NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics. In early June, Target warned that it was canceling orders from suppliers and ...

NEW YORK — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second quarter, ...

WASHINGTON — The co-founders of baby formula startup ByHeart began working on their product long before the current shortage that’s rattled many American parents. It took Ron Belldegrun and his sister Mia Funt six years to research, test and win regulatory approval for their company’s ...

Workers at the New Flyer bus manufacturing facility in Jamestown have formed a union with IUE-CWA, the manufacturing division of the Communications Workers of America (CWA). The Federal Mediation and Conciliation Service verified that a majority of the workers signed union representation ...

NEW YORK — In 2020, Kelly Jackson and Davina Arceneaux wanted to leave their company jobs and become business owners. They were looking for something both COVID-proof and recession-resistant. Instead of completely stepping out from under a corporate umbrella, they looked at franchising. ...

WASHINGTON (AP) — Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices didn’t budge at all from June after 25 straight months of increases. With gas prices continuing to fall, inflation is probably slowing ...