US jobless claims rise to 778,000 as pandemic worsens

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

RadioShack gets another shot, this time with e-commerce

RadioShack has been pulled from the brink of death, again. Entrepreneur investors Alex Mehr and Tai Lopez scooped up the brand this year and plan to make RadioShack competitive again — this time online.

U.S. bankruptcy court approves sale of J.C. Penney

The U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement that has substantially all of J.C. Penney’s retail and operating assets acquired by Brookfield Asset Management Inc. and Simon Property Group through a combination of cash and new term loan debt.