Company News

Trading was halted Monday in Lumber Liquidators after its shares dropped more than 20 percent following a CBS report that the company sold flooring with higher levels of formaldehyde than permitted under California’s health and safety standards. The trading was halted for pending news. The stock had fallen 24.8 percent before the market opened Monday. …

Wal-Mart will give a half-million employees pay raises, the discount retail giant said Thursday as it announced a mixed quarterly earnings report. Hourly workers will earn at least $1.75 above the current federal minimum wage, or $9 per hour, in April. By next February, it will rise to at least $10 per hour. Some jurisdictions …

Morgan Brennan explains how RadioShack’s pain could be another company’s gain.

Copart has proven itself the most exceptional public company in the United States, according to a new ranking released on Tuesday. Dow stalwarts and giants like Apple all fell short of the vehicle auction and re-marketing company on Deloitte’s annual “Exceptional 100” list. The study rated public United States-based companies in terms of consistent profitability, …

In the next few months, Coca-Cola plans to layoff about 1,600 to 1,800 employees globally, according to Dow Jones. The move is a part of the beverage giant’s effort to cut $3 billion in costs, which was announced in October. Shares for Coca-Cola rose nearly 1 percent in morning trading after the report. The world’ …

Online sales of Apple products were halted on Tuesday over the volatile ruble. “Due to extreme fluctuations in the value of the ruble, our online store in Russia is currently unavailable while we review pricing. We apologize to customers for any inconvenience,” the tech giant said in a statement. It’s unclear of how long it …

The Pennsylvania Supreme Court largely upheld a judgment in a class action suit against Wal-Mart Stores on Monday, according to a Securities and Exchange Commission filing from the retail giant. The plaintiffs said Wal-Mart prevented class members from taking full meals and rest breaks and failed to pay class members for hours they worked. Wal-Mart …

RadioShack on Tuesday rejected lender Salus Capital’s claim that it breached covenants on a $250 million term loan. The electronic retailer said it plans to “vigorously contest” the allegations, calling them “wrong and self-serving.” “We will do everything we can to assure that these claims do not distract us from our ongoing efforts to rationalize …

Hewlett-Packard is finally getting into 3-D printing. The company revealed a 3-D printer on Wednesday that it promises will be 10 times faster than any others on the market, as well as produce higher quality items. “It’s not just a 3-D printer, it’s a tool to trigger the next Industrial Revolution,” said Dion Weisler, HP’s …

After spending much of this year explaining why its two businesses are best left together, eBay’s board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year. And CEO John Donahoe will step down …

Ex-Microsoft CEO Steve Ballmer announced in a letter on Tuesday that he has stepped down from the company’s board. “I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” Ballmer said a letter to current CEO Satya Nadella. “I have confidence in our approach of mobile-first, cloud-first, and in …

It’s a question retailers everywhere are grappling with—how do they get shoppers to turn off their computers and step back into the store? Lowe’s thinks it may have found the answer: Give them something they can’t get online. The second-largest home improvement store announced on Wednesday that it will transform the in-store experience by building a …

Uber, a car-sharing service with a possible multi-billion dollar valuation caused uproar across Europe today. What legal challenges does this disruptive start-up face?

In Detroit today, two very different agendas at the General Motors annual meeting. Inside the meeting room at GM’s headquarters, shareholders were asked to vote about approving new directors and incentive plans for top executives. Outside, protesters were demanding GM executives be held accountable for defective ignition switches linked to 13 deaths and the recall …

A gun reform group on Wednesday called on discount retail chain Target to ban the open carrying of firearms in its stores. The petition from Moms Demand Action for Gun Sense in America follows demonstrations by a pro-gun group bringing long guns into Target stores. Following the petition, Target spokeswoman Molly Snyder wrote in an email, “The …