Corporate News

Target's bright spot: robust customer traffic

May 23, 2018

Target sees more customers in stores and online, but shares fall on lower-than-expected profit

New Jersey OKs $300M annually to rescue nuclear industry

May 23, 2018

Legislation authorizing $300 million annually in ratepayer-financed assistance to rescue New Jersey's nuclear energy industry has been signed into law

Stocks slip after weak economic data from Europe

May 23, 2018

US stocks are down and European indexes are taking sharp losses as investors worry about the European economy after an index measuring the strength of the region's business sector hit an 18-month low

Foxconn says no changes planned for Wisconsin project

May 23, 2018

Taiwan-based Foxconn Technology Group says it remains committed to its $10 billion Wisconsin manufacturing facility, rejecting a report out of Asia that it's considering reducing initial costs by making display screens for smaller electronics

Ex-CFO gets prison term for stealing more than $1 million

May 23, 2018

The former chief financial officer of a New Jersey orthopedic care provider is headed to prison for stealing more than $1 million from the company for his personal use

Markets Right Now: Banks lead midday declines for US stocks

May 23, 2018

U.S. stocks are mostly lower in midday trading on Wall Street, led by declines in banks as bond yields move lower.

Hawaii geothermal plant plugs wells as lava flows nearby

May 23, 2018

Lava from Hawaii's erupting volcano that is flowing near a geothermal plant has prompted the plugging of production wells to prevent toxic gas from seeping out

Lowe's 1Q falls flat as extended winter cuts into sales

May 23, 2018

Lowe's, which named a new CEO this week, posts weak profit and revenue numbers in 1Q

Workers plugging energy wells as lava flows nearby

May 23, 2018

Authorities are racing to close off production wells at a geothermal plant threatened by a lava flow from Hawaii's Kilauea volcano

Trayvon's parents say Weinstein's company owes them $150,000

May 23, 2018

Parents of slain Florida teen Trayvon Martin say The Weinstein Company owes them $150,000 for optioning the rights to their book in order to make a yet unaired TV series based on their son's legacy