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Earnings Report

Wendy's Earnings, Sales Fall

Wendy's reported declining earnings and sales in the fourth quarter as the company shed company-operated stores in favor of franchise-operated restaurants.

Apple, Bank Stocks Push Wall Street to Record High

Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

Sears Says to Cut $1B in Costs, Shares Surge

Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent.

Sears Says to Cut $1B in Costs, Shares Surge

Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent.