Retail sales this year are likely to be lower than expected, the retail industry's main trade group said Wednesday, as chains struggle to lure consumers back to their stores after a harsh, long winter.
The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.
After last week's crash of Flight 17, Malaysia Airlines turned to Twitter to keep the world informed about the disaster, while other airlines have tweeted about canceled flights to Tel Aviv after a rocket strike in a suburb near the airport..
Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy.
The interim chief executive of the L.A. Clippers said that embattled owner Donald Sterling's reputation has become so unfavorable that the team could lose its head coach, season ticket holders and corporate sponsors.
The Obama administration will unveil on Wednesday new rules proposing stricter safety standards on trains carrying flammable fuels, according to a Capitol Hill source familiar with the pending regulation.