Companies

The International Monetary Fund on Monday downgraded its estimate of U.S. growth prospects. Only three months ago, the world financial body said it thought U.S. gross domestic product would grow by 2.3 percent this year and 2.5 percent next year. Now, it’s lowered its estimates to 2.1 percent. That’s bad news for the economy and […]

Hasbro, the toy and game powerhouse, reports its second quarter earnings today . So far this year, the company has been going strong, beating expectations, which is not the case for its rival, Mattel. We explore why the companies may be trading fortunes.  Click the audio player above to hear the full story.

Amazon just keeps growing. So does its spending on lobbying in support of policies it thinks will aid that growth. Filings with the Securities and Exchange Commission show the company is on track to spend $12 million lobbying this year, $1 million more than it spent in 2016. What’s on Amazon’s wish list? Click the […]

Sears has inked a deal with Amazon that it hopes will boost its flagging sales. Amazon will begin selling appliances by Kenmore — one of Sears’ flagship brands. But there could also be a downside for the struggling department store chain. Click the audio player above to hear the full story.  

General Electric is expected to report its second quarter earnings before the markets open today . It’ll be longtime CEO Jeffrey Immelt’s last chance to seal his legacy at the company before stepping down at the end of the month. GE’s stock has earned the distinction of being the worst performer in the Dow Jones […]

“Got Milk?” is arguably the dairy industry’s best ad slogan ever. But how about “Got Cheese?” That do anything for you? Americans are eating record amounts of cheese — 35 pounds of it per person each year on average. But diary farmers still have plenty left over, and there’s a huge surplus of the base product, milk, […]