Business News [UP]

Led by health and personal care, total retail sales in the U.S. economy increased in May, suggesting consumers remain defiant against inflationary pressures, data released Thursday show....Read More

The European Central Bank on Thursday voted to hike interest rates by 25 basis points as it continues its fight against inflation....Read More

Sonos, the wireless speaker company, said on Wednesday that it would lay off 130 employees....Read More

Honda announced Wednesday that it is commercializing its HondaJet 2600 Concept aircraft....Read More

Honda announced Wednesday that it is commercializing its HondaJet 2600 Concept aircraft....Read More

Shifts in renewable and alternative forms of energy suggest global crude oil demand will peak by the end of the decade, the Paris-based International Energy Agency said Wednesday....Read More

Bed Bath & Beyond has received a bid from Overstock.com as a “stalking horse” bidder to purchase the branding and some aspects of the business, according to a bankruptcy filing Tuesday....Read More

Energy prices helped drag consumer-level inflation lower over the 12-month period to May, though so-called core inflation remains well above the Federal Reserve’s 2% target rate, the Labor Department reported Tuesday....Read More

The U.S. Federal Trade Commission is suing to prevent Microsoft from acquiring video game developer Activision Blizzard in a nearly $70 billion deal that the regulator says will reduce competition....Read More

The CEO of GrubHub announced Monday that the company is laying off about 15% of its corporate workforce in an attempt to curb rising operating and staff costs....Read More