Gap, JCPenney, Victoria's Secret, Foot Locker: 465 store closures in 48 hours

The 'retail apocalypse' is alive and well this week with major chains such as Gap, JCPenney, Victoria's Secret and Foot Locker all announcing massive closures, totalling the death of more than 465 stores over the last 48 hours.

Walmart is getting rid of greeters; workers with disabilities worried

As Walmart moves to phase out its familiar blue-vested "greeters" at some 1,000 stores nationwide, disabled workers who fill many of those jobs say they're being ill-treated by a chain that styles itself as community-minded and inclusive.

Man plans to swap out a nursing home for the Holiday Inn

In a Facebook post that's been shared over 90,000 times, Terry Robison elaborates on his retirement plan. He won't be spending his golden years in the neighborhood nursing home. Instead, he'll be shacking up at the Holiday Inn.

Best retirement cities if you don't have $1M saved

Nearly half of Americans (48 percent) don’t think their retirement savings will ever reach $1 million, according to a study by Fidelity, even though more than 30 percent of Americans expect to need more than $1 million to live on after they stop working.

Congress mulls cap on how much Medicare enrollees pay for drugs

With health care a top issue for American voters, Congress may actually be moving toward doing something this year to address the high cost of prescription drugs.

Illinois medical cannabis growers lobby on license issue

Medical marijuana growers in Illinois have formed a political action committee and are spending money in an attempt to limit the market if recreational use of the drug is legalized in the state.

Judge refuses to order reopening Sterigenics plant

A federal judge has refused to order the resumption of operations at a suburban Chicago plant that sterilizes medical instruments with a cancer-causing chemical.

Equipment company Caterpillar Inc. to expand in Chicago

A construction machinery company known for its earth-moving equipment plans to expand its Chicago office in an effort to attract top tech talent.

Student-loan payment may soon come directly out of your paycheck

Student loans could be automatically deducted from paychecks each month if a new proposal from Republican Sen. Lamar Alexander becomes law.

Report: Payless ShoeSource set to close 2,300 stores

(FOX BUSINESS) - The clock is ticking toward the closing of another retailer. The discount retailer Payless ShoeSource plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month, according to Reuters.

NYC considers ban on pre-employment marijuana tests

New York City lawmakers are considering a proposal that would prohibit of drug testing by companies for marijuana as a requirement to be hired.

Amazon pulls out of plan to build New York headquarters

Amazon abruptly abandoned plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and others objected to the nearly $3 billion in tax incentives promised to the company.

Panel sends $15 Illinois minimum wage plan to House floor

An Illinois House committee approved a measure Wednesday that would hike the state's minimum wage to $15 within six years, setting up the legislation for an immediate floor vote and delivery to a receptive Gov. J.B. Pritzker by next week.

Analysis: $15 minimum wage no windfall for Illinois workers

Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025.

IRS: Refund checks down 8% compared to last year

Think your refund is going up this year? You may want to think again. New IRS data released on Friday shows that the average refund check is down 8.4 percent compared to last year.