Sears Sues Former CEO Eddie Lampert, Accusing Him Of Siphoning $2 Billion As Company Faced BankruptcySears Holding Corp. has sued former chairman and CEO Eddie Lampert, and his hedge fund, ESL, accusing them of draining $2 billion from the company as it was headed into bankruptcy.
Netflix Adds 9.6M Subscribers In 1Q As Competition Heats UpIt's the most subscribers that Netflix has gained during any three-month stretch since the Los Gatos, California, company unveiled its streaming service 12 years ago.
Martha Stewart Brand To Be Sold AgainStewart will still oversee the brand, which she founded in the 1990s, and includes magazines, cookware and towels.
Obama Foundation Draws High-Dollar, International DonationsThe foundation's annual report and tax documents show that it raised more than $232 million from private donors during 2017 and spent about $21.3 million on operations.
Walmart Partners With Kidbox Styling Service For KidsIt marks its first subscription service for clothing. In 2014, Walmart launched a quarterly subscription of beauty samples and products. Walmart had tested a short-lived subscription snack service called Goodies.
UnitedHealth Beats Expectations All AroundUnitedHealth covers nearly 50 million people internationally as the largest U.S. health insurer, but it also has been stoking growth in its Optum segment for several years now.
CVS Fined $535K For Filling Forged Percocet PrescriptionsPercocet is a brand-name painkiller that contains acetaminophen and the opioid oxycodone.
More Cancellations For Boeing's 737 Max PlanesThe widespread cancellations come after the Max's anti-stall software was implicated in two fatal crashes in Ethiopia and Indonesia since October.
Mainstream Retailers Embrace Marijuana's Less Taboo CousinRetail sales of CBD consumer products in 2018 were estimated to reach as much as $2 billion, according to Cowen & Co. By 2025, that figure could hit $16 billion in retail sales, the investment firm predicts.
American Airlines Cancels Max Flights Through Mid-AugustBoeing aims to finish fixing the planes in late April, and changes would have to be submitted to the Federal Aviation Administration and foreign regulators for approval.
GM To Reveal Next-Generation Corvette In JulyThe new sport car has been photographed undergoing road tests for months. Corvettes debuted in 1953 and are manufactured at a GM plant in Bowling Green, Kentucky.
As Cashless Stores Grow, So Does The BacklashBusiness owners who go cashless say they are following the lead of the majority of customers who are abandoning cash payments. Retailers are under pressure to cater to customers with heightened expectations for fast and seamless service, driven by companies like Amazon, Uber and Grubhub.