university in Texas that has just 92 students, according to a report. Wall Street trader Jeff Yass, real-estate tycoon Harlan Crow and investor Len Blavatnik are just a few … Read more
Nearly 10 million pounds of beef and chicken that has been recalled over possible listeria contamination can be found in frozen dinners and fresh salads from Trader Joe’s, Jenny Craig, Amazon Fresh and big grocery chains including Kroger, according to US regulators. An updated list released Friday by the US Department of Agriculture includes popular … Read more
NEW YORK — About 200 demonstrators protesting Israel’s war in Gaza were arrested in a sit-in outside the New York Stock Exchange on Monday, police said. The protesters chanted “Let Gaza live!” and ”Up up with liberation, down down with occupation!” in front of the stock exchange’s landmark building in lower Manhattan. “The reason we’re … Read more
DETROIT — Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday. Tavares, who last week pushed out the company’s chief financial officer and the chief operating officers for both North America and Europe in a management restructuring, told reporters … Read more
NEW YORK — Lilly Ledbetter, an former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation, has died at 86. Ledbetter’s discovery that she was earning less than her male counterparts for doing the same job at a Goodyear Tire … Read more
The pandemic didn’t just change how New Yorkers work. It’s also completely up-ended how they dine and drink — and put a serious dent in the idea of happy hour. “People used to work from 9 to 5. And you were happy at 5:01 because your workday ended,” Eugene Remm, co-founder of Catch Hospitality Group, told … Read more
PARIS — PARIS (AP) — Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. The biennial show has long been a major industry showcase, tracing its history to 1898. Chinese … Read more