Business

Home Depot Hires Firms to Probe Data Breach

Home Depot says it's offering free identity protection services, including credit monitoring, to those customers who might be potentially hurt by a possible data breach at the home improvement chain.


Tesla Picks Nevada for Battery Plant

Tesla Motors will build its coveted $5 billion lithium battery factory in northern Nevada and the Legislature will hold a special session next week to discuss the state's incentive package, according to reports.


Wet Seal Cuts Outlook

Wet Seal chairwoman Lynda Davey is resigning from her post, a day after the teen retailer disclosed the departure of its CEO. The company also lowered its second-quarter forecast.


Amazon CFO to Retire Next June

Amazon.com says its chief financial officer, Thomas Szkutak, will retire after 12 years on the job in June 2015.


CVS Snuffs Out Tobacco Sales Early

CVS pulled the last packs of cigarettes off its shelves at midnight Tuesday, a month ahead of schedule.


Fast-food Franchisees Feel the Heat

Union organizers are pushing to make McDonald's take responsibility for how workers are treated at its franchised restaurants, while a California bill would increase protections for franchisees.


Home Depot Reports 'Unusual Activity' With Its Credit Cards

Home Depot may be the latest retailer to suffer a major credit card data breach.


PG&E Fined $1.4 Billion for Gas Line Blast

The California Public Utilities Commission on Tuesday announced the figure reached by judges against Pacific Gas & Electric Co., saying it would be the largest safety-related penalty it had ever imposed.


Dollar General Raises Family Dollar Bid

Dollar General upped its bid for the rival Family Dollar chain to $80 a share and said it will more than double the number of stores it would shed to ease the antitrust concerns of its merger target.


New York Bank Accused of Refusing Loans to Blacks

A bank refused to offer mortgages to African-Americans living in Buffalo, New York's attorney general said in a lawsuit that is part of a wider investigation into redlining.


Thoma Bravo to Buy Compuware for $2.5 Billion

Private equity firm Thoma Bravo is spending about $2.5 billion to buy Compuware and take the software developer private.


Halliburton Settles Oil Spill Case

Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.


Fantasy Football Gambling Industry Facing Increased Legal Scrutiny

It is all fun and games for daily fantasy sports companies in Florida -- for now. Rapid growth has taken the industry from nonexistence a few years ago to mainstream discussion entering this football season. But rapid growth could also draw more attention from authorities.


Detroit Raced Toward this Week's Bankruptcy Trial

It took decades of mismanagement, malfeasance and meltdowns in its bread-and-butter manufacturing sector for Detroit to hit fiscal rock bottom. The path to exit bankruptcy could take less than a year and a half. After some delays, the confirmation trial for the largest municipal bankruptcy in U.S. history is scheduled to start Tuesday.


GE Capital and Petters-Related Fund in Legal Battle

A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters.


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