Companies

Delta Airlines is testing new biometrics technology that would allow U.S. Customs and Border Protection to record facial images of travelers leaving the United States. The measure is being touted as a way to boost security and make life easier for travelers. Experts say the goal is to move the technology on to all airlines and […]

There are new numbers out today that show just how much we spent on retail last month. And it was not so great. Retail sales were down 0.3 percent, which is the biggest monthly decline in more than a year. Department stores in particular have been struggling, but we wondered if there are any silver […]

Macy’s, like so many other department giants, is reeling from falling sales. Dozens of it stores have shut down as it loses foot traffic to online competition. To reboot itself, Macy’s says it has a new strategy: It plans to offer more exclusive lines. Click the audio player above to hear the full story.

Just after President Trump pulled the United States out of the Paris agreement, Goldman Sachs CEO Lloyd Blankfein tweeted his displeasure. Now, the blue-blood bank is going green in another way with a big move into wind and solar energy. Not just buying it, but pairing other buyers and sellers in the emerging market of […]

Verizon is expected to close on its $4.4 billion acquisition of Yahoo today after nearly a year of negotiations. Verizon will combine Yahoo with its property AOL to create Oath, the largest digital media company in the United States, with more visitors than Google. Will Oath have a chance to compete with Google and Facebook […]

Children’s clothing chain Gymboree announced Sunday it’s filing for Chapter 11 bankruptcy. The retailer will close about 400 of its 1,300 stores and restructure debt in a bid to stay alive. Gymboree views its troubles as part of the larger challenges facing the retail industry as customers move their business online, but some of its […]

General Electric announced today that its CEO, Jeff Immelt, is stepping down. He’ll be replaced by John Flannery, who had been in charge of GE’s health care division. Shareholders have not been happy with the company’s stock performance under Immelt’s leadership. GE will have to let go of some segments dragging it down. Click the […]