Twenty-six percent of Americans have no emergency savings of any kind, and a majority have less emergency saving than experts recommend, according to a study from Bankrate. Even as the rest of the economy improves, the US savings rate has been trending downward for decades.
Velveeta recall involves 260 cases of cheese product that may not have enough preservative added, causing it to potentially spoil. The items involved in the Velveeta may have been distributed to Walmart stores in as many as 12 Midwest states.
General Motors faced another massive recall, a congressional grilling, and a multibillion dollar lawsuit this week. But the automaker's sales continue to be strong, and newer GM drivers are among the most satisfied in the country, according to a recent J.D. Power and Associates survey.
Young adults in the US increasingly are moving out and forming their own households as the economy improves, according to a recent report from Barclays.
General Motors' ignition switch problems have expanded to the company's larger vehicles. GM will recall an additional 3.36 million vehicles worldwide to replace or repair keys that could fall out of place.
Hillshire Brands will merge with Tyson Foods as soon as it gets out of a previous deal to buy Pinnacle Foods. However, Pinnacle stands to make hundreds of millions from being dropped by Hillshire.
Tyson Foods has won a bid to acquire Hillshire Brands for $7.7 billion, beating out an offer from Pilgrim's Pride. A look at what led up to the bidding war for Hillshire, ultimately resulting in Tyson making one of the biggest meat industry mergers ever.
Sbarro has emerged from bankruptcy protection and moved its headquarters to Ohio, where it will focus on building up its fast-casual concept, Pizza Cucinova. Can Sbarro really make a comeback?
Panera announced Tuesday that it will remove all artificial additives from its menu by 2016 as restaurant chains race to lure customers with the promise of more natural products. Panera has made conscientious food choices central to its brand in recent years.
Housing starts jumped 13.2 percent in April, but some experts aren't celebrating. Most of the housing starts gains were in the multifamily sector, which, along with low wages and a stagnant recovery in well-paid full-time jobs, could signal a growing class of long-term renters in the US.
Fast-food protests going global means more union support and creating a presence in countries that fast-food chains increasingly depend on for most of their earnings.