Red Lobster may exit bankruptcy protection soon
Red Lobster is set to exit Chapter 11 bankruptcy protection after a judge approved its reorganization plan. The seafood chain plans to operate 544 locations and will introduce a new CEO, Damola Adamolekun, as it looks to stabilize its business following financial struggles and restaurant closures.
Verizon to buy Frontier in $20B deal
Verizon is acquiring Frontier Communications in the massive deal to boost its network, while helping its efforts in artificial intelligence.
Foxtrot reopens in Gold Coast after being closed for months
The upscale corner store chain, Foxtrot, reopened its first location in Chicago after a temporary closure earlier this year.
Foxtrot reopens in Chicago's Gold Coast
Foxtrot, the revived upscale corner store chain, reopened its first location in Chicago’s Gold Coast on Thursday.
Foxtrot reopens store in Gold Coast
Foxtrot, the revived upscale corner store chain, reopened its first location in Chicago’s Gold Coast on Thursday.
Why are so many restaurant chains filing for bankruptcy this year?
The year has not even reached its fourth quarter and bankruptcies among restaurant chains, operating companies and large franchisees are already nearly double what they were in 2023.
College Savings: What parents and students should know
According to a recent study, saving for college is a priority now more than ever. A 529 plan offers a flexible, tax-advantage way to save and pay for educational expenses.
Krispy Kreme Barbie Doughnuts: Locations, flavors, exclusive doll giveaway
Starting Tuesday, Krispy Kreme is celebrating Barbie's 65th anniversary with four new limited-edition doughnuts: Yes, they are pink-- no, they aren't plastic. The release will also include a giveaway. Details here.
Big Lots weighing possibility of bankruptcy filing as sales dwindle
The discount retailer has faced declining sales.
Costco raising membership fees this weekend – the first time since 2017
Costco announced the membership increase in July. Starting Sunday, here’s what it will now cost.
Durbin blasts health and law enforcement officials over illegal e-cigarettes used by teens
Illinois Sen. Dick Durbin blasted top health and law enforcement officials for not doing more to combat the rise of illegal electronic cigarettes among young people in the U.S., a multibillion-dollar business that has flourished amid haphazard enforcement.
Positive inflation report gives boost to Wall Street
A positive inflation report is signaling a possible rate cut at next month's Federal Reserve meeting. It would come as the race for the White House heats up with the economy as the most pressing issue for voters. Connor Hansen has the story.
Grocery chain joins Walmart, CVS, others in ending cigarettes sales
CVS, Target and Walmart have already removed tobacco products from stores and online.
Social Security: 3 changes to look out for in 2025, according to experts
The Social Security COLA increase in 2025 is likely to be smaller than in 2024, according to estimates. Here are some potential changes Americans should take into account.
Maryland city will pay you $20,000 to move there
A city in Maryland is offering a $20,000 incentive to get new residents to move there.
Kroger, other retailers charging fees for 'cash back' at registers
A recent report finds that some big retailers are levying fees on consumers who are asking for cash back during transactions at stores.
Ex-Peloton billionaire CEO John Foley says he's lost all his money
Former Peloton CEO and co-founder John Foley said in a new interview that his fortune dried up. “I’m an open book… I’ve had to sell almost everything in my life."
Kroger-Albertsons merger trial: What to know about the proposed plan, possible impact on grocery prices
Albertsons and Kroger proposed a $24.6 billion merger in 2022, with the Federal Trade Commission suing to prevent the deal claiming that it would stop competition among retailers and increase grocery prices.
Kroger, Albertsons head to court to defend merger plan
Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday in Oregon.
Kroger, Albertsons in court to defend merger
Two grocery giants, Kroger and Albertsons proposed a $25 billion merger in October 2022. After pushback from lawmakers, the companies went to court Monday to defend their plan.