Avon escapes board makeover, cuts deal with hedge fund

Wilting beauty products company Avon Products said an investor group led by Barington Capital has agreed to withdraw its bid to elect two opposing candidates to the company’s board in

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Why more and more in U.S. are returning to work

Hundreds of thousands of Americans are streaming back into an improving labor market as employers raise wages and hire less skilled job candidates to cope with an intensifying worker shortage. The portion of the U.S. population working or looking for

Battle over big energy infrastructure heats up

Building electric power lines across long distances and state boundaries can be a daunting task for developers, as the best-laid plans can go awry over local opposition. That was the case for an independent transmission company called Clean Line Energy

Stocks close slightly higher; Dow, S&P up 0.1%

Wall Street kicked off the new week with very modest gains as investors brace for a slew of economic reports, including a key jobs report Friday, that could shed fresh light on the health of the economy and provide clues

Yellen: Fed to move ‘cautiously’ on rate hikes

Federal Reserve Chair Janet Yellen said Tuesday the central bank will move cautiously as it weighs interest rate hikes in light of a weak global economy and stubbornly low inflation, raising questions about whether policymakers will make a move this

SunEdison shares tumble 55% on bankruptcy filing fears

Shares of renewable power firm SunEdison plummeted 55% Tuesday as it teetered on the edge of bankruptcy amid slumping oil prices and swirling questions over the company’s accounting practices. SunEdison faces a “substantial risk” of bankruptcy, according to the U.S.

Yellen’s speech in New York pulls stocks out of early dive

The Dow Jones industrial average and Standard & Poor’s 500 index both closed at 2016 highs Tuesday after Federal Reserve Chair Janet Yellen pulled stocks out of an early slump when she said the central bank will move cautiously on

Consumer spending posts scant Feb. increase, personal income growth slows

U.S. consumer spending posted a tiny gain for the third straight month in February while income growth slowed sharply. Consumer spending edged up 0.1% in February, matching similar lackluster gains in January and December, the Commerce Department reported Monday. Personal

FBI hacks into terrorist’s iPhone without Apple

Although the government officially withdrew from its battle against Apple Monday, many observers sense the tech privacy war is just getting started. “This lawsuit may be over, but the Constitutional and privacy questions it raised are not,” Congressman Darrell Issa

Workers, firms differ on $15 minimum wage

A plan to increase California’s minimum wage to $15 an hour by 2022 has opened the biggest fault lines yet between advocates of higher pay and critics who say it kills jobs and raises prices for consumers. Proponents say the Golden

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