Companies

Two German grocery giants are casting a big shadow in the U.S. Aldi, which has operated here since the late 1970s, says it wants to add about 800 stores to the 1,700 it operates today. Meanwhile, Lidl, another German chain, will open the first of its planned U.S. stores later this week on the East […]

Credit card defaults are rising as lending standards have started to fall from the early post-recession days — that’s according to a new report by the credit rating agency Moody’s. The report shows even with unemployment at low levels, those charge-offs have increased significantly for some U.S. lenders, exceeding expectations of a modest rise.   […]

Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other […]