True Value declares bankruptcy, lines up sale to rival hardware chain
True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.
Watch CBS News
Alain Sherter is a senior managing editor with CBS News. Based in New York City, he leads a team of reporters and editors with CBS MoneyWatch, which covers issues including business, financial and economic news. Previously, he covered the technology, health care and other industries as a news reporter and editor for media companies including Thomson Financial, Dow Jones and The Deal.
True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.
TD Bank allowed money laundering networks to move more than $670 million through its accounts between 2019 and 2023, Justice Department said.
The strike, the first by East and Gulf Coast dockworkers since 1977, had shut down 14 ports since Tuesday.
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.
Regulators say the nation's largest pharmacy benefit managers are partly to blame for the soaring cost of insulin in the U.S.
DirecTV subscribers remain unable to access ABC News, ESPN and other Disney-owned content amid contract dispute.
Scammers are increasingly targeting U.S. consumers using Bitcoin teller machines, with some people losing thousands of dollars.
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
Stocks fell sharply after new economic data raised concerns the economy could be slowing faster than expected.
Tesla has faced multiple recalls this year affecting millions of its vehicles, with the latest caused by a faulty hood latch
Displaying not a shred of anxiety, Pixar's "Inside Out 2" has rung up $1.4 billion at the box office since its June release.
Regulators ordered JPMorgan Chase, Mastercard and other companies to explain how they used people's data to set personalized prices for the same product.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Forecasters expect job numbers on Friday to show slower hiring in June, clearing the way for the Fed to cut interest rates later this year.
Chicken Soup for the Soul, which once surged on the strength of nurturing content, tumbled deeper into debt after buying DVD provider Redbox.