Economy

Spectrum Cable

Viacom Warns of Disruption as Negotiations With Charter Stall

Viacom Inc said on Wednesday that Charter Communications subscribers may lose access to its channels such as MTV, Comedy Central and Nickelodeonon as the expiration looms for a distribution deal between the companies. Viacom said…

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GM

General Motors says Venezuela illegally seizes auto plant

General Motors (GM.N) said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights. The seizure comes amid…

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Store Closures

Retailers Closing the Most Stores

This March, for the second time in just over two years, RadioShack filed for Chapter 11 bankruptcy protection. The company has already made plans to close more than 500 stores nationwide. It has yet to announce…

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Here’s a full list of the 552 RadioShack stores that are closing

A court filing listed the locations that are set to close. These stores have the “lowest sales velocity and highest rent,” according to the court filing. The company said it will “continue to evaluate” the…

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Staples

Staples to Close 70 Stores in North America

Staples Inc. suffered its worst stock decline in almost seven months after the company posted disappointing results and announced plans to shutter 70 stores in North America. Same-store sales in the region declined 7 percent…

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Finland starts paying 2,000 unemployed people a basic income

Finland has become the first European country to pay its unemployed citizens a basic income as part of a two-year trial that leaders hope will improve quality of life. As of this month, 2,000 randomly picked citizens…

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Apple owes $14.5 billion in back taxes, European authorities say

European authorities ruled on Tuesday Apple struck a sweetheart deal with Ireland that allowed the tech giant to underpay its taxes by more than $14.5 billion over more than a 10-year period. Apple runs its…

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Hackers steal bitcoins worth millions in attack on exchange

Hackers have stolen bitcoins worth about $65 million after attacking a major digital currency exchange. The exchange, Bitfinex, responded by halting trading, deposits and withdrawals, prompting a plunge in the Bitcoin price. “We are investigating…

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SolarCity slashes Buffalo factory commitment

SolarCity has sharply reduced its job creation commitment for the solar panel manufacturing plant under construction in Buffalo from 1,460 to 500 jobs, according to state records and filings the company has submitted to the…

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Wendy’s response to minimum wage hike: Replace staff with machines

Just when you think the fight for a $15 minimum wage is making progress, an international corporation hawking “old-fashioned hamburgers” comes along and throws a wrench in the master plan with the aid of a…

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