Takata Pleads Guilty In Air Bag Scandal, Agrees To Pay $1BJapanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.
GM To Add Or Keep 7,000 Jobs, Make $1B Factory InvestmentGeneral Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday.
The Limited To Close All Brick-And-Mortar ShopsMore grim news for malls came Friday as apparel retailer The Limited said it will close all its brick-and-mortar stores at the end of this weekend.
Gas Prices May Rise As OPEC Slashes ProductionFor the first time in 8 years, OPEC decided to cut oil production by more than a million barrels a day.
US Auto Safety Agency Wants You To Complain MoreThe National Highway Traffic Safety Administration is proposing a rule requiring automakers put labels on sun visors of all new vehicles with instructions on how to file safety complaints.
Thanksgiving Weekend Shoppers Spent Less Due To DiscountsThanksgiving weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they've come to demand.
Amazon's Baltimore Warehouse Prepping For Cyber MondayAmazon, the largest internet-based retailer in the world is getting ready for Cyber Monday.
Dialing Up Deals: Black Friday Online Sales Hit New HighHoliday shoppers eager to snag big discounts turned to the internet in record fashion this week, one tracking company said, driving online sales on Black Friday to a new high.
Black Friday Shoppers Take Advantage Of Deals On ThanksgivingMany stores opened doors Thanksgiving afternoon to accommodate holiday shoppers.
Retailers Expect Big Turnout This Holiday SeasonRetail sales are looking promising this holiday season. Experts are forecasting bigger turnout and spending compared to last year.
McDonald's Says Table Service Coming To U.S. StoresMcDonald's says it plans to offer table service across its U.S. stores to make the ordering process less stressful...
Snowflakes, Santa, Reindeer Back On Starbucks Holiday CupsSnowflakes, Santa Claus and reindeer are returning to Starbucks' holiday cups this year, after last year's more subdued red cups caused an uproar from critics who said the chain was part of a so-called war on Christmas.