Business

Crumbs Bake Shop Shutters Stores

Crumbs Bake Shop says it is shuttering all of its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.


United Shifting Jobs at 12 Airports to Cut Costs

United Airlines is outsourcing more than 600 jobs at 12 airports around the country to cut costs while adding jobs at other airports.


ADM to Buy Swiss Flavoring Maker

Agribusiness giant ADM will pay about $3 billion to buy the privately held Swiss company Wild Flavors, which supplies natural flavors and other ingredients to food and beverage makers.


Truckers Strike at Los Angeles, Long Beach Ports

Truckers in a long-running dispute with three companies at the ports of Los Angeles and Long Beach have started what they say is an indefinite strike.


Bed Bath & Beyond Approves $2 Billion Buyback

Bed Bath & Beyond Inc. said Monday that its board approved spending up to $2 billion to buy back the home goods retailer's stock.


IMF Chief Hints at Reduction in Growth Forecasts

The International Monetary Fund predicts growth in the global economy but at a slower pace than previously expected.


Spanish Banks Cut Branches to Lowest Number Since 1980

Banks have responded to the financial crisis by reducing the total number of branches in Spain to 14,063, the lowest level since 1980, the Spanish Banking Association, or AEB, said.


Backlash Stirs in US Against Foreign Worker Visas

But amid calls for expanding the nation's so-called H-1B visa program, there is growing pushback from Americans who argue the program has been hijacked by staffing companies that import cheaper, lower-level workers to replace more expensive U.S. employees or keep them from getting hired in the first place.


Shopping Malls Adapt As Consumers' Shopping Habits Change

As shopping habits change, some predict that traditional, enclosed malls are doomed to go the way of the leg warmer. So malls are fighting back.


California Export Trade Keeps Rolling in May

California export trade continued to sizzle in May, adding nearly $1 billion to year-ago totals and maintaining a pace well ahead of a record-setting 2013.


For-Profit College to Sell Most Campuses

Corinthian Colleges Inc. has agreed to sell most of its campuses in a deal reached with the Education Department.


BlackBerry Sells its German-Based R&D Assets

BlackBerry is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary of the automaker that makes interactive technology for vehicle dashboards.


SunTrust Mortgage settles federal probe for $320M

SunTrust Mortgage Inc. has agreed to pay up to $320 million to resolve allegations that it misled customers seeking loan modifications.


Boeing Delivered 181 Planes Last Quarter

The Boeing Co. said Thursday that it delivered 181 commercial planes during the second quarter.


Express Scripts Cuts Payments for Customized Drugs

The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed medicines are ineffective or overpriced.


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