Eric Ginnard Rapid City Journal | AP
The town of Swett, South Dakota, is once again for sale, and this time at a reduced price of $250,000. Swett is home to about 6 acres of land, an empty house reputed to be haunted and a closed bar

A small South Dakota town is up for sale, and going for a cheap price, reports the Rapid City Journal. The “ghost town” of Swett was originally listed for $399,000 about 16 months ago. It’s currently listed at $250,000, according to real estate agent Stacie Montgomery. Montgomery told the Journal that she has heard from …

Digital Vision | Getty Images

Shipping costs aren’t the only thing weighing retailers’ digital profits this holiday season. As operations become more complex for companies doing business both online and in store, out-of-stocks, overstocks and returns are costing retailers $1.75 trillion a year — a number that’s only moving higher. What’s more, as retailers struggle to get a read on …

Ted Aljibe | AFP | Getty Images
A Sikorsky UH-60 Black Hawk helicopter during a military exercise.

The big U.S. defense companies have used piles of cash to increase share buybacks and dividends. Now they’re going to move ahead on mergers and acquisitions, say analysts who follow the industry. “This is the early stage of defense M&A activity,” said Tess Oxenstierna, managing director of Headwaters MB, an investment banking and advisory firm … | Getty Images

If you are among the estimated 2.8 million recent college graduates who find themselves thrust into the world of adulthood, you’ve probably discovered that grown-up stuff, such as budgeting and paying bills on time, is the worst. Many longtime adults agree with you (really, we do). But your elders who focused on personal finance when …

Geri Lavrov | Getty Images

To convert or not to convert … That is the question. As 2015 winds down and people take stock of their finances, a question many are facing is whether to convert their traditional IRA to a Roth IRA. Unfortunately, the answer is not as simple as one might hope. The tax rules that govern IRAs …

Mark Bowden | Getty Images

It’s been 365 days since retailers last had their sites flooded by bargain-crazed Cyber Monday shoppers. But sometimes, all the stress tests in the world aren’t enough to prevent their pages from slowing down or crashing, particularly during peak promotional times that can send their traffic skyrocketing. Just take a look at Neiman Marcus, whose …


Bye, bye, bye, ‘N Sync. Adele’s latest album has definitively shattered the boy band’s old sales record by moving more than 3 million copies in its first week, according to Billboard The record statistics gatekeeper reports that the British singer’s new album, “25”, sold 3.38 million copies in the U.S., according to Nielsen Music. The …

Big spending at small businesses

Why small businesses are betting on a $14 billion Saturday.

Market Monitor: Brian Peery

Our Market Monitor has three stocks he says investors should add to their holiday shopping lists.

Black Friday auto sales

Phil LeBeau explains why this weekend could pave the way for record-breaking November auto sales.


Tonight: Online retail sales surge as more shoppers sit at computers than stand on lines.

Nightly Business Report – November 27, 2015

Tonight on Nightly Business Report, online retail sales surge as more shoppers sit at computers than stand on lines. Plus, our Market Monitor has three stocks he says investors should add to their holiday shopping lists.

Source: Kate Rogers
Peter Glassman, owner and founder of New York City-based Books of Wonder, is celebrating 35 years in business.

While big box retail stores have their Black Friday and Cyber Monday, mom and pop stores are gearing up for their retail day sandwiched between those two key dates — Small Business Saturday. The Main Street-focused shopping day for the Saturday after Thanksgiving was created by American Express in 2010. Sales this year could exceed …

Peter Dazeley | Photographer's Choice | Getty Images

As they say, good deeds are their own reward. Even so, there’s nothing wrong with taking a tax deduction for a charitable donation. Not surprisingly, the end of the year — a time when people like to wrap up loose ends — is an especially popular time for giving. December takes the top spot for …

Tom Pennington | Getty Images
Eager Retailers Greet Crowds Of Shoppers On 'Black Friday'

Shoppers turned out in droves to capitalize on retailers’ doorbuster deals on Thanksgiving evening and into Black Friday, but will it be enough? After a sluggish start to the holiday shopping season, millions of Americans finished their turkey dinners and headed out to malls and shopping centers around the U.S., with lines forming outside Best …