Business

A J.C. Penney store in Laguna Hills, California Scott Mlyn | CNBC U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of

New York Gov. Andrew Cuomo speaks during the daily media briefing at the Office of the Governor of the State of New York on June 12, 2020 in New York City. Jeenah Moon | Getty Images New York City restaurants will be allowed to reopen their indoor dining areas at 25% capacity beginning Sept. 30,

An engineer shows an experimental vaccine for the COVID-19 coronavirus that was tested at the Quality Control Laboratory at the Sinovac Biotech facilities in Beijing. Nicolas Asfouri | AFP | Getty Images LONDON  — The U.K.’s health minister on Wednesday rushed to defend AstraZeneca’s decision to pause a closely-watched coronavirus vaccine trial due to safety

Americans love their cars, but many hate the process of buying them. The trip to the dealership can often be one that fills car buyers with dread, as they imagine the sometimes hours-long process of negotiating a purchase with professional salespeople.  Of course, with sales at or near record levels in recent years, any angst

Starbucks shift supervisor Adan Miranda wears a face mask as he serves a drink to a customer while standing behind a plexiglass shield in a booth outside the store in Sacramento, Calif., Thursday, May 21, 2020. Rich Pedroncelli | AP The coronavirus pandemic is spurring on a growing number of restaurant chains to build restaurants

Getty Images Grocery chain Giant Eagle turned one of its stores into a checkout-less shopping experience. A handful of Price Chopper stores in Missouri are offering shoppers access to an app that can scan items and tally up their order, allowing them to skip the checkout line. Wegmans piloted a self-checkout app at three stores prior

A group of drugmakers competing to bring a coronavirus vaccine to market plan to issue a public statement as soon as next week that says they will not seek government approval until enough data has been collected to ensure the drugs are safe and effective, CNBC confirmed Saturday. An early draft of the joint statement

The coronavirus pandemic has upended the retail industry and pushed dozens of companies into bankruptcy.  But there are still pockets of growth, with a number of retailers looking to open additional stores.  Altogether, as of Friday, retailers have announced 7,707 store closures and 3,344 store openings so far this year, according to a tracking by

Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Virgin Galactic plans to conducts its next crewed spaceflight test on Oct. 22, according to documents the company filed with the Federal Communications Commission on Tuesday. The flight will be the first of two that the space tourism company has planned to complete

John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,

Greg Berndt takes a selfie as the thermometer reads 131 degrees Fahrenheit (55 Celsius) at the Furnace Creek Visitors Center in Death Valley, California, U.S. August 17, 2020. David Becker | Reuters A dangerous heat wave is expected to hit California over the weekend and trigger one of the hottest days in state history. Temperatures

This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New York City was a wake-up call for the embattled hospitality industry, especially in urban markets suffering from a coronavirus-driven tourism drought. The move follows a decision earlier this week by Ashford Hospitality to hand over the

DETROIT – Jeep aims to punch above its weight with the arrival next year of the Grand Wagoneer, a vehicle will top $100,000 fully loaded and bring the brand into the highly profitable large SUV segment. But defying skeptics as an underdog is something its parent company, Fiat Chrysler, has taken pride in doing as the smallest

Roberto Arias prepares a grave for burial at Woodlawn Cemetery during the coronavirus disease (COVID-19) outbreak in Everett, Massachusetts, U.S., May 27, 2020. Brian Snyder | Reutes The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute

Liu Yifei stars in Disney’s “Mulan.” Disney There’s a reason that blockbuster tentpoles are meant to be seen in theaters. Unfortunately, for audiences in the U.S., the ongoing coronavirus pandemic forced Disney to postpone its theatrical release of “Mulan” and, ultimately, give it a home on Disney+. The film, which seeks to merge the 6th

With Labor Day weekend approaching, top U.S. health officials are pleading with the American public to maintain public safety precautions, such as mask-wearing and social distancing. The U.S. is headed into the fall with a troubling level of spread if the country can’t bring the daily numbers down through September, White House coronavirus advisor Dr.

Most Americans likely won’t get immunized with a coronavirus vaccine until the middle of next year, U.S. officials and public health experts say, even as the federal government asks states to prepare to distribute a vaccine as soon as November. U.S. health officials expect to know whether at least one of the three potential vaccines

Robert Pattinson dons the cowl in Matt Reeves’ “The Batman.” Warner Bros. Robert Pattinson, the latest actor to don the Batman cowl, has tested positive for Covid-19, according to multiple media reports. Warner Bros. confirmed earlier Thursday that production on Matt Reeves’ “The Batman” had been halted in the U.K. after a crew member tested

Dado Ruvic | Reuters Johnson & Johnson‘s potential coronavirus vaccine prevented severe illness in a small group of Syrian golden hamsters, the company announced Thursday. J&J researchers vaccinated hamsters with a single dose and then exposed the rodents to the virus four week later, the company said. J&J said the vaccine elicited neutralizing antibodies, which

A shot of Industrial Light and Magic’s StageCraft, an LED stage production technology created for “The Mandalorian.” Disney The ongoing coronavirus pandemic has crippled film production in the U.S., causing shooting delays and hindering widespread travel. A technology developed for the Disney+ series “The Mandalorian” could be the solution. Due to Covid-19, productions have scrambled