U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn.…
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Feds decline to recall vulnerable Hyundai and Kia vehicles despite nationwide theft spree
Amid a nationwide wave of social media-linked thefts targeting Hyundais and Kias, which state officials say have caused at least eight deaths, federal regulators have declined to issue a recall…
Costco is taking a page from Netflix’s book. The retailer is cracking down on people sneaking into its clubs and trying to shop with other people’s membership cards, it said Tuesday. Costco…
Overstock.com will relaunch Bed Bath & Beyond after buying its IP assets for $21.5 million
Overstock.com will relaunch Bed Bath & Beyond after buying the troubled home goods retailer’s intellectual property in a bankruptcy proceeding for $21.5 million. In a press release Wednesday afternoon, Overstock…
Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage application volume rose 3% compared with…
Buy Buy Baby goes up for auction after Bed Bath & Beyond assets get sold off
Buyers will look to bid on the Buy Buy Baby brand Wednesday amid the bankruptcy of its parent company, Bed Bath & Beyond. Buy Buy Baby is seen by many…
Costco is taking a page from Netflix’s book. The retailer is cracking down on people sneaking into its clubs and trying to shop with other people’s membership cards, it said Tuesday. Costco…
Buy Buy Baby suitors lose interest in keeping stores open as auction nears
Buy Buy Baby, the baby goods retailer owned by Bed Bath & Beyond, has been attracting interest ahead of its bankruptcy-run auction. But suitors are cooling on keeping its stores open.…
When federal pandemic aid that had boosted food-stamp benefits expired this year, analysts and advocates warned that gains in combating poverty and food insecurity would quickly erode. A recent report…
The Federal Trade Commission on Wednesday sued Amazon, alleging the nation’s dominant online retailer intentionally duped millions of consumers into signing up for its mainstay Prime program and “sabotaged” their attempts…