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Business

Sears & Walmart Portrait Studio Chain Calls it Quits

Portrait photography company CPI Corp., which operates 3,000 family portrait studios in Sears and Walmart stores, has closed its business.

Chernin Bids $500 Million for Hulu

One of the founders of video website Hulu, Peter Chernin, has offered more than $500 million for the U.S. company, an executive close to the talks said.

HP Chair Steps Down from Top Spot

U.S. technology giant Hewlett-Packard said board Chairman Raymond Lane would resign as chairman, but continue as a board member.

Tyson Settles With US Over Clean Air Act Dispute

The U.S. Department of Justice says Tyson Foods Inc. has agreed to a settlement in chemical releases that caused injuries and a fatality at its facilities.

Crude Oil Sinks Below $93

Crude oil prices dropped under $93 per barrel Friday in New York as supplies reached their highest level since 1990.

Samsung to Open Shops in Best Buy Stores

Under the deal, Samsung gets retail space in North America to help it compete with Apple, and Best Buy dedicates more of its space to profitable smartphones, TVs and tablets.

Miami Dolphins Stadium Deal Is Close

Florida officials said they are nearing a deal with the Miami Dolphins to put up public funds for an upgrade to Sun Life Stadium.

Merger of Penguin, Random House Cleared

The European Union cleared the planned merger between Penguin Books and Random House, finding that the merged entity would still face strong market competition.

IntraLinks Acquires Miami Company PE-Nexus

PE-Nexus, a Miami company that provides an online deal-sourcing platform for the mergers and acquisitions industry, has been bought by publicly traded IntraLinks Holdings.

Jobs Data Slams Stocks

U.S. jobs data from March turned the mood on Wall Street Friday morning, sending stocks south as only 88,000 new jobs were gained in the month.

Boneless Chicken at KFC May Draw Picky Millennials

KFC is about to stake its future on a concept that might have caused Colonel Sanders to squawk: boneless chicken.

Ohio's Mortgage Problems Improve With Economy

Ohio's improved economic conditions and tighter underwriting standards are leading to fewer problem loans, another signal of the state's housing market recovery, Federal Reserve researchers said.

Quintiles IPO to Net Founder, Investors $25 Million

Quintiles, a Durham, N.C.-based multinational company that manages clinical trials and provides other contract services for pharmaceutical companies, is expected to shell out a one-time fee to its founder and other executives.

New York Fast-food Workers Going on Strike

New York fast-food workers said they would honor the memory of Dr. Martin Luther King Jr. by going out on strike Thursday for higher wages.

South Florida Market Not as Hot for Investors

Despite a flock of investors buying up South Florida homes for rental property profit, the market ranked lower than eight other Florida regions for the best place to purchase single-family rentals.