Walmart is closing four stores in Chicago, cutting its footprint in half in the third-largest U.S. city after years of mounting losses. The closings mark a retreat for the nation's largest retailer, which faces tough competition in Chicago from the likes of Target, Albertsons, and Aldi. Walmart said it had tried and failed to improve its performance by building smaller stores, localizing its merchandise offerings, and investing $70 million in recent years on store upgrades.
Diageo agreed to buy Philippines-based Don Papa Rum for $473 million.
Netflix is rolling out a deeper lineup of new and returning titles of Korean content.
DoorDash and Starbucks expanded their partnership to allow consumers to order through its app.
European Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” at the World Economic Forum at Davos.
Although Tesla may be offering discounts, GM President Mark Reuss said the company is holding firm on its EV pricing after announcing the 2024 Corvette E-Ray on Tuesday, the 70th anniversary of the first Corvette.
Microsoft said it's expanding access to OpenAI following reports of talks for a major investment by the tech giant in the startup parent company of ChatGPT.
Peloton named former Twitter executive Leslie Berland as its head of marketing.
Dan Geltrude, managing partner at Geltrude & Co., joined Cheddar News to explain how to get a jump on preparing your finances for extreme weather. "The single most important thing is to make sure you have the proper insurance coverage," he said.
Walt Disney Co. fought back and blasted investor Nelson Peltz's quest for a seat on Disney's board.
The International Monetary Fund says there are signs of resilience for an economic turnaround next year.
