Business News

Justin Sullivan/Getty Images (NEW YORK) — Walgreens plans to close a large share of its U.S. stores over the next three years, Chief Executive Tim Wentworth said on a conference call with industry analysts on Thursday. Wentworth described a quarter of the company’s 8,500 stores as “underperforming,” saying the health care giant would close a “significant portion” of those locations. …

Signage outside a Boeing office building in Arlington, Virginia, U.S., on Thursday, May 5, 2022. (Eric Lee/Bloomberg via Getty Images) (NEW YORK) — Boeing will be subject to sanctions for disclosing non-public information about an investigation into how a door plug blew out of one of its 737 Max 9 planes, the National Transportation Safety Board said on Thursday. Officials …

Foppen Seafood (NEW YORK) — For American consumers who enjoy adding slices of smoked salmon to a bagel or other breakfast dishes, it’s time to check the refrigerator, because one producer of the famed Norwegian export has recalled products from stores in 15 states. Norwegian smoked salmon recalled in 15 states Netherlands-based Foppen Seafood issued a recall for one lot …

Taco Bell (NEW YORK) — Wendy’s has long offered a $5 meal deal, but newcomers like McDonald’s and Burger King have prompted an influx of fast food companies vying for customers’ attention and appetites. Now, Taco Bell is the latest chain bringing more affordability to the table. The California-based Mexican-inspired fast-food chain announced the launch of its $7 Luxe Cravings …

Scott Olson/Getty Images (WASHINGTON) — The Department of Justice is preparing to present the Boeing Company a plea deal that would again allow the aerospace giant to avoid a trial over an alleged conspiracy to defraud the United States, according to attorneys for families of victims of two fatal Boeing 737 Max crashes who were briefed on the department’s plans …

David Berding/Getty Images (WASHINGTON) — Some of the nation’s top business and labor leaders voiced alarm in the hours following the presidential debate on Thursday night, as some raised concern about President Joe Biden’s age and others questioned former President Donald Trump’s fitness for office. Prominent figures who already held misgivings about Biden seized on his debate performance and doubt …

Andrew Brookes/Getty Images (NEW YORK) — The stock market defied expectations with a strong performance over the first half of 2024. But the success poses a key question for investors: Is there room for stocks to go even higher? The S&P 500 climbed nearly 15% over the first six months of the year. The Dow Jones Industrial Average climbed about …

United States Consumer Product Safety Commission (NEW YORK) — This story has been corrected to specify that the power adapters are being recalled. Hatch, a popular sleep aid device company, has recalled more than 900,000 Rest 1st Generation sound machine adapters due to a shock hazard. “In partnership and compliance with the Consumer Product Safety Commission (CPSC), Hatch has issued …

USDA (NEW YORK) — More than 4,600 pounds of liquid egg products have been pulled from shelves due to “misbranding and undeclared allergens.” Michael Foods Inc. has issued a recall on approximately 4,620 pounds of liquid egg products that contained milk, which is a known allergen but was not declared on the product label, the U.S. Department of Agriculture’s Food …

KLH49/Getty Images (WASHINGTON) — The economy appears to be holding steady, with the arrival of the Labor Department’s latest jobs report. Employers hired 206,000 workers in June, making for 42 consecutive months of growth, according to new data from the U.S. Bureau of Labor Statistics. Still, the unemployment rate ticked higher to 4.1%, reaching that level for the first time …