Lender Processing Services plays a key role in the mortgage foreclosure process as a go-between for banks and lawyers handling foreclosures. But two class actions challenge how LPS and a similar firm do business. At stake: Pote…
Drug and medical-device maker Abbott Laboratories announced Friday that it will voluntarily withdraw its controversial obesity drug Meridia, (sibutramine) from the U.S. market at the request of the FDA, due to concerns it incr…
Shares of J.C. Penney surged as much as 16% after activist investor Bill Ackman’s Pershing Square Capital Management disclosed that it had purchased a 16.5% stake in the struggling retailer.
Continue reading J….
The Gap earned nearly universal scorn this week when it unveiled its new logo. But the clothing retailer’s response — a crowd-sourcing request aimed at getting the public to design a better logo for free — is only fueling the…
Some merchants adjusted quickly to the “new normal” of penny-pinching shoppers, but others are still struggling with shrinking consumer budgets or headwinds they were fighting before the bottom fell out. Here’s a look at the tw…