Reeling from a shaky holiday season and slowing mall traffic, U.S. retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of U.S. retail space, or nearly 1 billion ...Read More »
WASHINGTON — Americans bought more electronics, started home improvement projects and updated their wardrobes last month, inspired by warmer weather and a healthier job market. U.S. retail sales rose 0.8 percent in March, the Commerce Department said Monday. The increase ...Read More »
The Office of General Services is launching “NYSStore,” a new eBay-based online platform to sell unneeded state vehicles and other excess state assets. NYSStore will offer a spectrum of surplus state goods including office supplies, computers, cell phones, furniture, medical ...
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Specialty glass maker Corning Inc. said Wednesday its profit rose 3 percent in the third quarter, lifted by surging sales of glass for flat-panel televisions and optical fiber. The results handily beat Wall Street expectations. Its shares rose almost 5 percent in premarket trading.Read More »
WASHINGTON — The economic recovery is spreading to most parts of the U.S. Merchants are seeing better sales and factories are boosting production, but many companies are still wary of ramping up hiring, the Federal Reserve reported Wednesday.Read More »