General Electric Co.'s Jeff Immelt will step down as chief executive this summer, an earlier-than-expected departure that will leave Boston's biggest company under new leadership just a year after it relocated from Connecticut.
See Original Article

Aldi has announced that it is to spend $3.4 billion in expanding its chain of stores in the United States, the effect of which is going to be to make Americans very much richer.
See Original Article

Fitch says Sears, Claire's Stores, Nine West Holdings, 99 Cent Stores, J. Crew and True Religion Apparel are among those retailers that have a significant risk of default over the next 12 months.
See Original Article

Let's start with the good news: According to experts, the national economy is picking up steam. Unemployment is down, and consumers are back in the borrowing game, according to a May 2017 report from the Federal Reserve Bank of New York.
See Original Article

Wall Street endured another bruising day on Monday, June 12, as a tech selloff that dragged the Nasdaq from its record highs on Friday, June 9, resumed.
See Original Article