Latest Business

George Zimmer in Men's Wearhouse commerical on YouTube.

A bid of $1.8 billion suits Jos A Bank just fine

NEW YORK (AP) — The jacket finally fits: Men’s Wearhouse is buying rival Jos. A. Bank for $1.8 billion. The agreement ends a months-long back and forth. The combined company will have more than 1,700 U.S. […]



Money 101: Taxing Questions

What’s the difference between a living trust and a will? Bob talks with Tax Attorney Jeff Verdon .


Dorian S. Nakamoto, who Newsweek claims is the founder of Bitcoin, listens during an interview with the Associated Press, Thursday, March 6, 2014 in Los Angeles. (AP Photo/Damian Dovarganes)

Controversy marks Newsweek’s comeback

NEW YORK (AP) — A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead on a story it knew would get attention. A cover story claiming it had uncovered […]


Dorian S. Nakamoto smiles during an interview with the Associated Press, Thursday, March 6, 2014 in Los Angeles. (AP Photo/Nick Ut)

Man said to create bitcoin denies it

LOS ANGELES (AP) — Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world’s most popular digital currency came to be. […]


Penny and Phil Sound Bite

February job report numbers

The Department of Labor released it’s unemployment report for February, and the numbers are better than expecting, considering how much bad weather there was last month.’s Mark Hamrick spoke with Penny and Phil about […]


In this Wednesday, Jan. 22, 2014, photo, recruiter Valera Kulow, left, speaks with job seeker Monic Spencer during a career fair in Dallas. (AP Photo/LM Otero, File)

5 clues to the health of US job market

WASHINGTON (AP) — The U.S. economy has been skating on an icy patch in advance of the February jobs report being released Friday. Hiring skidded in December and January to roughly half its average monthly […]


FILE - In this photo made, June 21, 2010 file photo, Red Bull and other drinks are on display at a Safeway in San Ramon, Calif. (AP Photo/Paul Sakuma, File)

Albertsons parent Cerberus to buy Safeway

Safeway has agreed to be acquired by an investment group led by Cerberus Capital Management, the owner several supermarket chains. The acquisition is worth about $7.64 billion in cash, and pending other transactions could top […]


A Staples office supply store. (AP Photo/ Lynne Sladky)

Staples to close 225 stores as sales move online

Staples will shut down more than 10 percent of its stores in North American by the end of next year, the second major chain to announce the mass closing of stores this week and the […]


This April 3, 2013 file photo shows bitcoin tokens. (AP Photo/Rick Bowmer, File)

CEO of bitcoin exchange found dead in Singapore

SINGAPORE (AP) — The American CEO of a virtual currency exchange was found dead near her home in Singapore. A police spokesman said Thursday that initial investigations indicated there was no suspicion of “foul play” […]


A silhouetted coaxial cable with the Comcast Corp. logo in the background. (AP Photo/Matt Rourke, file)

US companies spend heavily on big mergers in 2014

NEW YORK (AP) — So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the […]


This undated image released by Titan Aerospace shows the company's Solara 50 aircraft. (AP Photo/Titan Aerospace)

Reports circulate that Facebook may buy solar drone company

NEW YORK (AP) — Facebook is in talks to buy Titan Aerospace to step up its efforts to provide Internet access to remote parts of the world, according to reports in the technology blog Techcrunch […]