Business News

FILE- In this May 16, 2018, file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. Penney Co. reports earnings Thursday, Aug. 16. (AP Photo/Mary Altaffer, File)
August 16, 2018 - 9:17 am
NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday,...
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August 16, 2018 - 9:13 am
As the cost of jet fuel continues to rise, the race to design electric powered planes for the commercial market is taking off. More than a dozen companies are designing the 'eco-friendly' aircraft, but Zunum Aero in Illinois says they aim to be the first. Watch the latest video at video.foxnews.com
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This undated image provided by The Kroger Co. shows an autonomous vehicle called the R1. Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The grocery chain said the project will begin Thursday, Aug. 16, 2018, in Scottsdale, at a Fry's supermarket, which is owned by Kroger. The Toyota Prius will be used for the deliveries, manned by a human to monitor its performance. During phase two in the fall deliveries will be made by the R1 with no human aboard. (The Kroger Co. via AP)
August 16, 2018 - 9:12 am
SCOTTSDALE, Ariz. (AP) — Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The biggest U.S. grocery chain said the project will begin Thursday in Scottsdale at a Fry's supermarket, which is owned by Kroger. Same-day or next-day delivery orders can be made online...
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FILE- In this Nov. 9, 2017, file photo, a man pushes a cart while shopping at a Walmart store in North Bergen, N.J. Walmart Inc. reports earnings on Thursday, Aug. 16, 2018. (AP Photo/Julio Cortez, File)
August 16, 2018 - 7:18 am
NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street's expectations for its fiscal second quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares surged 10 percent before the opening bell Thursday. The report is...
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August 15, 2018 - 7:34 am
WASHINGTON (AP) — U.S. productivity grew at an annual rate of 2.9 percent in the second quarter, the fastest pace in more than three years, while labor costs actually fell. The Labor Department said Wednesday that the April-June increase in productivity followed a much weaker 0.3 percent rate of...
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August 14, 2018 - 4:49 pm
A Wichita pharmacist was indicted today on charges of unlawfully dispensing prescription opioids, U.S. Attorney Stephen McAllister said. 45-year-old Ebube Otuonye of Bel Aire, Kan., pharmacist and owner of Neighborhood Pharmacy at 2251 E. 21st North in Wichita, Kan., is charged with one count of...
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August 14, 2018 - 4:40 pm
NEW YORK (AP) — Kroger will start to sell some of its products to Chinese shoppers through a website owned by internet giant Alibaba, the latest move by the supermarket chain to boost its digital business. Cincinnati-based Kroger is working to catch up with Walmart and with Amazon.com, which bought...
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August 14, 2018 - 2:51 pm
A rodeo bull broke free from the Oklahoma City Stockyards late Monday, charging through city streets and chasing people, including one person who jumped into a river to escape the animal. Oklahoma City police spokeswoman Megan Morgan says the animal managed to escape a pen at the stockyards then...
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