Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their research on the institutional roots of national wealth and poverty. They will split the prize money of 11 million Swedish krona or about $1.058 million.
A new technique for harvesting geothermal energy being pioneered in Utah has passed a significant milestone: Southern California Edison has contracted for enough of the energy to power 400,000 homes.
A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation’s prosperity.
The ubiquitous convenience store owed its recent revenue drops to inflation, declining cigarette sales and a shift in palates toward fresh food and specialty drinks.
Two senators, who have pushed online child safety legislation in Congress, demanded that TikTok executives share all materials the company has about the dangers kids may encounter on the wildly popular service.
In communications newly revealed, TikTok executives discuss being aware of the harms caused by their app. TikTok officials were warned of the app’s dangers to minors.
With each launch, SpaceX has been discharging tens of thousands of gallons of industrial wastewater into sensitive wetlands. Environmentalists say an increase in launches will only make things worse.
Boeing has been losing money for over five years and is now dealing with a strike that has shut down factories in the Seattle area. The staff cuts will include executives and managers, the CEO said.
The international company that owns the American brands is struggling with a glut of unsold cars and smaller profits. The layoffs could have ripple effects through its U.S. workforce of 52,000.
The deaths of five infants ages 1-3 months old occurred from 2012 to 2022. It's not the first time the New York-based company has had to remove products from the market following infant fatalities.
Ukrainian officials on Thursday confirmed the death of freelance journalist Victoria Roshchyna, though the circumstances surrounding her death were unclear.
The public library in Toledo, Ohio, is one of a number across the U.S. that have become entrepreneurial hubs. Business-specialist librarians are helping aspiring small-business owners and nonprofits for free.
Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick Garland said.
On Thursday night, Tesla is holding a splashy event it’s calling “We, Robot.” CEO Elon Musk says fully autonomous vehicles are key to Tesla’s future, and for years he has promised they are coming.
